Southward migration: Precision Drilling places heavy bet on U.S.
Precision Drilling Trust, Canada’s largest oilfield services company, has added its name to the southward migration, by setting a capital budget of C$370 million for 2008 (up 70 percent from 2007) and deciding there is less risk in the United States than Canada.
Having increased its U.S. rig fleet t....
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Canadian outlook gloomy
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