For the first time in more than two years, it feels pretty good to be a North American land drilling contractor right about now. Beyond the headline rig count increases we’ve all heard of, other important industry metrics are moving upwards as well. The North American land drillers are the tip of the spear when it comes to cyclical inflection, and they have shifted back into recovery mode. Precision Drilling is no exception, and on a conference call last week, management highlighted tangible evidence of an early-stage recovery.
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