This Day On The Street
Continue to site
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 Corporation CEO Discusses Q3 2010 Results - Earnings Call Transcript

Precision Drilling Corporation ( PDS)

Q3 2010 Earnings Call

October 21, 2010 2 pm ET


David Wehlmann - EVP of IR

Rob McNally - EVP & CFO

Kevin Neveu - CEO

Doug Strong - President, Completion & Production Services


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



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.

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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs