CALGARY, Alberta, Oct. 29, 2020 (GLOBE NEWSWIRE) — Precision Drilling Corporation (“Precision” or the “Company”) (TSX:PD; NYSE:PDS) announces that it is proceeding with a 20:1 consolidation of the common shares of the Company (the “Consolidation”). Notice has been provided to the Toronto Stock Exchange (“TSX”), and the New York Stock Exchange (“NYSE”) and Precision’s common shares are expected to begin trading on the TSX and NYSE, on a consolidated basis, on or about November 12, 2020.

At Precision’s Annual and Special Meeting of Shareholders, held on May 14, 2020, the Company’s shareholders approved a special resolution authorizing the Board of … Continue Reading

CALGARY, Alberta, Oct. 22, 2020 (GLOBE NEWSWIRE) — This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this news release. This news release contains references to Adjusted EBITDA, Covenant EBITDA, Operating Earnings (Loss), Funds Provided by (Used in) Operations and Working Capital. These terms do not have standardized meanings prescribed under International Financial Reporting Standards (IFRS) and may not be comparable to similar measures … Continue Reading

CALGARY, Alberta, Oct. 05, 2020 (GLOBE NEWSWIRE) — Precision Drilling Corporation (“Precision”) intends to release its 2020 third quarter results before the market opens on Thursday, October 22, 2020 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.

The conference call dial in numbers are 844-515-9176 or 614-999-9312 (International) or a live webcast is accessible on our website at www.precisiondrilling.com

An archived version of the webcast will be available for approximately 60 days. An archived recording of the conference call will be available approximately one hour after … Continue Reading

CALGARY, Alberta, Sept. 14, 2020 (GLOBE NEWSWIRE) — Precision Drilling Corporation (“Precision” or the “Company”) (TSX:PD; NYSE:PDS) announced the release of its 2020 Corporate Responsibility Report, detailing the performance of Precision’s environmental, social and governance (ESG) initiatives. Through equipment and process standardization and scalable application of a robust digital technology portfolio, Precision’s operations deliver consistency, reliability and efficiency, which not only lowers costs for customers, but also enables the Company to minimize its environmental impact. The Company’s social and community involvement, and governance initiatives, have enhanced its corporate brand, minimized the potential impact of unforeseen business interruptions, and serve to … Continue Reading

CALGARY, Alberta, Aug. 21, 2020 (GLOBE NEWSWIRE) — Precision Drilling Corporation (“Precision” or the “Company”) (TSX:PD; NYSE:PDS) announced today that the Toronto Stock Exchange (the “TSX”) has approved its intention to implement a normal course issuer bid (“NCIB”) through the facilities of the TSX and the New York Stock Exchange for a portion of its common shares (“Common Shares”). The NCIB effectively renews the existing NCIB, which is scheduled to terminate on August 26, 2020. Precision believes the NCIB continues to represent another tool for the Company to enhance the value of its underlying shares.

Pursuant to the renewed NCIB, … Continue Reading

CALGARY, Alberta, July 23, 2020 (GLOBE NEWSWIRE) — This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this news release. This news release contains references to Adjusted EBITDA, Covenant EBITDA, Operating Earnings (Loss), Funds Provided by (Used in) Operations and Working Capital. These terms do not have standardized meanings prescribed under International Financial Reporting Standards (IFRS) and may not be comparable to similar measures used … Continue Reading

CALGARY, Alberta, July 06, 2020 (GLOBE NEWSWIRE) — Precision Drilling Corporation (“Precision”) intends to release its 2020 second quarter results before the market opens on Thursday, July 23, 2020, 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.

The conference call dial in numbers are 844-515-9176 or 614-999-9312 (International) or a live webcast is accessible on our website at www.precisiondrilling.com

An archived version of the webcast will be available for approximately 60 days. An archived recording of the conference call will be available approximately one hour after … Continue Reading

CALGARY, Alberta, May 26, 2020 (GLOBE NEWSWIRE) — Precision Drilling Corporation (“Precision” or “the Company”) (TSX:PD; NYSE:PDS) has been named the 2020 Energy Excellence Awards “Innovation & Technology Excellence” champion. This award recognizes Precision’s industry-leading Alpha digital suite including AlphaAutomation, AlphaApps and AlphaAnalytics, as it relates to productivity, savings in time, financial management, safety, and changes to environmental performance. Additionally, in 2019 Precision was awarded Hitachi’s Transformation Award for Data Insights Optimization, recognizing Hitachi customers who collaboratively drive positive economic, social and environmental impact.

Additional details can be found by accessing the below links:

https://www.dailyoilbulletin.com/article/2020/5/20/precision-named-energy-excellence-awards-champion-/

https://www.hitachinext.com/en-us/transformation-awards-2019.html

https://social-innovation.hitachi/en-us/case_studies/precision-drilling

Precision has spent … Continue Reading

CALGARY, Alberta, May 14, 2020 (GLOBE NEWSWIRE) — Precision Drilling Corporation (“Precision”) announces that all resolutions considered by shareholders at its 2020 Annual and Special Meeting of Shareholders, held on May 14, 2020 (the “Annual Meeting”), have been approved.

Shareholders approved the election of 8 board members (7 of whom are independent), with shares represented at the meeting voting in favour of individual directors as follows:

 

Nominee  

# Votes For  

% Votes For  

# Votes Withheld  

% Votes Withheld Michael R. Culbert 138,278,231 97.99 2,838,675 2.01 William T. Donovan 133,209,455 94.40 7,907,451 5.60 Brian J. Gibson 134,678,627 95.44 6,438,279 4.56 … Continue Reading

CALGARY, Alberta, May 04, 2020 (GLOBE NEWSWIRE) — Precision Drilling Corporation (“Precision”) reminds shareholders that it is holding its 2020 Annual and Special Meeting of Shareholders (“Annual Meeting”) on Thursday, May 14, 2020 at 10:00 a.m. MT. As previously announced, due to the novel coronavirus (“COVID-19”) and to mitigate against any health emergency risks, the Annual Meeting will be held in a virtual-only meeting format. The virtual-only meeting format will provide all shareholders an equal opportunity to participate in the Annual Meeting regardless of their geographic location or concerns related to COVID-19.

The Annual Meeting can be accessed by logging … Continue Reading

CALGARY, Alberta, April 30, 2020 (GLOBE NEWSWIRE) — This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this news release. This news release contains references to Adjusted EBITDA, Covenant EBITDA, Operating Earnings (Loss), Funds Provided by (Used in) Operations and Working Capital. These terms do not have standardized meanings prescribed under International Financial Reporting Standards (IFRS) and may not be comparable to similar measures used … Continue Reading

CALGARY, Alberta, April 09, 2020 (GLOBE NEWSWIRE) — Precision Drilling Corporation (“Precision”) intends to release its 2020 first quarter results before the market opens on Thursday, April 30, 2020, 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.

The conference call dial in numbers are 844-515-9176 or 614-999-9312 (International) or a live webcast is accessible on our website at www.precisiondrilling.com

An archived version of the webcast will be available for approximately 60 days. An archived recording of the conference call will be available approximately one hour after … Continue Reading