- Precision Drilling has received approval from the TSX to extend its normal course issuer bid for another year
- The company has been authorized to acquire up to a maximum of 1,317,158 common shares for cancellation
- The company may purchase up to a current daily maximum of 35,942 shares
- The renewed NCIB will terminate no later than August 26, 2022
- Under its current NCIB ending August 26, 2021, the company has purchased 420,550 common shares at an average price of C$24.62 per share
- Precision is a leading provider of services to the energy industry
- Precision Drilling Corporation (PD) opened trading at C$37.23 per share
Precision Drilling Corporation (PD) has received approval from the Toronto Stock Exchange to renew its normal course issuer bid.
Precision Drilling has been authorized by the TSX to acquire up to a maximum of 1,317,158 common shares for cancellation. Purchases under the NCIB may commence on August 27, 2021, and will terminate no later than August 26, 2022.
Purchases under the NCIB will be made through the facilities of the TSX and the NYSE at a price representative of the market price at the time of acquisition.
The company may purchase up to a current daily maximum of 35,942 shares. All common shares purchased under the NCIB will be cancelled after their purchase.
Under its current NCIB for the period of August 27, 2020, to August 26, 2021, the company has purchased 420,550 common shares at a weighted average purchase price of C$24.62 per share.
Precision is a leading provider of services to the energy industry. Precision offers well service rigs, camps and rental equipment all backed by technical support services and skilled, experienced personnel.
Precision Drilling Corporation (PD) opened trading at C$37.23 per share.