Rising demand lifts revenue, cuts debt for Precision Drilling Corp.

Improved demand for drilling rigs in the U.S., plus rising oil prices, led to an 8.2% revenue increase for this industry leader in the most-recent quarter.

At the same time, the company needs to bring down its debt.

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PRECISION DRILLING CORP. (Toronto symbol PD; www.precisiondrilling.com) provides contract… Read More

Merger has big advantages

PRECISION DRILLING CORP. $4.13 (Toronto symbol PD; Aggressive Growth Portfolio, Resource sector; Shares outstanding: 293.2 million; Market cap: $1.2 billion; Price-to-sales ratio: 0.9; Dividend suspended in March 2016; TSINetwork Rating: Extra Risk; www.precisiondrilling.com) provides contract drilling services to land-based oil and gas producers, mainly in North America… Read More