Cathedral Energy Services and Precision Drilling Announce Business Transaction, Strategic Alliance and Newly Appointed Board Member
Precision Drilling Corporation (PDS)
Last precision drilling corporation earnings: 4/30 06:00 am
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US:NYSE Investor Relations:
precisiondrilling.com/investor-relations/default.aspx
Company Research
Source: GlobeNewswire
CALGARY, Alberta, July 23, 2021 (GLOBE NEWSWIRE) -- Cathedral Energy Services Ltd. (TSX:CET) (“Cathedral”) and Precision Drilling Corporation (TSX: PD, NYSE: PDS) (“Precision”) are pleased to announce the closing of Cathedral’s acquisition of Precision’s directional drilling business (the “Transaction”) for a purchase price of $6,350,000. The Transaction includes operating assets and personnel of Precision’s directional drilling business (including its operations facility in Nisku, Alberta), along with an additional $3 million cash investment by Precision to support growth and expansion of Cathedral, including continuing the buildout of RapidFireTM measurement-while-drilling guidance systems and nDuranceTM drilling motors. Additionally, the Transaction is expected to enhance margins as expenses related to rental equipment used by Precision are replaced with proprietary Cathedral tools. As part of the Transaction, Cathedral and Precision have entered into a strategic marketing all
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News
- Earnings Preview: Precision Drilling (PDS) Q1 Earnings Expected to Decline [Yahoo! Finance]Yahoo! Finance
- Monday's analyst upgrades and downgrades [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Precision Drilling Corporation Announces Filing of Management Information Circular, Virtual-Only Annual and Special Meeting of Shareholders, and 2023 ESG Performance Data [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Precision Drilling Corporation Announces Filing of Management Information Circular, Virtual-Only Annual and Special Meeting of Shareholders, and 2023 ESG Performance DataGlobeNewswire
- Returns Are Gaining Momentum At Precision Drilling (TSE:PD) [Yahoo! Finance]Yahoo! Finance
PDS
Earnings
- 2/6/24 - Beat
PDS
Sec Filings
- 4/3/24 - Form 6-K
- 4/3/24 - Form 6-K
- 4/3/24 - Form 6-K
- PDS's page on the SEC website