Tag: Oil Drilling Rigs

Precision Drilling suspends dividend, says Q4 loss more than doubled

Precision Drilling capital spending $72 million less than announced in revised Oct. plan CALGARY _ Precision Drilling Corp. (TSX:PD) says uses of its rigs was cut by more than half in Canada and the United States in the fourth quarter compared with a year earlier, resulting in less cash from operations and a bigger loss. […]