Brief: Precision Drilling Says Co Reduced Total Debt By $152 Mln in 2023

Precision Drilling(Calgary)

05/01/2024 11:23

Jan 5 (Reuters) - Precision Drilling Corp  PD.TO :
    * PRECISION DRILLING MEETS 2023 DEBT REPAYMENT AND SHARE
REPURCHASE TARGETS AND PROVIDES CAPITAL ALLOCATION, FINANCIAL
AND OPERATIONAL UPDATES
    * PRECISION DRILLING CORP - PRECISION REDUCED TOTAL DEBT BY
$152
MILLION IN 2023, MEETING ITS DEBT REDUCTION GOAL
    * PRECISION DRILLING CORP - WELL ON TRACK TO EXCEED ITS
LONG-TERM
DEBT REDUCTION TARGET OF REPAYING $500 MILLION BETWEEN 2022 AND
2025
    * PRECISION DRILLING CORP - Q4 DRILLING FIELD MARGINS IN
CANADA
AND U.S. ARE EXPECTED TO ALIGN WITH PREVIOUS GUIDANCE
    * PRECISION DRILLING CORP - EXPECT TO RECOGNIZE A NON-CASH
ASSET
DECOMMISSIONING CHARGE OF APPROXIMATELY $11 MILLION IN 2023

Source text for Eikon:  ID:nGNX3PnCTF 
Further company coverage:  PD.TO 

 ((Reuters.Briefs@thomsonreuters.com;))