Updating Precision Drilling Corp., Restaurant Brands International Inc. and Home Capital Group Inc.

Article Excerpt

PRECISION DRILLING CORP. $3.68 (www.precisiondrilling.com) provides contract drilling services to land-based oil and gas producers, mainly in North America. Its long-term debt was $1.71 billion as of December 31, 2018, or a high 158% of its $1.08 billion market cap. However, the upcoming sale of its five idle rigs and a water treatment business in Mexico will raise $48 million U.S. for debt reduction. Precision also expects to apply much of its 2019 free cash flow (regular cash flow less capital expenditures) of between $100 million and $150 million to its debt. By 2021, it aims to repay up to $600 million of its debt. Buy. RESTAURANT BRANDS INTERNATIONAL INC. $87 (www.rbi.com) has launched a new loyalty program called Tims Rewards. It offers customers a coffee, tea or select baked goods after seven purchases made at least 30 minutes apart. Customers get a free plastic rewards card and can track their purchases through a mobile app. The new plan should help Tim Hortons better compete with…