PRECISION DRILLING CORP (NYSE:PDS), Down By 14.86% ($1.80) From $12.110 After BUYINS.NET Report Predicted Stock Would Go Down D
March 21, 2012 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net , a provider of unique trading technologies, released a report on Thursday, March 1st 2012 stating that PRECISION DRILLING CORP (NYSE:PDS) was expected to go Down due to the Bearish conditions presented in the following report. Click here to view the BUYINS.NET report: http://www.buyins.net/releases/?sym=pds&id=249155
At the time this story was written, PRECISION DRILLING CORP (NYSE:PDS) is Down By $1.80 (14.86%) since the BUYINS.NET report was released.
The movement of stock prices in the days and weeks leading to and following specific fundamental or technical events may follow a predictable pattern. Many companies stock price histories show random or unpredictable movements around certain events. But some seem to repeat the same pattern quarter after quarter, year after year. We use powerful computers to uncover those events and correlations to generate predictions with high probabilities of generating very specific returns within very specific time periods.
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PRECISION DRILLING CORP (NYSE:PDS) - Precision Drilling Corporation, through its subsidiaries, provides onshore well drilling services, completion and workover services, and ancillary services to the oil and gas industry in North America and internationally. The company operates in two segments, Contract Drilling Services, and Completion and Production Services. The Contract Drilling Services segment provides land drilling, directional drilling, turnkey drilling, and camp and catering services; and procures and distributes oilfield supplies. This segment also manufactures and refurbishes drilling and service rig equipment. As of December 31, 2010, it operated 202 land drilling rigs, 150 land drilling rigs, 2 land drilling rigs in Mexico, and 1 land drilling rig in Chile, as well as operated 80 drilling camps and 2 base camps in Canada. The Completion and Production Services segment offers service rigs for well completion and workover services, snubbing services, and wastewater treatment services, as well as involves in the rental of oilfield surface equipment, tubulars, well control equipment, wellsite accommodations, and drilling camps. As of December 31, 2010, this segment operated 200 well completion and workover service rigs and 20 snubbing units in Canada; 77 wastewater treatment units and 3 potable water production units in Canada; and 1 drilling camp and 11 wellsite accommodation units in the United States, as well as provided approximately 11,050 oilfield rental items in Canada and the United States. The company was formerly known as Precision Drilling Trust and changed its name to Precision Drilling Corporation in June 2010. Precision Drilling Corporation was founded in 1951 and is headquartered in Calgary, Canada.
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