‘Misery’ in Canadian service sectorCAPP forecasts drop of almost 50% in wells drilled; Peters & Co. says drilling slump could be longest, steepest of any since 1950s GARY PARK For Petroleum News
Oilfield service companies have become the bellwether sector in Canada’s petroleum industry by pointing to a “brutal” market from which highly trusted investment banker Peters & Co. said recovery will first have to survive the steepest spending cuts in 60 years.
Precision Drilling which operates Ca....
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Loss at Precision Wells predicted to be down almost 50%
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