‘Hard to stomach': Oil prices slump below Alberta's budgeted barrel price amid economic uncertainty of Trump tariffs [BNN Bloomberg (Canada)]
Precision Drilling Corporation (PDS)
Last precision drilling corporation earnings: 4/30 06:00 am
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Source: BNN Bloomberg
Finance Minister Nate Horner outlined Budget 2025 in February, warning of “evolving uncertainty with Canada-U.S. trade relations” and possible hard times ahead. Alberta's budget is based on oil at $68 a barrel and each dollar lost costs the province $750 million. With West Texas Intermediate (WTI) trading at $61 a barrel on Friday – the lowest since 2021 – those hard times appear to have arrived. “We saw oil prices decline quite dramatically in the wake of the tariffs that the U.S. administration has put in place,” said energy analyst Susan Bell, senior vice president of oil markets at Rystad Energy. “If the tariffs do stay in place for an extended period of time, then it wouldn't surprise me to see crude oil prices drop into the mid to high 50s.” Bell said it's hard to know, though, with Trump having “double-clutched” on tariffs a few times so far. That uncertainty, she added, is causing volatility in the market. “The short-term pain and unpredictability right now is hard
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PDS
News
- Precision Drilling (NYSE:PDS) (TSE:PD) had its "overweight" rating reaffirmed by analysts at Piper Sandler.MarketBeat
- Precision Drilling (NYSE:PDS) (TSE:PD) was upgraded by analysts at Zacks Research from a "strong sell" rating to a "hold" rating.MarketBeat
- Precision Drilling (NYSE:PDS) (TSE:PD) was upgraded by analysts at Atb Cap Markets to a "strong-buy" rating.MarketBeat
- Precision Drilling (NYSE:PDS) (TSE:PD) had its "hold (c-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Precision Drilling (NYSE:PDS) (TSE:PD) was downgraded by analysts at Zacks Research from a "hold" rating to a "strong sell" rating.MarketBeat
PDS
Earnings
- 10/22/25 - Miss
PDS
Sec Filings
- 10/24/25 - Form 6-K
- 10/23/25 - Form 6-K
- 10/23/25 - Form 6-K
- PDS's page on the SEC website