CALGARY - CanElson Drilling Inc. said Monday it will reduce its quarterly dividend by 50%, defer the completion of three new drilling rigs, and reduce its capital budget by 80% as a result of low crude oil and natural gas prices.
CanElson Drilling Inc (TSE:CDI) ended the trading session on a dismal note, losing 1.47% or 0.06 points. The bearish action took the price to a low of 3.99 after the session commenced at 4.08 per share.
Chart below reflects public-market transactions of common shares or unit trusts by company officers and directors. Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors.
CanElson Drilling Inc (TSE:CDI) moved to higher ground as the shares gained 0.09 points or 2.22%. Among the most assuring fact is that the intraday rally did not lose steam and the stock closed near the days high.
In January, CanElson Drilling Inc. got a new partner. As it rang in 2013, the Calgary-based energy services company announced that it had reached an agreement with File Hills Qu'Appelle Tribal Council's business arm - FHQTC Developments LP.
CALGARY, ALBERTA--(Marketwired - Nov. 4, 2014) - CanElson Drilling Inc. (TSX:CDI) announced today that it has signed five drilling rigs to long-term contracts, including three previously disclosed and under construction, as well as two new builds.
CALGARY, Sept. 18, 2013 /CNW/ - CanElson Drilling Inc. ("CanElson" or the "Company") (TSX: CDI) today announced that it has entered into an agreement with a syndicate of Underwriters pursuant to which the Underwriters have agreed to purchase on a ...