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Precision Drilling Corp (PD.TO)

PD.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Precision Drilling Corp Announces Early Termination Of Hart-Scott-Rodino Waiting Period
Thursday, 1 Nov 2018 

Oct 31 (Reuters) - Precision Drilling Corp ::PRECISION DRILLING CORPORATION ANNOUNCES EARLY TERMINATION OF HART-SCOTT-RODINO WAITING PERIOD.  Full Article

Precision Drilling Corp Announces Q3 Loss Per Share C$0.10
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - Precision Drilling Corp ::ANNOUNCES 2018 THIRD QUARTER UNAUDITED FINANCIAL RESULTS.Q3 LOSS PER SHARE C$0.10.Q3 REVENUE C$382 MILLION VERSUS I/B/E/S VIEW C$394.6 MILLION.Q3 EARNINGS PER SHARE VIEW C$-0.08 -- THOMSON REUTERS I/B/E/S.  Full Article

Precision Drilling Says Deal Will Add To 2019 Cash Flow Per Share - Conf Call
Friday, 5 Oct 2018 

Oct 5 (Reuters) - Precision Drilling Corp ::SAYS CAPITAL EXPENDITURES WILL REMAIN COMPARATIVELY LOW IN COMING YEARS - EXEC ON CONF CALL.CEO SAYS DEAL WILL BE SIGNIFICANTLY ACCRETIVE TO 2019 CASH FLOW PER SHARE - CONF CALL.  Full Article

Precision Drilling To Buy Trinidad Drilling For C$1.03 Bln
Friday, 5 Oct 2018 

Oct 5 (Reuters) - Precision Drilling Corp ::TRINIDAD DRILLING ANNOUNCES STRATEGIC MERGER WITH PRECISION DRILLING TO CREATE INDUSTRY-LEADING CONTRACT DRILLER.TRINIDAD DRILLING LTD - TOTAL CONSIDERATION FOR TRINIDAD IS APPROXIMATELY $1,028 MILLION.TRINIDAD DRILLING LTD - RESPECTIVE BOARDS OF DIRECTORS FOR TRINIDAD AND PRECISION DRILLING CORPORATION ("PRECISION") HAVE UNANIMOUSLY AGREED TO DEAL.TRINIDAD DRILLING - UNDER TERMS OF COMBINATION, PRECISION IS OFFERING 0.445 OF PRECISION SHARE FOR EACH OF ISSUED & OUTSTANDING COMMON SHARES OF CO.TRINIDAD DRILLING LTD - COMBINED ENTITY WILL HAVE AN ENTERPRISE VALUE OF APPROXIMATELY $4.0 BILLION AND OPERATE UNDER PRECISION NAME.TRINIDAD DRILLING LTD - TRANSACTION IS EXPECTED TO GENERATE SUBSTANTIAL SYNERGIES, DRIVING COST SAVINGS ACROSS COMBINED ENTITY.TRINIDAD DRILLING - UPON COMPLETION OF TRANSACTION, TRINIDAD SHAREHOLDERS WILL OWN ABOUT 29% OF COMBINED ENTITY.TRINIDAD DRILLING - HAS AGREED THAT IT WILL NOT SOLICIT OR INITIATE DISCUSSIONS REGARDING ANY OTHER BUSINESS COMBINATION OR SALE OF MATERIAL ASSETS.TRINIDAD DRILLING LTD - ONE OF TRINIDAD'S CURRENT DIRECTORS WILL BE APPOINTED TO PRECISION BOARD.TRINIDAD DRILLING LTD - ONE OF TRINIDAD'S CURRENT DIRECTORS WILL BE NOMINATED FOR ELECTION TO PRECISION BOARD AS PRECISION SHAREHOLDER MEETING.TRINIDAD DRILLING LTD - COMBINED ENTITY WILL HAVE AN ENTERPRISE VALUE OF APPROXIMATELY $4.0 BILLION AND OPERATE UNDER PRECISION NAME.  Full Article

Precision Drilling Corp Q2 Loss Per Share C$0.16
Thursday, 26 Jul 2018 

July 26 (Reuters) - Precision Drilling Corp ::ORATION ANNOUNCES 2018 SECOND QUARTER UNAUDITED FINANCIAL RESULTS.Q2 LOSS PER SHARE C$0.16.Q2 REVENUE C$331 MILLION VERSUS I/B/E/S VIEW C$320 MILLION.Q2 EARNINGS PER SHARE VIEW C$-0.14 -- THOMSON REUTERS I/B/E/S.Q2 CAPITAL EXPENDITURES WERE $37 MILLION.ACTIVELY BIDDING OUR FOUR IDLE RIGS IN MIDDLE EAST AND BELIEVE PROSPECTS TO ACTIVATE THESE RIGS ARE IMPROVING.UPDATED 2018 CAPITAL PLAN IS APPROXIMATELY $135 MILLION.NET FINANCIAL CHARGES FOR QUARTER WERE $32 MILLION.  Full Article

Precision Drilling Corp Announces Kuwait Contract Award And Activity Update
Monday, 9 Jul 2018 

July 9 (Reuters) - Precision Drilling Corp ::PRECISION DRILLING CORPORATION ANNOUNCES KUWAIT CONTRACT AWARD AND ACTIVITY UPDATE.PRECISION DRILLING - AWARD OF ONE NEW BUILD ST-3000 DRILLING RIG IN KUWAIT UNDER A FIVE YEAR TAKE-OR-PAY CONTRACT.PRECISION DRILLING CORP - EXPECTS SIXTH RIG TO COMMENCE OPERATIONS IN Q3 OF 2019.PRECISION DRILLING CORP - EXPECTED CASH BALANCE FOR END OF Q2 IS ABOUT $95 MILLION.PRECISION DRILLING CORP - CAPITAL COST FOR THE NEW BUILD IS ABOUT US$60 MILLION WITH ABOUT US$10 MILLION EXPECTED TO BE SPENT IN 2018 AND REMAINDER IN 2019.  Full Article

Precision Drilling Corp Announces 2018 Capital Expenditure Plan
Monday, 4 Dec 2017 

Dec 4 (Reuters) - Precision Drilling Corp ::PRECISION DRILLING CORPORATION ANNOUNCES 2018 CAPITAL EXPENDITURE PLAN AND PROVIDES BALANCE SHEET UPDATE.PRECISION DRILLING CORP - ‍ANNOUNCED A 2018 CAPITAL EXPENDITURE PLAN OF $94 MILLION.PRECISION DRILLING CORP - ‍ANTICIPATE 2017 CAPITAL EXPENDITURES TO BE APPROXIMATELY $104 MILLION, CONSISTENT WITH OUR PREVIOUS GUIDANCE​.PRECISION DRILLING CORP - ‍2018 CAPEX PLAN OF $94 MILLION, COMPRISED OF $62 MILLION FOR MAINTENANCE AND INFRASTRUCTURE AND $32 MILLION TO UPGRADE EXISTING RIGS​.  Full Article

Precision Drilling Corporation Announces Addition Of New Director
Friday, 1 Dec 2017 

Dec 1 (Reuters) - Precision Drilling Corp ::PRECISION DRILLING CORPORATION ANNOUNCES ADDITION OF NEW DIRECTOR.PRECISION DRILLING CORP - ANNOUNCED TODAY ADDITION OF MICHAEL CULBERT TO ITS BOARD OF DIRECTORS.  Full Article

Precision Drilling announces early results of cash tender offers
Wednesday, 22 Nov 2017 

Nov 22 (Reuters) - Precision Drilling Corp ::Precision drilling announces early results of cash tender offers and consent solicitations.Says ‍tender offers will expire at 12:00 midnight New York City time, at end of day on Dec 6 2017 unless extended or earlier terminated.  Full Article

Precision Drilling announces early results of cash tender offers and consent solicitations
Wednesday, 22 Nov 2017 

Nov 22 (Reuters) - Precision Drilling Corp :Precision Drilling announces early results of cash tender offers and consent solicitations.Precision Drilling Corp - ‍tender offers will expire at 12:00 midnight New York City time, at end of day on December 6, 2017​.  Full Article

CANADA STOCKS-Futures decline as oil prices slip

Nov 9 Canada's main stock index futures fell on Friday, as a fall in oil prices due to increased global supply of crude dragged down energy shares.