Public market insider selling at Precision Drilling (PD)

Public market insider selling at Precision Drilling (T:PD)

Kevin A. Neveu, CEO and Director, disposed of 21,088 Common Shares on a direct ownership basis at prices ranging from US$54.690 to US$58.330 between February 15th, 2022 and February 17th, 2022. This represents a $1,531,647 divestment of the company's shares and an account share holdings change of -14.5%. Seven other insiders also sold in smaller amounts.

Precision Drilling is in the Oil & Gas Drilling Sub Industry Group under the Energy Sector.

Precision Drilling Corporation is a Canada-based company, which is a provider of contract drilling and completion and production services primarily to oil and natural gas exploration and production companies in Canada, the United States and certain international locations. The Company's segments include Contract Drilling Services and Completion and Production Services. The Contract Drilling Services segment includes drilling rigs, procurement and distribution of oilfield supplies, and manufacture, sale and repair of drilling equipment. The Completion and Production Services segment includes service rigs, oilfield equipment rental and camp and catering services. It provides onshore drilling services to exploration and production companies in the oil and natural gas and geothermal industries. It provides well completion, workover, abandonment and re-entry preparation services to oil and natural gas exploration and production companies. It also provides digital technology offerings.