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Precision Drilling Corporation CEO Discusses Q3 2010 Results - Earnings Call Transcript

Precision Drilling Corporation ( PDS)

Q3 2010 Earnings Call

October 21, 2010 2 pm ET

Executives

David Wehlmann - EVP of IR

Rob McNally - EVP & CFO

Kevin Neveu - CEO

Doug Strong - President, Completion & Production Services

Analysts

Kevin Lo - FirstEnergy

Nima Billou - Bloom Investment

Mike Urban - Deutsche Bank

Dana Benner - Stifel Nicolaus

John Daniel - Simmons & Company

John Daniel - Simmons & Company

John Tasdemir - Canaccord Genuity

Roger Serin - TD Securities

Brian Purdy - National Bank Financials

Andrew Bradford - Raymond James

Victor Marchand - RBC Capital Markets

Jim Cantrell - Barclays

Jeff Mochoruk - Cormark Securities

Todd Garman - Peter's & Company

Presentation

Operator

Good afternoon ladies and gentlemen and welcome to the Precision Drilling Corporation third quarter 2010 conference call and webcast. I would now like to turn the meeting over to Mr. David Wehlmann, Executive Vice President of Investor Relations. Please go ahead, sir.

David Wehlmann

Thank you. Good afternoon, everyone. I would also like to welcome you to Precision Drilling Corporation's third quarter 2010 conference call and webcast. Participating today on the call with me are Kevin Neveu, our Chief Executive Officer; Doug Strong, our President of Completion and Production Services; and Rob McNally our Executive Vice President and Chief Financial Officer.

Through the news release earlier today Precision Drilling Corporation reported on third quarter 2010 results. Please note that the financial figures are in Canadian dollars unless otherwise indicated. Some of the comments today will refer to non-GAAP measures such as EBITDA and operating earnings. Please see our press release for additional disclosure on these non-GAAP measures.

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