Precision Drilling Corp. announced that it has filed its annual disclosure documents with the securities commissions in each of the provinces of Canada and the United States Securities and Exchange Commission . Precision's 2020 Annual Report contains the audited consolidated financial statements and management's discussion and analysis for the year ended December 31, 2020. Precision's financial results for the year ended [...]
This news release contains "forward-looking information and statements" within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the "Cautionary Statement Regarding Forward-Looking Information and Statements" later in this news release. This news release contains references to Adjusted EBITDA, Covenant EBITDA [...]
Precision Drilling Corp. intends to release its 2020 fourth quarter results before the market opens on Wednesday, February 10, 2021 and has scheduled a conference call and webcast to begin promptly at 12:00 Noon MT on the same day. The conference call dial in numbers are 844-515-9176 or 614-999-9312 or a live webcast is accessible on our website at www.precisiondrilling.com An archived version of the webcast will be [...]
Precision Drilling Corp. provides a series of announcements including: 1) debt repayment update; 2) increase in long-term debt reduction target; 3) liquidity update; and 4) drilling activity update. Debt Repayment Update Following additional open market repurchases of its unsecured senior notes in the fourth quarter, Precision’s 2020 debt repayments totaled $170 million, exceeding the high end of its 2020 annual targeted [...]
Precision Drilling Corp. announces that it is proceeding with a 20:1 consolidation of the common shares of the Company . Notice has been provided to the Toronto Stock Exchange , and the New York Stock Exchange and Precision’s common shares are expected to begin trading on the TSX and NYSE, on a consolidated basis, on or about November 12, 2020. At Precision’s Annual and Special Meeting of Shareholders, held on May 14 [...]
This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this news release. This news release contains references to Adjusted EBITDA, Covenant EBITDA [...]
Precision Drilling Corp. intends to release its 2020 third quarter results before the market opens on Thursday, October 22, 2020 and has scheduled a conference call and webcast to begin promptly at 12:00 Noon MT on the same day. The conference call dial in numbers are 844-515-9176 or 614-999-9312 or a live webcast is accessible on our website at www.precisiondrilling.com An archived version of the webcast will be [...]
Precision Drilling Corp. announced the release of its 2020 Corporate Responsibility Report, detailing the performance of Precision’s environmental, social and governance initiatives. Through equipment and process standardization and scalable application of a robust digital technology portfolio, Precision’s operations deliver consistency, reliability and efficiency, which not only lowers costs for customers, but also [...]
Precision Drilling Corp. announced today that the Toronto Stock Exchange has approved its intention to implement a normal course issuer bid through the facilities of the TSX and the New York Stock Exchange for a portion of its common shares . The NCIB effectively renews the existing NCIB, which is scheduled to terminate on August 26, 2020. Precision believes the NCIB continues to represent another tool for the Company to [...]
This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this news release. This news release contains references to Adjusted EBITDA, Covenant EBITDA [...]
Precision Drilling Corp. intends to release its 2020 second quarter results before the market opens on Thursday, July 23, 2020, and has scheduled a conference call and webcast to begin promptly at 12:00 Noon MT on the same day. The conference call dial in numbers are 844-515-9176 or 614-999-9312 or a live webcast is accessible on our website at www.precisiondrilling.com An archived version of the webcast will be available [...]
Precision Drilling Corp. has been named the 2020 Energy Excellence Awards “Innovation & Technology Excellence” champion. This award recognizes Precision’s industry-leading Alpha digital suite including AlphaAutomation, AlphaApps and AlphaAnalytics, as it relates to productivity, savings in time, financial management, safety, and changes to environmental performance. Additionally, in 2019 Precision was awarded Hitachi’s [...]