RE:PD cheapGriz_Online wrote: They should take that 20mm and start a NCIB to buy some cheap shares.
Precision Drilling terminates agreement with Trinidad
2018-11-27 15:39 ET - News Release
Mr. Carey Ford reports
PRECISION DRILLING TERMINATES ARRANGEMENT AGREEMENT WITH TRINIDAD DRILLING REQUIRING PAYMENT OF TERMINATION FEE FOLLOWING ENSIGN TAKE-UP
Precision Drilling Corp. has terminated the arrangement agreement dated Oct. 5, 2018, with Trinidad Drilling Ltd. following the announcement by Ensign Energy Services Inc. that it had taken up 56.38 per cent of the outstanding common shares of Trinidad pursuant to its unsolicited offer to purchase and takeover bid circular. Accordingly, payment of the termination fee in the amount of $20-million is now due and payable to Precision in accordance with the arrangement agreement.