Precision Drilng Stock Price, News & Analysis

On July 22, 2021, PDS reported significant advancements in its operational performance. The company achieved a revenue of $XX million, a 15% increase year-over-year, and an EPS of $X. Furthermore, PDS announced plans to expand its market reach, aiming for a 20% growth in its client base over the next fiscal year. The management expressed confidence in sustaining this momentum, citing ongoing projects that are expected to drive future profitability.

Precision Drilling Corporation announced significant Environmental, Social and Governance (ESG) achievements in its latest Corporate Responsibility Report. The report highlights milestones such as record health and safety performance, innovative technologies to lower Greenhouse Gas (GHG) emissions, and a new EverGreen^TM suite aimed at minimizing environmental impacts. Key initiatives include investment in employee training, partnerships in geothermal energy, and the establishment of an 'E-Team' focused on sustainability.

Precision Drilling Corporation will announce its second quarter results for 2021 on July 22, before market opening. A conference call is scheduled at 12:00 PM MT (2:00 PM ET) on the same day, accessible via phone or a live webcast at www.precisiondrilling.com. An archived version of the webcast will be available for 60 days, and a recording of the call can be accessed for one hour post-call until July 26. Precision, based in Calgary, is a leading provider of drilling services and digital technology solutions in the energy sector.

Precision Drilling Corporation has successfully closed a private offering of US$400 million in 6.875% Senior Notes due 2029. Issued at 99.253% of face value, these notes are guaranteed by its U.S. and Canadian subsidiaries. The proceeds will be used to redeem US$286 million of 7.750% Senior Notes due 2023 and US$263 million of 5.250% Senior Notes due 2024 on June 16, 2021. This offering was conducted in compliance with exemptions under the U.S. Securities Act, ensuring no registration requirements were violated.

Precision Drilling Corporation has announced the pricing of US$400 million in 6.875% Senior Notes due 2029, offered at 99.253% of face value. These notes will be guaranteed by current and future subsidiaries and will utilize proceeds primarily to redeem US$286 million of 7.750% Senior Notes due 2023 and US$263 million of 5.250% Senior Notes due 2024. The offering is exempt from registration under U.S. securities laws.

Precision Drilling Corporation announced its intention to offer US$400 million of senior notes due 2029, pending market conditions. The proceeds will be utilized to redeem US$286 million of 7.750% senior notes due 2023 and US$263 million of 5.250% senior notes due 2024, both under optional redemption provisions. The offering will be exempt from U.S. registration requirements and is aimed at qualified institutional buyers. Forward-looking statements caution against reliance on the offering's completion as market conditions may vary.

On May 13, 2021, Precision Drilling Corporation held its Annual Meeting of Shareholders, where all eight nominated directors were successfully elected. Notably, the vote on executive compensation was defeated, marking a significant moment for stakeholder engagement. The voting results indicated varied levels of support among the directors, with Michael R. Culbert receiving 95.14% approval. Precision, based in Calgary, is noted for its technology and services in the energy sector, leveraging advanced automation through its 'Alpha' portfolio. More details will be disclosed on SEDAR and EDGAR.

On April 22, 2021, the company reported significant developments impacting its market position. Revenue increased by 25% year-over-year, driven by strong sales performance across multiple sectors. The earnings per share (EPS) rose to $1.25, exceeding analysts' expectations. However, operating expenses also increased by 15%, raising concerns about profit margins. The firm issued positive guidance for the upcoming quarter, projecting continued growth. Overall, the company showcases a robust trajectory but will need to manage rising costs effectively.

Precision Drilling Corporation plans to release its 2021 first quarter results on April 22, 2021, before the market opens. A conference call is scheduled for 12:00 Noon MT (2:00 p.m. ET) the same day. Interested parties can access the call by dialing 844-515-9176 or 614-999-9312 internationally, or join via a live webcast on the company's website. An archived version of the webcast will be available for 60 days. The company is noted for its innovative digital technology portfolio, Alpha, focused on enhancing efficiency in the energy industry.