Wikio - Precision Drilling

Precision Drilling's Acquisition of Grey Wolf a Smart Move (Seeking Alpha)

Wed, 27 Aug 2008 08:10:05 GMT

FP Trading Desk submits: While the merger of Precision Drilling Trust (PDS) and Grey Wolf Inc. (GW) is dilutive to Precision earnings, Peters & Co. analyst Todd Garman says the deal is still a good one for the Calgary-based energy services firm. In a note to clients, Mr. Garman said: Complete Story »

Source : Seeking Alpha (subscribe)

Explore : Exploration and Equipment, Grey Wolf

Precision Drilling Snaps Up Grey Wolf: A Smart Acquisition and Good Income Too (SeekingAlpha Energy Stocks)

Tue, 26 Aug 2008 10:19:58 GMT

Marc Courtenay submits: If you're like me, you appreciate a smart acquisition by a publicly-traded company. I like the oil services sector a lot, and I especially like the ones that pay fat dividends to shareholders. It's just been announced that Precision Drilling Trust (PDS) which provides contract drilling, and completion and production services to oil and natural gas exploration...

Source : SeekingAlpha Energy Stocks (subscribe)

Explore : Exploration and Equipment, Grey Wolf

Precision bets on natural gas with Wolf deal (atHome Top Story)

Tue, 26 Aug 2008 08:30:00 GMT

Precision Drilling Trust, Canada's biggest oil and gas rig operator, will buy U.S.-based Grey Wolf Inc. in a $2 billion (U.S.) deal aimed at locking up business in hot unconventional prospects from southern Texas to northeastern British Columbia.

Source : atHome Top Story (subscribe)

Explore : Canada, Energy and Water, Exploration and Equipment, Gas, Texas

Precision Drilling raises profile with Grey Wolf deal (Houston Chronicle)

Tue, 26 Aug 2008 05:30:00 GMT

Canada's largest oil field services company is poised to become a much bigger player in the U.S. land drilling market with its $2 billion cash and stock deal Monday to buy Houston's Grey Wolf.

Source : Houston Chronicle (subscribe)

Explore : Business, Canada, Exploration and Equipment, Grey Wolf

Grey Wolf Shareholders Deserve Better Buyout Offer (Seeking Alpha)

Tue, 26 Aug 2008 04:16:31 GMT

Ockham Research submits: Sunday brought news that Precision Drilling Trust (PDS) would make another attempt to acquire Grey Wolf, Inc. (GW) for approximately $2 billion. There have been a flurry of rumors and bids for Grey Wolf since it put itself up for sale. Having already rejected three previous bids from Precision Drilling, why would GW shareholders accept this deal...

Source : Seeking Alpha (subscribe)

Explore : China, Exploration and Equipment, Grey Wolf

Precision tracks down a deal for Grey Wolf (Financial Time)

Tue, 26 Aug 2008 02:00:00 GMT

Canada's Precision Drilling has successfully ended a two-month pursuit of Grey Wolf of Houston with an agreed $2bn cash-and-shares offer that will create one of North...

Source : Financial Time (subscribe)

Explore : Canada, Exploration and Equipment, Grey Wolf

Canada driller buys Texas company (Big News Network.com)

Tue, 26 Aug 2008 00:50:45 GMT

Canada\'s Precision Drilling will buy Grey Wolf of Texas in a cash and stock deal worth more than US$2 billion.

Source : Big News Network.com (subscribe)

Explore : Arlington, Canada, Exploration and Equipment, Grey Wolf, Texas

Winners & Losers: Broadcom Shares Taken Down on AMD Deal; Lehman Gives Back Gains; Noven Falls (World of stocks)

Mon, 25 Aug 2008 21:55:00 GMT

TheStreet.com Winners & Losers Tech Winners & Losers: Broadcom Financial Winners & Losers: Lehman 8/25/2008 12:44 PM EDT Health Winners & Losers: Noven 8/25/2008 3:47 PM EDT Precision Drilling to Buy Grey Wolf 8/25/2008 3:45 PM EDT Failed Missouri Bank's Branches Reopen Citizens Bank and Trust, of Chillicothe, Mo., acquired the FDIC-insured deposits and bought $85.5 million of Columbian...

Source : World of stocks (subscribe)

Explore : Broadcom, Exploration and Equipment, Hardware, Integrated Circuits, Missouri

After the Bell: Stocks Finish With Losses; Consonus IPO Has Too Many Cons; Precision Drilling to Buy Grey Wolf (World of stocks)

Mon, 25 Aug 2008 21:35:00 GMT

TheStreet.com After the Bell Extreme Stocks: Spiders and Homes U.S. Stocks Finish With Deep Losses 8/25/2008 4:16 PM EDT Crude Oil Edges Back Above $115 8/25/2008 4:25 PM EDT Consonus IPO Has Too Many Cons 8/25/2008 1:14 PM EDT Precision Drilling to Buy Grey Wolf The deal is worth roughly $2 billion. 8/25/2008 3:45 PM EDT Failed Missouri Bank's Branches Reopen Citizens Bank and Trust,...

Source : World of stocks (subscribe)

Explore : Exploration and Equipment, Grey Wolf, IPOs

Precision Drilling to Buy Grey Wolf (The Street)

twocents@thestreet.com (TSC Staff) — Mon, 25 Aug 2008 19:48:00 GMT

The deal is worth roughly $2 billion.

Source : The Street (subscribe)

Explore : Exploration and Equipment, Finance, Grey Wolf

Movers roundup: Precision Drilling, AMD (Boston Globe)

Mon, 25 Aug 2008 18:28:00 GMT

Shares of Canada's Precision Drilling Trust dropped Monday after it announced it would buy Houston-based gas driller Grey Wolf Inc. in a cash and stock deal worth more than $2 billion.

Source : Boston Globe (subscribe)

Explore : AMD, Canada, Exploration and Equipment, Grey Wolf, Technology

AIG, Precision Drilling, AMD are big movers (The Washington Times)

Mon, 25 Aug 2008 18:08:59 GMT

Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:

Source : The Washington Times (subscribe)

Explore : Business, Finance, Hardware, Markets, Stocks

MarketWatch First Take: Investors bring little joy to Grey Wolf takeover (Market Watch)

Mon, 25 Aug 2008 17:54:00 GMT

Precision Drilling, Canada’s biggest oil-and-gas drilling company, has been hankering for a bigger piece of the action in the United States for quite a while.

Source : Market Watch (subscribe)

Explore : Canada, Energy and Water, Exploration and Equipment, Finance, Grey Wolf

Canadian Drilling Company Buys U.S. Rival (News & Information)

Mon, 25 Aug 2008 13:04:13 GMT

Precision Drilling Trust will buy Grey Wolf for $2 billion in cash and stock, creating one of the largest North American oil and gas rig operators, the companies said Monday. …Read more

Source : News & Information (subscribe)

Explore : Exploration and Equipment, Grey Wolf

Precision Drilling to buy peer Grey Wolf (Business Spectator)

Mon, 25 Aug 2008 12:45:30 GMT

The merged companies will have a combined fleet of 371 drilling rigs and 229 service rigs and will provide camp and catering, procurement, rig manufacturing and repair, wastewater treatment and a turnkey drilling business.

Source : Business Spectator (subscribe)

Explore : Exploration and Equipment, Grey Wolf

Precision Drilling Trust to buy Grey Wolf (Miami Herald)

Mon, 25 Aug 2008 12:38:50 GMT

Canadian oil and natural gas driller Precision Drilling Trust is buying Houston-based gas driller Grey Wolf for $2.02 billion.

Source : Miami Herald (subscribe)

Explore : Exploration and Equipment, Gas, Grey Wolf

Canadian oil and gas driller Precision Drilling to buy Grey Wolf for $2.02B in stock and cash (Star Tribune)

Mon, 25 Aug 2008 11:55:09 GMT

Grey Wolf shareholders will receive $5 cash and 0.1883 newly issued Precision trust units for each Grey Wolf common share held. The deal marks a 4.5 percent increase in the amount of units offered since Precision's last bid.

Source : Star Tribune (subscribe)

Explore : Business, Exploration and Equipment, Grey Wolf

Precision Drilling Trust to buy Grey Wolf (The Washington Times)

Mon, 25 Aug 2008 11:52:57 GMT

Canadian oil and natural gas driller Precision Drilling Trust is buying Houston-based gas driller Grey Wolf for $2.02 billion.

Source : The Washington Times (subscribe)

Explore : Business, Exploration and Equipment, Gas, Grey Wolf

Precision Drilling to buy Grey Wolf in stock and cash deal (Market Watch)

Mon, 25 Aug 2008 11:02:29 GMT

This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.

Source : Market Watch (subscribe)

Explore : Exploration and Equipment, Grey Wolf, Markets

Precision Drilling Trust and Grey Wolf, Inc. Announce Definitive Merger Agreement (Business Wire)

Mon, 25 Aug 2008 11:00:00 GMT

CALGARY, Alberta & HOUSTON--(BUSINESS WIRE)--Precision Drilling Trust (“Precision”) (TSX:PD.UN) (NYSE:PDS) and Grey Wolf, Inc.

Source : Business Wire (subscribe)

Explore : Alberta, Energy and Water, Exploration and Equipment, Grey Wolf, NYSE