CALGARY, Alberta, Sept. 14, 2023 (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”) for a portion of its common shares (“Common Shares”). 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, the Company has been authorized by the TSX to acquire up to a maximum of 1,326,321 Common Shares, or approximately 10% of the public float as of September … Continue Reading

CALGARY, Alberta, Sept. 07, 2023 (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.        

Precision Drilling Corporation (“Precision”) (TSX:PD; NYSE:PDS) is pleased to announce that it has entered into an agreement to acquire all of the issued and outstanding common shares of CWC Energy Services Corp. (“CWC”) (TSXV:CWC) for total consideration of approximately $141 million, comprised of 947,909 Precision … Continue Reading

CALGARY, Alberta, July 27, 2023 (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 certain Financial Measures and Ratios, including Adjusted EBITDA (earnings before income taxes, loss (gain) on investments and other assets, gain on repurchase of unsecured senior notes, finance charges, foreign exchange, gain on asset disposals and depreciation and amortization), Funds … Continue Reading

CALGARY, Alberta, July 06, 2023 (GLOBE NEWSWIRE) — Precision Drilling Corporation (“Precision”) intends to release its 2023 second quarter results before the market opens on Thursday, July 27, 2023, and has scheduled a conference call to begin at 12:00 noon MT (2:00 p.m. ET) on the same day.

To participate in the conference call please register at the URL link below. Once registered, you will receive a dial-in number and a unique PIN, which will allow you to ask questions.

https://register.vevent.com/register/BIf5c55d0560124b6695127e367e6c4f90

The call will also be webcast and can be accessed through the link below. A replay of the webcast … Continue Reading

CALGARY, Alberta, June 01, 2023 (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.

Precision Drilling Corporation (TSX:PD; NYSE:PDS) (“Precision” or the “Company”) today provides an update on its North American drilling operations.

In Canada, we have 46 rigs active today and expect to have over 60 rigs active by the end of the month as we begin to … Continue Reading

CALGARY, Alberta, May 11, 2023 (GLOBE NEWSWIRE) — Precision Drilling Corporation (“Precision” or the “Company”) is pleased to announce the results of the election of board members at its 2023 Annual Meeting of Shareholders held on May 11, 2023 (the “Annual Meeting”). Shareholders approved the election of all 8 (7 of whom are independent) of the nominated directors presented in the Company’s Management Information Circular (the “Circular”), dated March 29, 2023.

The shares represented at the Annual Meeting voting in favour of individual nominated directors are as follows:

CALGARY, Alberta, May 05, 2023 (GLOBE NEWSWIRE) —

Precision Drilling Corporation (“Precision”) reminds shareholders that it is holding its 2023 Annual Meeting of Shareholders (“the Annual Meeting”) on Thursday, May 11, 2023 at 10:00 a.m. MST. As previously announced, the Annual Meeting will be held in a virtual-only meeting format. The meeting format will provide all shareholders an equal opportunity to participate in the Annual Meeting regardless of their geographic location.

The Annual Meeting can be accessed by logging in online at https://web.lumiagm.com/220635712. Registered shareholders and duly appointed proxyholders who participate in the Annual Meeting online will be able … Continue Reading

CALGARY, Alberta, April 26, 2023 (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 certain Financial Measures and Ratios, including Adjusted EBITDA (earnings before income taxes, loss (gain) on investments and other assets, finance charges, foreign exchange, gain on asset disposals and depreciation and amortization), Funds Provided by (Used in) Operations, Net Capital … Continue Reading

CALGARY, Alberta, April 03, 2023 (GLOBE NEWSWIRE) — Precision Drilling Corporation (“Precision”) intends to release its 2023 first quarter results before the market opens on Wednesday, April 26, 2023, and has scheduled a conference call to begin at 12:00 Noon MT (2:00 p.m. ET) on the same day.

To participate in the conference call please register at the URL link below. Once registered, you will receive a dial-in number and a unique PIN, which will allow you to ask questions.

https://register.vevent.com/register/BI0f12c61ee4a84326802825fae40c640b

The call will also be webcast and can be accessed through the link below. A replay of the webcast … Continue Reading

CALGARY, Alberta, March 29, 2023 (GLOBE NEWSWIRE) —

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.

Precision Drilling Corporation (“Precision” or the “Company”) (TSX:PD; NYSE:PDS) announces today the filing of its Management Information Circular (the “Circular”) issued in connection with the 2023 Annual Meeting of Shareholders (the “Annual Meeting”). A copy of the Circular can be downloaded … Continue Reading

CALGARY, Alberta, March 28, 2023 (GLOBE NEWSWIRE) — Precision Drilling Corporation (“Precision” or the “Company”) (TSX:PD; NYSE:PDS) today announced it has released its 2022 Environmental, Social and Governance (ESG) performance data, which aligns with the Sustainability Accounting Standards Board (SASB), Task Force on Climate-related Financial Disclosures (TCFD) and Global Reporting Initiative (GRI) frameworks.

All ESG disclosure information will now be available on our interactive webpage, which will serve as the primary platform for our ESG content. This new upgraded format will allow the Company to provide accurate, timely, and recurring updates on our ESG efforts and successes.

The webpage is … Continue Reading

CALGARY, Alberta, March 06, 2023 (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”).

Precision’s 2022 Annual Report contains the audited consolidated financial statements and management’s discussion and analysis for the year ended December 31, 2022. Precision’s financial results for the year ended December 31, 2022 were previously released on February 9, 2023.

Precision’s Annual Report and Annual Information Form have been filed on the Canadian System for Electronic Document Analysis and Retrieval … Continue Reading