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Stock Market & Financial Investment News

News Breaks
March 24, 2014
06:10 EDTPDSPrecision Drilling announces new contract awards, CapEx plan update
Precision Drilling announced new international contract awards and an update on its 2014 capital expenditure plan, which is now $634M. In the Middle East, the company has signed a multi-year contract for a Super Triple new build ST-2000 drilling rig that will be delivered late in Q4 of this year. In Mexico, the company has signed multi-year contracts for a total of six drilling rigs, including re-contracting three existing 3,000 horsepower rigs working for a major integrated project management, or IPM, service provider and contracting, as part of a consortium, for three 1,000 horsepower rigs. The 2014 CapEx plan of $634M is an increase of $119M from the plan announced during the company's February 14, Q4 and year end press release. The updated 2014 plan includes $320M for expansion capital, $195M for sustaining and infrastructure expenditures, and $119M to upgrade existing rigs. The company expects that the $634M will be split $597M in the Contract Drilling segment and $37M in the Completion and Production Services segment.
News For PDS From The Last 14 Days
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October 16, 2014
09:38 EDTPDSPrecision Drilling upgraded to Action List Buy from Buy at TD Securities
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October 15, 2014
07:06 EDTPDSPrecision Drilling initiated with a Buy at ISI Group
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October 9, 2014
10:00 EDTPDSOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Acuity Brands (AYI) upgraded at Oppenheimer... Agnico-Eagle (AEM) upgraded to Buy from Hold at Desjardins... Apple (AAPL) upgraded to Outperform from Perform at Oppenheimer... Bank of Montreal (BMO) upgraded to Buy from Hold at Canaccord... Basic Energy (BAS) upgraded to Hold from Underperform at Jefferies... BreitBurn Energy (BBEP) upgraded to Outperform from Perform at Oppenheimer... Golden Minerals (AUMN) upgraded at Roth Capital... Helmerich & Payne (HP) upgraded to Buy from Hold at Jefferies... II-VI (IIVI) upgraded to Buy from Neutral at DA Davidson... LivePerson (LPSN) upgraded at Credit Suisse... Luminex (LMNX) upgraded to Market Perform at Cowen... MGM Resorts (MGM) upgraded at Craig-Hallum... New Gold (NGD) upgraded to Buy from Hold at Desjardins... New Source Energy (NSLP) upgraded to Outperform from Perform at Oppenheimer... Pacific Coast Oil (ROYT) upgraded to Buy from Hold at Stifel... Pioneer Energy (PES) upgraded to Buy from Hold at Jefferies... Precision Drilling (PDS) upgraded to Strong Buy from Outperform at Raymond James... Randgold (GOLD) upgraded to Overweight from Neutral at HSBC... Resource Capital (RSO) upgraded to Buy from Hold at MLV & Co.... Toyota (TM) upgraded to Buy from Neutral at BofA/Merrill... Transocean (RIG) upgraded to Outperform from Sector Perform at Iberia... Universal Technical (UTI) upgraded to Outperform from Market Perform at Wells Fargo... Vulcan Materials (VMC) upgraded to Buy from Neutral at Longbow.
09:09 EDTPDSPrecision Drilling upgraded to Strong Buy from Outperform at Raymond James
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