RY 173.64 -0.3672% SHOP 148.58 -0.6486% TD 82.36 -0.9263% ENB 64.21 -0.2641% BN 83.24 -1.0579% TRI 230.54 0.013% CNQ 46.58 3.4881% CP 109.8 1.4131% CNR 148.11 0.8031% BMO 143.82 0.3489% BNS 73.94 0.5029% CSU 4345.0 -1.0785% CM 90.555 -0.1158% MFC 44.31 0.113% ATD 76.82 0.0521% NGT 60.2 -0.1327% TRP 69.31 1.0939% SU 56.975 0.9658% WCN 255.98 -0.7868% L 181.13 -0.1268%
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Precision Drilling’s (TSX:PD) Net Earnings Nearly Double in Q3FY24, to CAD 39Mn
Highlights
Precision Drilling Corporation (TSX:PD) offers contract drilling and completion and production services in Canada, specifically to oil and natural gas exploration and production companies. It has a market cap of CAD 1.18 billion.
The company reported an increase in drilling rig utilization days in both the Canadian and International segments for the third quarter of 2024, (Q3FY24), compared to the previous corresponding period. Additionally, the company posted better financial results with sequentially increasing margins and cash flows.
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