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Precision Drilling Corporation (PD) - Financial and Strategic SWOT Analysis Review provides you an in-depth strategic SWOT analysis of the company’s businesses and operations. The profile has been compiled by GlobalData to bring to you a clear and an unbiased view of the company’s key strengths and weaknesses and the potential opportunities and threats. The profile helps you formulate strategies that augment your business by enabling you to understand your partners, customers and competitors better.The profile contains critical company information including:- Business description – A detailed description of the company’s operations and business divisions.- Corporate strategy – Analyst’s summarization of the company’s business strategy.- SWOT Analysis – A detailed analysis of the company’s strengths, weakness, opportunities and threats.- Company history – Progression of key events associated with the company.- Major products and services – A list of major products, services and brands of the company.- Key competitors – A list of key competitors to the company.- Key employees – A list of the key executives of the company.- Executive biographies – A brief summary of the executives’ employment history.- Key operational heads – A list of personnel heading key departments/functions.- Important locations and subsidiaries – A list and contact details of key locations and subsidiaries of the company.- Detailed financial ratios for the past five years – The latest financial ratios derived from the annual financial statements published by the company with 5 years history.- Interim ratios for the last five interim periods – The latest financial ratios derived from the quarterly/semi-annual financial statements published by the company for 5 interims history.HighlightsPrecision Drilling Corporation (Precision) is one of the leading oilfield services company in North America. It offers contract drilling, well servicing and other support services to oil and natural gas exploration and production companies. It provides land drilling services, directional drilling services, camp and catering services. Precision also involves in procurement and distribution of oilfield supplies and the manufacture and refurbishment of drilling and service rig equipment. It offers service rig well completion and workover services, snubbing services and waste water treatment services. The company, together with its subsidiaries and representative offices operates in various countries. Precision is headquartered in Calgary, Alberta, Canada.Precision Drilling Corporation Key Recent DevelopmentsApr 27, 2015: Precision Drilling Announces 2015 Second Quarter Dividend, 2015 First Quarter Financial ResultsMar 05, 2015: Precision Drilling Announces Supreme Court Of Canada Denies Leave To Appeal Decision By The Ontario Court Of AppealFeb 12, 2015: Precision Drilling Announces 2015 First Quarter Dividend, 2014 Fourth Quarter And Year End Financial ResultsDec 10, 2013: Precision Drilling Corporation Announces 2014 Capital Expenditure PlanDec 05, 2013: Precision Drilling Corporation Statement on Recent Trading ActivityKey benefits of buying this profile include:You get detailed information about the company and its operations to identify potential customers and suppliers.- The profile analyzes the company’s business structure, operations, major products and services, prospects, locations and subsidiaries, key executives and their biographies and key competitors.Understand and respond to your competitors’ business structure and strategies, and capitalize on their weaknesses. Stay up to date on the major developments affecting the company.- The company’s core strengths and weaknesses and areas of development or decline are analyzed and presented in the profile objectively. Recent developments in the company covered in the profile help you track important events.Equip yourself with information that enables you to sharpen your strategies and transform your operations profitably.- Opportunities that the company can explore and exploit are sized up and its growth potential assessed in the profile. Competitive and/or technological threats are highlighted.Scout for potential investments and acquisition targets, with detailed insight into the companies’ strategic, financial and operational performance.- Financial ratio presented for major public companies in the profile include the revenue trends, profitability, growth, margins and returns, liquidity and leverage, financial position and efficiency ratios.Gain key insights into the company for academic or business research.- Key elements such as SWOT analysis, corporate strategy and financial ratios and charts are incorporated in the profile to assist your academic or business research needs.Note: Some sections may be missing if data is unavailable for the company
Table of ContentsTable of Contents 2List of Tables 4List of Figures 5Section 1 - About the Company 6Precision Drilling Corporation - Key Facts 6Precision Drilling Corporation - Key Employees 7Precision Drilling Corporation - Key Employee Biographies 8Precision Drilling Corporation - Major Products and Services 9Precision Drilling Corporation - History 10Precision Drilling Corporation - Company Statement 13Precision Drilling Corporation - Locations And Subsidiaries 15Head Office 15Other Locations & Subsidiaries 15Section 2 – Company Analysis 16Precision Drilling Corporation - Business Description 16Precision Drilling Corporation - Corporate Strategy 17Precision Drilling Corporation - SWOT Analysis 18SWOT Analysis - Overview 18Precision Drilling Corporation - Strengths 18Strength - Efficient Business Model 18Strength - Market Position 18Strength - Services Portfolio 18Precision Drilling Corporation - Weaknesses 19Weakness - Declining Operational Performance 19Precision Drilling Corporation - Opportunities 20Opportunity - Long-Term Upstream Investments 20Opportunity - Positive Outlook in the US Shale Gas Market 20Opportunity - Strategic Alliance with Schlumberger 20Precision Drilling Corporation - Threats 21Threat - Intense Competition 21Threat - Declining Oil Prices 21Threat - Risks in International Business Operations 21Precision Drilling Corporation - Key Competitors 22Section 3 – Company Financial Ratios 23Financial Ratios - Capital Market Ratios 23Financial Ratios - Annual Ratios 24Performance Chart 26Financial Performance 26Financial Ratios - Interim Ratios 27Financial Ratios - Ratio Charts 28Section 4 – Company’s Oil & Gas Financial Deals and Alliances 29Precision Drilling Corporation, Oil & Gas, Deals By Year, 2009 to YTD 2015 29Precision Drilling Corporation, Oil & Gas, Deals By Type, 2009 to YTD 2015 30Precision Drilling Corporation, Recent Deals Summary 31Section 5 – Company’s Recent Developments 32Apr 27, 2015: Precision Drilling Announces 2015 Second Quarter Dividend, 2015 First Quarter Financial Results 32Mar 05, 2015: Precision Drilling Announces Supreme Court Of Canada Denies Leave To Appeal Decision By The Ontario Court Of Appeal 39Feb 12, 2015: Precision Drilling Announces 2015 First Quarter Dividend, 2014 Fourth Quarter And Year End Financial Results 40Dec 22, 2014: Precision Drilling Announces Management Change 42Dec 08, 2014: Precision Drilling Announces 2015 Capital Expenditure Plan And Asset Divestiture 43Oct 27, 2014: Precision Drilling Announces Increase to the 2014 Fourth Quarter Dividend and 2014 Third Quarter Financial Results 46Aug 07, 2014: Precision Drilling Announces Favourable Ruling On Ontario Tax Appeal 54Jul 24, 2014: Precision Drilling Announces 2014 Third Quarter Dividend and 2014 Second Quarter Financial Results 55Jul 16, 2014: Precision Drilling Announces Strategic Technology and Service Agreement & Marketing Alliance With Schlumberger 57Apr 28, 2014: Precision Drilling Announces 2014 Second Quarter Dividend and 2014 First Quarter Financial Results 58Section 6 – Appendix 66Methodology 66Ratio Definitions 66About GlobalData 70Contact Us 70Disclaimer 70List of TablesPrecision Drilling Corporation, Key Facts 6Precision Drilling Corporation, Key Employees 7Precision Drilling Corporation, Key Employee Biographies 8Precision Drilling Corporation, Major Products and Services 9Precision Drilling Corporation, History 10Precision Drilling Corporation, Subsidiaries 15Precision Drilling Corporation, Key Competitors 22Precision Drilling Corporation, Ratios based on current share price 23Precision Drilling Corporation, Annual Ratios 24Precision Drilling Corporation, Interim Ratios 27Precision Drilling Corporation, Oil & Gas, Deals By Year, 2009 to YTD 2015 29Precision Drilling Corporation, Oil & Gas, Deals By Type, 2009 to YTD 2015 30Precision Drilling Corporation, Recent Deals Summary 31Currency Codes 66Units 66Capital Market Ratios 66Equity Ratios 67Profitability Ratios 67Cost Ratios 68Liquidity Ratios 68Leverage Ratios 69Efficiency Ratios 69List of FiguresPrecision Drilling Corporation, Performance Chart (2010 - 2014) 26Precision Drilling Corporation, Ratio Charts 28Precision Drilling Corporation, Oil & Gas, Deals By Year, 2009 to YTD 2015 29Precision Drilling Corporation, Oil & Gas, Deals by Type, 2009 to YTD 2015 30