The analysis of Precision Drilling (NYSE: PDS; TSX: PD) highlights the company’s strengths, challenges, and potential opportunities as it navigates the evolving oil and gas landscape.
Precision Drilling SWOT Analysis
Precision Drilling – U.S. drilling activity decreased significantly
In the first quarter of 2024, the Precision Drilling revenue declined to $528 million from $559 million due to reduced U.S. drilling activity, while adjusted EBITDA also fell to $143 million from $203 million, impacted by higher share-based compensation charges.
Precision Drilling USA Rig Locator
Precision is the #4 drilling contractor by number with 125 active drilling rigs in North America.
