Precision Drilling Corp.

CALGARY, ALBERTA--(Marketwired - Aug 7, 2014) - Precision Drilling Corp. ("Precision") (TSX:PD)(NYSE:PDS) announced today that the Ontario Court of Appeal ruled in favour of Precision's wholly owned subsidiary, reversing a decision by the Ontario Superior Court of Justice dated June 26, 2013 regarding the reassessment of Ontario income tax for the subsidiary's 2001 through 2004 taxation years. The Ontario Minister of [...]

The Board of Directors of Precision has declared a dividend on its common shares of $0.06 per common share, payable on August 20, 2014, to shareholders of record on August 8, 2014. For Canadian income tax purposes, all dividends paid by Precision on its common shares are designated as "eligible dividends", unless otherwise indicated by Precision. We recorded a net loss this quarter of $7 million, or loss per diluted share [...]

Precision announced today that to further its High Performance, High Value strategy it had entered into a strategic technology and service agreement and marketing alliance with Schlumberger, the world's leading provider of oilfield services. The agreement aims to increase the industrialization of unconventional drilling in North America through an engineered approach that utilizes Precision's Tier 1 drilling rigs and [...]