Calgary—Canada’s Precision Drilling will spend C$180 million ($138 million) in 2016 for its global operations, a 66% decline compared with C$531 million by the end of this year. “By announcing our 2016 capital budget in October, weeks in advance of our typical early December reporting, we are providing some visibility to the market during uncertain times,” CEO Kevin Neveu said Thursday on an earnings webcast.
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