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Precision Beats Estimates on Soaring Profits

The company s adjusted EBITDA for the quarter was $112.38 million (CAD 151.2 million), up 66 percent compared to $67.71 million (CAD 91.1 million) in the c.

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Precision Boosts Revenue on Higher Drilling Rates

The Calgary-based company s revenue increased 4.1 percent to $322.97 million (CAD 446.7 million) year over year.

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Precision Drilling Expands in US, Canada with CWC Energy Services Acquisition

Precision Drilling Corp. is expanding its U.S. and Canadian drilling fleet by acquiring fellow Calgary player CWC Energy Services.

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Precision Drilling to Acquire CWC Energy for $141MM

With the transaction, Precision adds 62 marketed service rigs and seven marketed drilling rigs in Canada and 11 marketed drilling rigs in the USA.

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