Precision Drilling Corporation (PDS) announced that its common shares have been approved for a dual listing on NYSE Texas, a fully electronic equities exchange headquartered in Dallas, Texas. The company will continue to trade on the New York Stock Exchange under the ticker “PDS” and on the Toronto Stock Exchange under “PD.” The new listing will become effective on March 2, 2026.
NYSE Texas launched in March 2025 and is part of the New York Stock Exchange’s effort to provide a dedicated, high‑speed trading platform for U.S. equities. By adding NYSE Texas to its trading venues, Precision Drilling gains access to a broader pool of U.S. investors and a platform that can support higher trade volumes and tighter bid‑ask spreads.
Precision Drilling is a leading oilfield services provider that delivers high‑performance drilling solutions through its Super Series rig fleet and Alpha digital automation platform. The company also supplies well‑service rigs, rental equipment, and technical support, and it promotes environmental stewardship through its EverGreen solutions suite. The dual listing aligns with the company’s strategy to enhance visibility among U.S. investors, potentially attracting new capital and supporting its ongoing focus on debt reduction, share repurchases, and capital investment in fleet and infrastructure upgrades.
The additional trading venue is expected to increase liquidity for Precision Drilling’s shares, making it easier for investors to buy and sell the stock. Greater liquidity can help stabilize share pricing and broaden the investor base, which in turn supports the company’s long‑term capital‑raising and financing objectives. The move also signals confidence in the company’s growth strategy and its commitment to maintaining a strong market presence in the United–States oilfield services sector.
Management has emphasized a disciplined approach to capital allocation, prioritizing debt reduction, share repurchases, and targeted investments in technology and equipment. The dual listing is part of that broader strategy, providing a more robust platform for capital deployment and shareholder engagement while reinforcing the company’s position as a leading provider of drilling and well‑service solutions.
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