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[6-K] Precision Drilling Corporation Current Report (Foreign Issuer)

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
6-K
Rhea-AI Filing Summary

Precision Drilling Corporation filed a Current Report on Form 6-K that is signed by Carey T Ford, Chief Financial Officer on September 11, 2025. The filing’s exhibit index lists Exhibit 99.1 titled "Precision Drilling Announces Renewal of Normal Course Issuer Bid," indicating the company has announced a renewal of its share repurchase program. The document contains the required signature block and the exhibit reference but does not include the full text or terms of the issuer bid within the pages provided.

Positive
  • Company announced renewal of a normal course issuer bid, indicating intent to repurchase shares which can support per-share metrics if executed
  • Filing is properly signed by the Chief Financial Officer, meeting disclosure formalities
Negative
  • None.

Insights

TL;DR Renewal of a normal course issuer bid signals management authorization to repurchase shares, potentially supporting the stock.

The filing confirms the company announced a renewal of its normal course issuer bid via Exhibit 99.1, and the report is formally signed by the CFO. This disclosure is administrative evidence that a buyback program has been announced, which can be positive for per-share metrics if repurchases occur. The filing itself lacks details on authorization size, duration, or repurchase conditions, so the direct financial impact cannot be quantified from this document alone.

TL;DR Formal filing and CFO signature fulfill disclosure requirements; exhibit reference not accompanied by substantive terms in this document.

The 6-K provides the required signature certification and references an exhibit announcing a renewed issuer bid. From a governance perspective, the document meets reporting formalities by identifying the responsible officer and filing date. However, because the exhibit’s content is not included here, there is no information on board approval, buyback limits, or timing, preventing assessment of governance implications beyond the fact of an announced program.

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of September 2025

Commission File Number: 001-14534

Precision Drilling Corporation
(Translation of registrant's name into English)

800, 525 - 8 Avenue S.W.
Calgary, Alberta
Canada T2P 1G1

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [   ]      Form 40-F [ X ]

 

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

      Precision Drilling Corporation    
  (Registrant)
   
  
Date: September 11, 2025     /s/ Carey T Ford    
  Carey T Ford
  Chief Financial Officer
  


EXHIBIT INDEX

 

Exhibit DESCRIPTION
   
99.1 PRECISION DRILLING ANNOUNCES RENEWAL OF NORMAL COURSE ISSUER BID

FAQ

What did Precision Drilling (PDS) file on September 11, 2025?

The company filed a Form 6-K signed by Carey T Ford, Chief Financial Officer, and included an exhibit reference announcing the renewal of a normal course issuer bid.

Does this filing include the terms of the renewed issuer bid?

No. The Form 6-K provided here lists Exhibit 99.1 as the announcement but does not contain the full text or terms of the issuer bid.

Who signed the filing for Precision Drilling?

The filing is signed by Carey T Ford, who is identified as the Chief Financial Officer.

Is the renewal of the issuer bid confirmed as executed in this document?

No. The document only references an announcement of renewal; it does not disclose whether any repurchases have been or will be executed.

Where can I find the full details of the issuer bid announcement?

The full details should be contained in Exhibit 99.1, which is referenced in this Form 6-K but is not included in the provided content.
Precision Drilng

NYSE:PDS

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750.23M
12.80M
2.65%
44.4%
2.59%
Oil & Gas Drilling
Energy
Link
Canada
Calgary