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Precision Drilling Trust (PDS)

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Last Post: 5/5/2017 3:14:08 PM - Followers: 10 - Board type: Free - Posts Today: 0

 Precision Drilling Trust

Precision Drilling Trust is Canada's largest oilfield services company, providing contract drilling, well servicing and strategic support services to customers. Precision supplies on-the-ground expertise - people, equipment and knowledge - to enable about one-third of western Canada's conventional oil and gas production.

Precision Drilling Trust (the Trust) is an open-ended investment trust.  The Trust holds a 99.82% interest in Precision Drilling Limited Partnership (PDLP), which is a limited partnership. On November 7, 2005, Precision Drilling Corporation (Precision) became a wholly owned subsidiary of PDLP. Precision amalgamated with 1195309 Alberta ULC on November 23, 2005; Live Well Service Ltd. On January 1, 2006, and Terra Water Group Ltd. (Terra) on January 1, 2007. 

Precision's operations are carried out in two segments: Contract Drilling Services, and Completion and Production Services.

On August 17, 2006, Precision acquired Terra, a privately owned wastewater treatment business operating at remote worksite locations. Terra had 41 treatment units at the time of the acquisition.

150-6th Avenue SW
Suite 4200
Calgary, AB T2P 3Y7
Canada - Map
Phone: 403-716-4500
Fax: 403-264-0251
Web Site:

Index Membership: N/A
Sector: Basic Materials
Industry: Oil & Gas Equipment & Services
Full Time Employees: NaN 


Profile and History :

Precision Drilling Ltd. was founded as a private drilling contractor in the early 1950s in the post-Leduc oil boom in western Canada and, after restructuring in the 1980s, grew to become the largest provider of oilfield services in Canada.

The roots of Precision Drilling Trust, date to 1987 with the reverse takeover of the far larger Precision Drilling Ltd. by Cypress Drilling Ltd., a company established two years earlier under the leadership of Hank Swartout.

In the next decade, Precision's fleet grew to more than 100 drilling rigs through acquisitions and rig builds. The acquisition of Kenting Energy Services in 1997 doubled Precision's fleet again to more than 200 rigs. Today, Precision operates over 240 land drilling rigs in Canada and United States.

Expansion into businesses that became Precision Well Servicing, Live Well Service and Precision Rentals began with the acquisitions of diversified oilfield services company EnServ Corp. in 1996 and CenAlta Energy Services four years later. Today, Precision operates over 235 service rigs,  30 snubbing units and provides 15,000 pieces of rental equipment.

To support its rig fleets, Precision developed complementary business lines. Precision entered the camp and catering business with the 1993 acquisition of LRG Oilfield Services and augmented its rig manufacturing and logistical support capabilities with the acquisitions of Rostel Industries in 1996 and Columbia Oilfield Supply in 1997. In 2005 Precision Corporation converted to an open-ended income trust and in 2006 Precision entered the campsite wastewater treatment business with the acquisition of Terra Water Group.

The company was founded in 1951 and is headquartered in Calgary, Canada.

Board of Directors

O/S - 125.8 ml

Current Price
Bid Ask Day's Range
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PDS News: Report of Foreign Issuer (6-k) 07/05/2017 04:13:20 PM
PDS News: Amended Registration Statement for Securities of Certain Canadian Issuers Under the Securities Act of 1933 (f-10/a) 06/20/2017 11:42:41 AM
PDS News: Amended Registration Statement for Securities of Certain Canadian Issuers Under the Securities Act of 1933 (f-10/a) 05/30/2017 05:32:04 PM
PDS News: Report of Foreign Issuer (6-k) 05/18/2017 03:23:59 PM
PDS News: Report of Foreign Issuer (6-k) 05/18/2017 06:04:29 AM
#51   Whew, rebounded. Almost had a margin call. scout19d 05/05/17 03:14:08 PM
#50   Any opinions about current price? scout19d 05/03/17 09:44:52 PM
#49   PDS bullish 5.11 stocktrademan 11/24/16 12:25:54 PM
#48   The candle stick today looks like a hammer. JoeRoganFan 07/22/16 07:09:09 PM
#47   PDS moving back up. ogbull 06/13/16 10:21:17 AM
#46   POSITIVE! ogbull 06/10/16 01:58:04 PM
#45   PDS third best land driller in customer satisfaction! ogbull 06/10/16 01:51:05 PM
#44   This is no sell off. Volume less than ogbull 06/10/16 12:29:20 PM
#43   Precision drilling modern fleet is designed for natural ogbull 06/10/16 06:17:07 AM
#42   PRECISION DRILLING TOP PICK! ogbull 06/09/16 11:05:32 AM
#41   Nat Gas just went to the moon like ogbull 06/09/16 10:41:41 AM
#40   DRILL BABY DRILL! ogbull 06/09/16 04:53:22 AM
#39   GAS DRILLING BOOM MUST COME! ogbull 06/09/16 04:06:36 AM
#38   Let's talk about a drilling boom! ogbull 06/09/16 03:31:39 AM
#37   Just took a nice stake in PDS. Here's why: ogbull 06/09/16 02:25:57 AM
#36   $PDS recent news/filings stocktrademan 03/11/16 12:22:56 PM
#35   How much lower can this go. I don't JoeRoganFan 11/07/15 02:01:46 PM
#34   So could this be the bottom. I'll wait JoeRoganFan 11/03/15 09:23:11 PM
#33   Drilling rig count drop gas finally started to Timothy Smith 07/27/15 01:10:45 PM
#32   PDS (and PTEN) also received nice mention by girlfriend 07/27/15 11:11:31 AM
#31   Scotia Bank estimates PDS’s market share in Canada Timothy Smith 07/27/15 11:05:38 AM
#30   Precision Drilling (PDS -0.9%) is upgraded to Outperform Timothy Smith 07/27/15 11:05:13 AM
#29   Starting to get back in energies in a girlfriend 07/27/15 09:45:10 AM
#28   Its nice waking up and seeing almost a JoeRoganFan 06/17/15 10:43:58 AM
#27   Is there anybody in here? JoeRoganFan 06/02/15 02:14:39 PM
#26   Nice day. JoeRoganFan 05/21/15 09:47:24 PM
#25   I don't know which way this is going, JoeRoganFan 05/14/15 12:28:47 AM
#24   Am I too late to the party? JoeRoganFan 05/04/15 09:52:57 AM
#23   BULLISSSSSSS$$$$$$$H on PDS Krisandtilly 04/06/15 01:10:33 PM
#22   Agreed: OilStockReport 06/02/11 05:43:49 PM
#21   Long Term- PDS is a beauty. wired963 05/19/10 12:37:48 PM
#20   Scanner Detects Bullish Inside Day Pattern for Precision wired963 05/19/10 12:35:59 PM
#19   I really believe that PDS will fall no wired963 05/19/10 12:33:59 PM
#18   1st post of 2010. Not a popular board. wired963 05/19/10 12:29:05 PM
#17   PDS is finally starting its climb. Asking flashman9 09/12/09 05:18:56 AM
#16   I actually bought some, I was so pissed JRyan 06/16/09 07:40:36 PM
#15   Now with the stock offering to existing shareholders flashman9 05/13/09 07:52:13 PM
#14   Open-End vs. Closed-End makesumgravy 03/04/09 11:22:49 AM
#13   Saturday, February 28, 2009 makesumgravy 02/28/09 09:27:43 AM
#12   Now who's getting drilled? makesumgravy 02/27/09 12:19:11 PM
#11   Precision Drilling Trust makesumgravy 02/27/09 12:08:30 PM
#10   Precision Drilling Trust Announces Postponement of Senior Notes makesumgravy 02/27/09 11:47:58 AM
#9   Precision Drilling Trust (the “ Trust ”) is makesumgravy 02/27/09 11:42:27 AM
#8   Merger: Precision Drilling Trust (“Precision Drilling”) and Grey makesumgravy 02/27/09 11:39:09 AM
#7 makesumgravy 02/27/09 11:37:36 AM
#6   Looking into this one, seems like moody's pulled skudaddy 01/08/09 06:18:53 PM
#5   Precision Drilling Trust & Grey Wolf, Inc. Announce Cowboy 12/16/08 07:24:38 AM
#4   cheap... P/E Ratio: 6.71 frenchee 03/09/08 01:03:51 AM
#3   PDS broke out today! See daily charts frenchee 01/11/08 07:34:02 PM
#2   Current div yield 9.98% frenchee 12/15/07 11:17:09 PM