Oil and Gas
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Precision Drilling Corp. provides onshore drilling, completion, and production services to the oil and natural gas industry. It operates through the following segments: Contract Drilling Services; and Completion and Production Services. Read More The Contract Drilling Services segment includes drilling rig, directional drilling, oilfield supply, and manufacturing divisions. The Completion and Production Services segment involves snubbing, rental, camp and catering, and wastewater treatment divisions. The company was founded on March 25, 1985 and is headquartered in Calgary, Canada.
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Oil and Gas
Financial PostMay 13
Ensign Energy Services posts Q1 beat as it digests Trinidad acquisition
CALGARY — Drilling firm Ensign Energy Services Inc. is reporting a 72 per cent increase in revenue in its first full quarter since buying Trinidad Drilling Ltd. late last year. The Calgary-based company says revenue came to $445 million in the first three months of 2019, up from $258 million in the same period a year earlier, mainly due to its winning the battle for Trinidad over larger rival Precision Drilling Corp. Ensign lost $22.3 million or 14 cents per share in the quarter, down from a loss of $26.7...
Seeking AlphaMay 12
Precision Drilling's Faith In The Canadian Market Will Keep It Muted In The Short Term
PDS Looks To Move Sideways For Now Precision Drilling Corporation (PDS) provides oil and natural gas drilling and related services and products. As the upstream customers restrain their 2019 capex budget, I do not expect PDS’s stock price to show positive momentum in the short-term. However, if day rates improve on the more advanced rigs, where the company’s current focus is, the stock can be a good investment over the medium to long term. Precision Drilling is giving considerable emphasis to servicing th...
Expected Jul 25, Pre-Market