Page 47 - Precision Drilling News Today

U.S. Rig Count Inches Higher on Gains in Natural Gas Activity Buoyed by growth in the natural gas patch, the U.S. rig count inched higher during the week ended Friday (April 30), adding two units to reach 440, according to the latest tally from oilfield services provider Baker Hughes Co. (BKR). Two natural gas-directed rigs were added in the United States during the week, along with one miscellaneous unit. Those gains offset the departure of one oil-directed rig overall, according to the BKR nu...

Precision’s U.S., Canada Contract Drilling Escalating Quickly as Outlook ‘Substantially improved’ U.S. drilling activity has improved “a little faster than we expected,” with more customers opting to activate rigs using natural gas and blended gas systems, Precision Drilling Corp. CEO Kevin Neveu said last week.  Sharing a microphone with his management team, Neveu held court last Thursday to discuss the Calgary-based operator’s performance in the first quarter. In a few short week...

Markets According to TipRanks.com, Bradford is ranked #7329 out of 7467 analysts. Precision Drilling has an analyst consensus of Moderate Buy, with a price target consensus of $34.73, a 35.3% upside from current levels. In a report issued on April 15, National Bank also upgraded the stock to Buy with a C$40.00 price target. Precision Drilling’s market cap is currently $338.5M and has a P/E ratio of -3.90. The company has a Price to Book ratio of 0.32. TipRanks has tracked 36,000 company insid...

Markets In a report released today, Keith Mackey from RBC Capital maintained a Buy rating on Precision Drilling (PDS – Research Report), with a price target of C$44.00. The company’s shares closed last Friday at $25.03, close to its 52-week high of $28.82. According to TipRanks.com, Mackey is ranked #1840 out of 7467 analysts. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Precision Drilling with a $34.71 average price target, representing a 35.3% u...

Markets Continental Aktiengesellschaft (CTTAF) Jefferies analyst Sascha Gommel maintained a Buy rating on Continental Aktiengesellschaft today and set a price target of EUR155.00. The company’s shares closed last Friday at $144.17. Gommel has an average return of 29.6% when recommending Continental Aktiengesellschaft. According to TipRanks.com, Gommel is ranked #2142 out of 7467 analysts. Continental Aktiengesellschaft has an analyst consensus of Moderate Buy, with a price target consensus ...

Canada joins U.S. in creating Net-Zero Producers Forum to reduce GHG emissions Natural Resources Minister Seamus ORegan responds to a question during Question Period in the House of Commons in Ottawa on February 17, 2020. O’Regan says Canada will join the United States in establishing a platform for oil and gas producing countries to discuss how the sector can support implementing the Paris Agreement on climate change and achieving net-zero emissions by 2050. THE CANADIAN P...

Canada joins U.S. in creating Net-Zero Producers Forum to reduce GHG emissions © Provided by The Canadian Press CALGARY — Natural Resources Minister Seamus O’Regan says Canada will join the U.S. in establishing a platform for oil and gas producing countries to figure out how the sector can support implementing the Paris agreement on climate change and achieving net-zero emissions by 2050. Dubbed the Net-Zero Producers Forum, it is intended to develop emission reduction strategies and woul...

The Daily Chase: Feud over K.C. Southern intensifies; BoC puts borrowers on notice VIDEO SIGN OUT Let there be no mistake: the gloves are off in the battle for control of Kansas City Southern. In a conference call brought to us by the word “truth” yesterday, Canadian Pacific Railway CEO Keith Creel virtually bypassed the latest quarterly results in favour of a full-throttled takedown of the rival proposal from Canadian National -- which, in his mind, amounts to “fantasy ...

Oil patch faces skilled labour shortage as rig activity ramps up VIDEO SIGN OUT As energy prices climb, the oil patch is getting back to work.  The Canadian Association of Oilwell Drilling Contractors (CAODC) says rig activity is already higher than it previously anticipated for the first quarter of this year. The increase in activity is bringing with it another issue: concerns over finding sufficient skilled workers.  “I’ve talked to a handful of contractors in the past c...

Oil patch faces skilled labour shortage as rig activity ramps up VIDEO SIGN OUT As energy prices climb, the oil patch is getting back to work.  The Canadian Association of Oilwell Drilling Contractors (CAODC) says rig activity is already higher than it previously anticipated for the first quarter of this year. The increase in activity is bringing with it another issue: concerns over finding sufficient skilled workers.  “I’ve talked to a handful of contractors in the past c...