Precision Drilling (TSE:PD) has released an update.
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Precision Drilling Corporation reported robust financial results for Q2 2024, with significant revenue growth in Canada and internationally. The company showcased strong cash flow generation, allowing for substantial debt reduction, increased cash reserves, and shareholder returns through share buybacks. Precision expressed confidence in maintaining this momentum, bolstered by favorable Canadian market conditions and positive projections for U.S. drilling activity.
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