Precision Drilling Launches Share Buyback Plan

Precision Drilling (TSE:PD) has released an update.

Precision Drilling Corporation has announced its approval by the Toronto Stock Exchange to buy back up to 10% of its public float shares, aiming to enhance shareholder value. The buyback program, which will commence on September 19, 2024, and conclude by September 18, 2025, allows for the repurchase and cancellation of up to 1,359,108 Common Shares using the company’s available resources. Precision Drilling is a prominent energy service provider known for its high-performance drilling and has adopted an automatic securities purchase plan to facilitate the buyback process.

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