Finance & accounting
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Rig Contractor Precision Drilling Suspends Dividend
- February 26, 2016
- Posted by: admin
- Category: Finance & accounting, International
1 Comment
Feb 11 (Reuters) – Canadian rig contractor Precision Drilling Corp suspended its dividend payments as the company looks to boost its finances to cope with a 70 percent fall in oil prices, which has hurt demand for its onshore rigs. The company’s net loss widened to C$271 million ($194 million), or 93 Canadian cents per