Precision reported 2Q15 EBITDAS of $98 mm, above our estimate of $73 mm due to higher-than-expected margins in Canada and the U.S. Higher turnkey and idle-but-contracted revenue played a significantly larger role than we anticipated in the quarter which helped financial performance.
                                                
                                            
                                         
                    - 27 Jul 2015 
2Q15 Results above Expectations Due to Higher Margins
 
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2Q15 Results above Expectations Due to Higher Margins
Precision Drilling Corporation (PD:TSE) | 0 0 (-1.4%) | Mkt Cap: 1,237m
- Published: 27 Jul 2015 
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                                            Author:
                                                Ian B. Gillies 
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                                            Pages:
                                                5 
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Precision reported 2Q15 EBITDAS of $98 mm, above our estimate of $73 mm due to higher-than-expected margins in Canada and the U.S. Higher turnkey and idle-but-contracted revenue played a significantly larger role than we anticipated in the quarter which helped financial performance.
                                                
                                            
                                         
             
              
             
            