Updating PRECISION DRILLING CORP., SNC-LAVALIN GROUP INC. and NORDION INC.

Article Excerpt

PRECISION DRILLING CORP. $11 (www.precisiondrilling.com) has paid an undisclosed sum for Axis Energy Services Holding Inc. Based in Calgary, privately held Axis specializes in directional drilling services that help energy exploration companies extract more oil and natural gas from hard-to-reach reservoirs. This purchase will add to Precision’s drilling expertise and help it win more contracts. Buy. SNC-LAVALIN GROUP INC. $46 (www.snclavalin.com) is buying Arcturus Realty Corp., which manages over 35 million square feet of office, retail and industrial properties across Canada. The company did not reveal the cost of the purchase price, which should close by November 30, 2011. Arcturus looks like a nice fit with SNC’s design and engineering operations. The purchase also gives SNC access to Arcturus’ high-quality clientele. Buy. NORDION INC. $9.08 (www.nordion.com) gets most of its isotopes for cancer detection and research from the Chalk River nuclear reactor near Ottawa. This reactor will soon be shut down for maintenance; that will hurt Nordion’s revenue in 2012. The company…