This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Precision Drilling Trust Q2 2010 Earnings Call Transcript

Precision Drilling Trust (PDS)

Q2 2010 Earnings Call

July 22, 2010 02:00 pm ET

Executives

David Wehlmann - EVP, IR

Doug Strong - President, Completion and Production Services

Kevin Neveu - President and CEO

Gene Stahl - President, Drilling Operations

Analysts

John Daniel - Simmons & Company

Mike Urban - Deutsche Bank

Victor Marchon - RBC Capital Markets

Kevin Lo - FirstEnergy

Dana Benner - Stifel Nicolaus

Mike Mazar - BMO Capital Markets

Roger Serin - TD Securities

John Tasdemir - Canaccord Adams

Jeff Fetterly - CIBC World Markets

Jeff Mochoruk - Cormark Securities

Brian Purdy - National Bank Financial

Todd Garman - Peters & Company

Mike Clark - Star Capital

Presentation

Operator

Good afternoon ladies and gentlemen and welcome to the Precision Drilling Corporation Second Quarter 2010 Conference Call and webcast. I would now like to turn the meeting over to Mr. David Wehlmann, Executive Vice President, Investor Relations. Please go ahead.

David Wehlmann

Thank you. Good afternoon everyone. I’d also like to welcome you to Precision Drilling Corporation second quarter 2010 conference call and webcast. Participating today on the call with me are Kevin Neveu, our Chief Executive Officer and Doug Strong, our President of Completion and Production Services.

Also with us here today is Gene Stahl, the President of our Drilling and Operations and our new Executive Vice President and Chief Financial Officer, Rob McNally. Due to news releases earlier today, Precision Drilling Corporation reported on the second quarter 2010 results.

Please note that the financial figures are in Canadian Dollars unless otherwise indicated. Some of our comments today will refer to non-GAAP measures such as EBITDA and operating earnings.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
PDS $7.11 -3.13%
AAPL $132.54 0.88%
FB $80.54 0.07%
GOOG $540.11 -0.44%
TSLA $247.73 0.86%

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs