🤑 It doesn’t get more affordable. Grab this 60% OFF Black Friday offer before it disappears…CLAIM SALE

BRIEF-Precision Drilling reports 2015 Q4 financial results

Published 2016-02-11, 06:11 a/m
© Reuters.  BRIEF-Precision Drilling reports 2015 Q4 financial results
PD
-

Feb 11 (Reuters) - Precision Drilling Corp PD.TO :
* Announces 2015 fourth quarter financial results
* Q4 loss per share C$0.93
* Q4 earnings per share view c$-0.14 -- Thomson Reuters I/B/E/S
* Q4 revenue C$345 million million versus C$619 million last year
* Says effective immediately, Precision is suspending its dividend
* Substantially reduced capital spending during Q4 with permanent reductions
that strengthened our cash position and total liquidity
* Capital spending in 2016 is expected to be $202 million
* Planned capital expenditures for 2016 are now $202 million, up from the third
quarter 2015 press release of $180 million
* Says 2016 capital includes expenditures to complete the two international
new-build rigs announced in 2015

* Source text for Eikon Further company coverage PD.TO

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.