CALGARY, Alberta, April 02, 2019 (GLOBE NEWSWIRE) — Precision Drilling Corporation (“Precision”) intends to release its 2019 first quarter results before the market opens on Thursday, April 25, 2019 and has scheduled a conference call and webcast to begin promptly at 12:00 Noon MT (2:00 p.m. ET) on the same day.… Continue Reading
Precision Drilling Announces Asset Divestitures, Senior Note Redemption and Provides International Contract Update
This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For important information with respect to such forward-looking information and statements and the further assumptions and risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this news release. All values in Canadian dollars except as indicated.… Continue Reading
Precision Drilling Corporation Announces Filing of Annual Disclosure Documents
CALGARY, Alberta, March 05, 2019 (GLOBE NEWSWIRE) — Precision Drilling Corporation (“Precision”) announced that it has filed its annual disclosure documents with the securities commissions in each of the provinces of Canada and the United States Securities and Exchange Commission (“SEC”).… Continue Reading
Precision Drilling Corporation Announces 2018 Fourth Quarter and Year End Unaudited Financial Results
CALGARY, Alberta, Feb. 14, 2019 (GLOBE NEWSWIRE) — (Canadian dollars except as indicated)… Continue Reading
Precision Drilling Corporation 2018 Fourth Quarter and End of Year Results Conference Call and Webcast – Date Change
CALGARY, Alberta, Jan. 31, 2019 (GLOBE NEWSWIRE) — Precision Drilling Corporation (“Precision”) announced that it has moved the date of its 2018 fourth quarter and year end results. Precision will release its 2018 fourth quarter results before the market opens on Thursday, February 14, 2019 and has scheduled a conference call and webcast to begin promptly at 1:00 p.m. MT (3:00 p.m. ET) on the same day.… Continue Reading
Precision Drilling Announces 2019 Capital Expenditure Plan, Debt Repayment Update, 2019 Strategic Priorities and Expected Goodwill Impairment
This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For important information with respect to such forward-looking information and statements and the further assumptions and risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this news release.… Continue Reading
Precision Drilling Corporation 2018 Fourth Quarter and End of Year Results Conference Call and Webcast
CALGARY, Alberta, Jan. 22, 2019 (GLOBE NEWSWIRE) — Precision Drilling Corporation (“Precision”) intends to release its 2018 fourth quarter results before the market opens on Friday, February 15, 2019 and has scheduled a conference call and webcast to begin promptly at 12:00 Noon MT (2:00 p.m. ET) on the same day.… Continue Reading
Precision Drilling Announces Credit Facility Extension and $150 Million Total Debt Reduction in 2018
This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For important information with respect to such forward-looking information and statements and the further assumptions and risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this news release.… Continue Reading
Precision Drilling Terminates Arrangement Agreement With Trinidad Drilling Requiring Payment of Termination Fee Following Ensign Take-Up
CALGARY, Alberta, Nov. 27, 2018 (GLOBE NEWSWIRE) — Precision Drilling Corporation (“Precision”) (TSX:PD; NYSE:PDS) today announced that it has terminated the arrangement agreement (the “Arrangement Agreement”) dated October 5, 2018 with Trinidad Drilling Ltd. (“Trinidad”) following the announcement by Ensign Energy Services Inc. that it had taken up 56.38% of the outstanding common shares of Trinidad pursuant to its unsolicited offer to purchase and takeover bid circular. Accordingly, payment of the termination fee in the amount of $20,000,000 is now due and payable to Precision in accordance with the Arrangement Agreement.… Continue Reading
Precision Drilling Confirms Its Offer; Strongly Encourages Trinidad Drilling Shareholders Not to Tender to Ensign Offer and to Vote for Value Creating Combination With Precision
This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For important information with respect to such forward-looking information and statements and the further assumptions and risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this news release.… Continue Reading
Precision Drilling Corporation Announces Satisfaction of Competition Act Condition for the Combination With Trinidad Drilling Ltd. and Provides Operational Update
This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For important information with respect to such forward-looking information and statements and the further assumptions and risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this news release.… Continue Reading
Precision Drilling and Trinidad Drilling File Joint Management Information Circular Seeking Shareholder Approval of Strategic Combination
CALGARY, Alberta, Nov. 07, 2018 (GLOBE NEWSWIRE) — Precision Drilling Corporation (“Precision”) (TSX: PD; NYSE: PDS) is pleased to announce that Precision and Trinidad Drilling Ltd. (“Trinidad”) have each filed a joint management information circular and proxy statement (the “Circular”) for their respective special securityholders’ meetings to be held on December 11, 2018 in connection with the previously announced strategic combination of Precision and Trinidad (the “Arrangement”). Pursuant to the Arrangement, Precision has agreed to acquire all of the issued and outstanding common shares of Trinidad on the basis of 0.445 common shares of Precision for each outstanding Trinidad share.… Continue Reading