Precision Drilling: Precision Drilling Strikes Positive Tone on Oil, Gas Outlook

April 28, 2025--Researched by Industrial Info Resources (Sugar Land, Texas)--Precision Drilling Corporation (NYSE:PDS) (PDC) (Calgary, Alberta), an oil and gas services provider focused on Canada's shale plays, is upbeat about the long-term fundamentals for energy demand in North America. The company believes economic growth and skyrocketing demand for liquefied natural gas (LNG) exports will outpace near-term headwinds from U.S.-Canadian trade disputes and dipping oil prices. Industrial Info is tracking more than US$9.2 billion worth of active projects featuring PDC's services, more than 70% of which is attributed to projects in Alberta. Tourmaline Oil Corporation (Calgary) leads all other developers for investment in PDC-affiliated projects, all of which are found in Western Canada's Deep Basin and Montney Shale areas. Other companies featured: Veren Incorporated (NYSE:VRN) and Whitecap Resources Incorporated