Precision Drilling expects rig demand growth with LNG Canada startup [Financial Post (Toronto, Ontario, Canada)]
Precision Drilling Corporation (PDS)
Last precision drilling corporation earnings: 4/30 06:00 am
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US:NYSE Investor Relations:
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Source: Financial Post
CALGARY — Canada's largest drilling rig company said it will be closely watching the startup of this country's first liquefied natural gas export facility after being caught off guard by the dramatic increase in drilling that took place following the opening of the Trans Mountain pipeline expansion. Precision Drilling Corp. is Canada's largest drilling rig contractor, and as such, serves as a barometer for the overall health of the country's energy sector. CEO Kevin Neveu told analysts on a conference call Wednesday that Precision was surprised by the “near instantaneous” uptick in drilling in Western Canada that took place following the opening six months ago of the Trans Mountain oil pipeline expansion. That pipeline has served to boost prices for Canadian heavy oil. Neveu said as a result, demand for Precision's rigs in this country is at “historic highs.” He said the uptick in demand is coming both from customers drilling heavy oil, as well as those drilling natural gas
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- Precision Drilling expects rig demand growth as LNG Canada startup nears [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Precision Drilling expects rig demand growth with LNG Canada startup [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Precision Drilling expects rig demand growth with LNG Canada startup [Yahoo! Finance Canada]Yahoo! Finance Canada
PDS
Earnings
- 10/29/24 - Beat
PDS
Sec Filings
- 10/31/24 - Form SC
- 10/30/24 - Form 6-K
- 10/29/24 - Form 6-K
- PDS's page on the SEC website