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$PDS Can Precision Drilling's U.S. rig margin really jump about 30% in Q4 once rig reactivation costs fade?
🏢 Precision Drilling, a Calgary land driller with 184 rigs in Canada, the U.S. and the Middle East, grew Q3 2026 revenue 15% to C$532M, and its market value is about $1.36B at $105.36 a share at 14:30 ET on October 28, 2026
⚠️ On the other side, cash fell to C$23M from C$85.8M at year end after C$75M of debt repayment and C$47M of buybacks this year, though Precision reports over C$460M of liquidity; the 2026 capital budget rose to C$275M to C$285M from C$265M, and a contested Canada Revenue Agency reassessment carries a maximum tax bill of about C$155M before interest
📅 Next: Q4 2026 results will test the US$9,500 to US$10,500 U.S. margin guide, and the Q3 call was set for 1:00 p.m. ET on Wednesday, October 28, 2026
Source: GlobeNewswire release + SEC 6-K, Oct 27
