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An archived version of the webcast will be available for approximately 60 days.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

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.

CALGARY, Alberta, April 01, 2020 (GLOBE NEWSWIRE) — Precision Drilling Corporation (“Precision” or “the Company”) (TSX:PD; NYSE:PDS) announces today the filing and publication of its Management Information Circular (the “Circular”) issued in connection with the 2020 Annual and Special Meeting (the “Annual Meeting”) and its proposed share consolidation. A … Continue Reading

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.

CALGARY, Alberta, March 25, 2020 (GLOBE NEWSWIRE) — Precision Drilling Corporation (“Precision” or “the Company”) (TSX:PD; NYSE:PDS) announces that on March 24 it received formal notice of non-compliance with the New York Stock Exchange (the “NYSE”) share price continued listing standards, which require a listed common stock to maintain … Continue Reading

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.

CALGARY, Alberta, March 24, 2020 (GLOBE NEWSWIRE) — Precision Drilling Corporation (“Precision” or “the Company”) (TSX:PD; NYSE:PDS) provides a  series of announcements in response to the COVID-19 pandemic and current market conditions. These include: 1) risk mitigation and employee health plan; 2) changes to 2020 capital expenditure plan; 3) … Continue Reading

CALGARY, Alberta, March 09, 2020 (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 2019 Annual Report contains the audited consolidated financial statements and management’s discussion and analysis for the year ended December 31, 2019.  Precision’s financial results for the year ended December 31, 2019 were previously released on February 13, 2020.

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

CALGARY, Alberta, Feb. 13, 2020 (GLOBE NEWSWIRE) — (Canadian dollars except as indicated)

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 … Continue Reading