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Stock Market & Financial Investment News

News Breaks
December 10, 2013
19:14 EDTPDSPrecision Drilling says active drilling rig count increasing throughout Q4
Precision's active drilling rig count in both Canada and the United States has been increasing throughout Q4. Precision has 109 active drilling rigs in Canada, 93 in the United States and 12 in international locations. The company expects Precision's Canadian drilling rig count to remain at current levels until industry activity breaks for the holiday season before returning to higher activity after the first of the year. The company expects its Q1 peak activity levels to be similar to winter 2013. In the United States, the company expects recent market share gains to be maintained in the near term and activity levels to increase or decrease with industry activity. Precision currently has 200 Tier 1 rigs and will have 211 Tier 1 drilling rigs upon delivery of all announced new builds, up from 93 Tier 1 rigs in 2009. To date in 2013, the company has completed and delivered eight new build drilling rigs.
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October 27, 2014
15:00 EDTPDSPrecision Drilling says expects number of rigs to rise through 2015
Says recent oil price slide is "concerning," but doesn't expect a reduction in drilling near term. Says winter drilling season should be strong. Says will deliver around 3 rigs per month over next several quarters. Says "could not be more pleased" with current strategy. Comments from company's Q3 earnings conference call.
14:08 EDTPDSPrecision Drilling sees FY14 CapEx $908M, down from prior view of $934M
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06:06 EDTPDSPrecision Drilling raises Q4 dividend by 17% to 7c per share
The board of Precision Drilling has declared a dividend on its common shares of 7c per common share, a 17% increase over the prior quarter. The dividend is payable on November 24, to shareholders of record on November 14.
06:05 EDTPDSPrecision Drilling reports Q3 EPS 18c, consensus 17c
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