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Precision Drilling expects rig demand growth with LNG Canada startup
Precision Drilling Corp. said it will be closely watching the startup of this country's first liquefied natural gas export facility after being caught off guard by the dramatic increase in drilling following the opening of the Trans Mountain pipeline expansion. The company is Canada's largest drilling rig contractor, and as such, serves as a barometer for the overall health of the country's energy sector. But CEO Kevin Neveu said even Precision itself was surprised by what he called the "near instantaneous" uptick in drilling in Western Canada that took place following the opening six months ago of the Trans ... (full story)