Precision Drilling Corp (NYSE:PDS)
$ 63.44 -0.68 (-1.06%) Market Cap: 894.07 Mil Enterprise Value: 1.50 Bil PE Ratio: 5.31 PB Ratio: 0.75 GF Score: 74/100

Precision Drilling Corp at JPMorgan Energy, Power & Renewables Conference Transcript

Jun 16, 2020 / 05:40PM GMT
Release Date Price: $16.47 (+1.84%)
Sean Christopher Meakim;Kevin A. Neveu
JPMorgan Chase & Co, Research Division - Senior Equity Research Analyst;Precision Drilling Corporation -

Hi, everyone. Welcome back to the JPMorgan Energy Conference. I'm Sean Meakim, JPM's oil service and equipment analyst. And I'm pleased here to welcome Kevin Neveu, Precision Drilling's President and CEO, back to the conference.

Precision's leading position in the Canadian land drilling market is supplemented by a large, high-spec U.S. fleet and a nascent and growing international footprint. The company made significant strides in the last 2 cycles upgrading its rig fleet and diversifying its geographic exposure. More recently, the focus has been on delevering the balance sheet with good success for the last 2 years as well as building out Precision's rig automation capabilities.

So Kevin, thanks for joining us today. Glad you're able to connect with us virtually. I saved the plane ticket, but good to have you here. I'll turn it over to you, and I'll come on back on later for some questions at the end.

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