Precision Drilling (PD) has notable insider buying

Precision Drilling (T:PD)

Precision Drilling Corporation (PD) has a high amount of executive buying compared to its mid-cap peers over the past three months. Carey Thomas Ford, CFO and Subsidiary Executive, acquired 10,000 Common Shares on a direct ownership basis at a price of $3.020USD through the public market on March 7th, 2018. This represents a $39,099 investment into the company's shares and an account share holdings change of 15.8%.

Precision Drilling Corporation (Precision) is an oilfield services company. The Company provides onshore drilling and completion and production services to exploration and production companies in the oil and natural gas industry. The Company operates through two segments: Contract Drilling Services, and Completion and Production Services. The Contract Drilling Services segment operates its rigs in Canada, the United States and internationally. The Completion and Production Services segment provides completion and workover services and ancillary services to oil and natural gas exploration and production companies in Canada and the United States. As of December 31, 2016, the Contract Drilling Services segment consisted of 255 land drilling rigs, including 135 in Canada, 103 in the United States, five in Mexico, four in Saudi Arabia, five in Kuwait, two in the Kurdistan region of Iraq and one in the country of Georgia.