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Precision Drilling Corp T.PD

Alternate Symbol(s):  PDS

Precision Drilling Inc is a Canada-based drilling company. The Company is engaged in the exploration and production of oil and natural gas. Its services include North American drilling, international drilling, oilfield equipment rentals, camp & catering services. The Company technology includes AlphaAutomation, AlphaApps, AlphaAnalytics and EverGreen.


TSX:PD - Post by User

Post by JohnSPon Jan 07, 2022 8:29pm
308 Views
Post# 34295290

Precision Jan 6 PR - Updates

Precision Jan 6 PR - UpdatesPrecision issued a PR on Jan 6, 2022 awkwardly titled "PRECISION DRILLING INTRODUCES CAPITAL ALLOCATION FRAMEWORK THROUGH 2025 AND PROVIDES BALANCE SHEET AND OPERATIONAL UPDATES"

https://www.precisiondrilling.com/investor-relations/press-releases/press-release-details/2022/Precision-Drilling-Introduces-Capital-Allocation-Framework-Through-2025-and-Provides-Balance-Sheet-and-Operational-Updates/default.aspx

In there Precision says: "In addition to debt reduction targets through 2025, Precision plans to allocate 10% to 20% of free cash flow before debt principal repayments toward the return of capital to shareholders."

So on horizon for us shareholders are either:
1) a new NCIB Share Buyback (small one ended Feb 2021), or
2) Special Dividend, or
3) re-instatement of an quarterly Dividend (stopped in 2015).

All good by me.
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