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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
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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

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