NanooGeek

What's Driving Precision Drilling Trust Into the Ground?

... if PDS were a US firm, it might have been eligible for a below-market loan backed by the FDIC, As Deere and Morgan Stanley each got yesterday. Mere drops in the bailout bucket, at $2B each, given bailout funds committed are already over $3T, of a maximum approaching $8T.

Bloomberg has dredged up a lot of the high-level details, though the Fed has stonewalled on some particulars. See:
Bloomberg.com/apps/dat...

What's Driving Precision Drilling Trust Into the Ground?

PDS recently announced an "in-kind" distribution, 'xplained as truing up the shares, or somesuch... which is likely to have tax consequences for ALL unitholders.