Day rates in the U.S. remain competitive, but PDS’s advanced rigs are likely to see margin improving.
Commercialization of the Process Automation Control-related apps will increase revenue generation potential.
Its performance in Canada has improved in Q3, although the medium-term outlook continues to be weak there.
The company is reducing debt, but its balance sheet is stillleveraged.
PDS Is Still On A Soft Ground
Precision Drilling Corporation (PDS) provides oil and natural gas drilling and related services and products. I think the company’s increased free cash flow and lower debt