Precision Drilling's Quarterly Loss Narrows
Oilfield services company Precision Drilling's loss narrowed for the third-quarter, helped by higher drilling activity across North America, the Canadian company reported on Thursday.
Net loss narrowed to C$3.5 million ($2.68 million), or 1 Canadian cent per share, from C$30.6 million, or 10 Canadian cents a share, a year earlier.
Revenue fell about 2% to C$376 million
($1 = 1.3076 Canadian dollars)
(Reporting by Taru Jain; Editing by Vinay Dwivedi)