PDS To Consolidate Operations
The downturn in the completion markets forced Precision Drilling Corporation (PDS) to downsize its rig fleet significantly in the past year. Although pricing can remain stable, the drilling activity won't improve in the first half of 2020. I do not think the company's returns will improve in the short-term.
Just before the start of 2020, the natural gas liquids plays of Montney and Duvernay in Canada started to see some activity coming back. The company will look to generate additional revenue through the commercialization of the technology-based apps. It