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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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November 25, 2014
09:42 EDTPDSNorth American Shale Drilling Services sector downgraded at OTR Global
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November 18, 2014
14:57 EDTPDSPrecision Drilling management to meet with Jefferies
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09:56 EDTPDSOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Allergan (AGN) downgraded to Market Perform from Outperform at William Blair... Wells Fargo (WFC) downgraded to Market Perform from Outperform at BMO Capital... Allergan downgraded to Neutral from Buy at Guggenheim... Allergan downgraded to Neutral from Buy at SunTrust... Basic Energy (BAS) downgraded to Neutral from Buy at SunTrust... CBS (CBS) downgraded to Neutral from Overweight at Atlantic Equities... Key Energy (KEG) downgraded to Neutral from Buy at SunTrust... Macy's (M) downgraded to Neutral from Buy at BofA/Merrill... Statoil (STO) downgraded to Neutral from Overweight at JPMorgan... Urban Outfitters (URBN) downgraded to Market Perform from Outperform at Telsey Advisory... Urban Outfitters downgraded to Market Perform from Outperform at William Blair... Urban Outfitters downgraded to Neutral from Overweight at Atlantic Equities... Baker Hughes (BHI) downgraded to Hold from Buy at Argus.... Precision Drilling (PDS) downgraded to Market Perform at Raymond James.
08:54 EDTPDSPrecision Drilling downgraded to Market Perform at Raymond James
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