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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.

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