Precision Drilling Corp., an oilfield services behemoth whose reach extends across Canada, the United States and into international markets, is seeing “ the most promising backdrop for our business that we have experienced in almost a decade,” CEO Kevin Neveu said Thursday. 


The bullish views have led the Calgary-based operator to pump up its capital expenditures (capex) as North American activity climbs, Neveu said in delivering the 3Q2021 results.

“Strong oil and natural gas prices, a significantly improved Canadian market structure and rapidly declining drilled but uncompleted well inventories all point to higher drilling activity in our core markets,” Neveu said.

“Although we are likely in the early innings, our firm bookings and current customer inquiries...