Precision Drilling is slashing its monthly cash distribution

first_imgNevertheless, it remains very volatile and, is still more than 100 dollars a barrel less, than what it was last July. From the oil patch today, there’s another sign of the difficult economic times.According to the National Post, Calgary-based Precision Drilling Trust, Canada’s largest drilling firm, is slashing its monthly cash distribution for January by more than two-thirds.It is citing a sharp reduction in {U.S.} rig demand, resulting from the steep decline in energy commodity prices over the past three months.- Advertisement -In a prepared statement the company said today, it will pay unit holders this month, only four cents per trust unit, down from 13 cents in December.It says it has turned its focus toward stengthening its balance sheet and, addressing debt.The price of oil was still trading below 40 dollars a barrel, at the end of the trading day yesterday but, it is now up, just over 41 dollars today.Advertisementlast_img read more

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GAA NEWS: DONEGAL MINOR HURLING BOARD NOTES

first_imgDONEGAL MINOR HURLING BOARD NOTESMinorSt Eunans were too strong for Setanta and had a comfortable win in O’Donnell Park.Burt and Aodh Ruadh had a close game inBallyshannon and it was the Burt men’s ability to get goals that proved the difference as they won 3.3 to 0.7….Goals also proved the difference in Carndonagh as Carndonagh and Letterkenny Gaels had a tough battle and the Carn men won 4.8 to 0.8. U 14 Div 1In Hibernian Park Burt and St Eunans had a thrilling game where both teams enjoyed spells of dominance in the end the Burt lads came out on top 5.3 to 2.8.Div 2Aodh Ruadh made the long trip to Gaothdobhair to take on Dungloe/Gaothdobhair, this was another thrilling game that went from end to end with both teams being on top at different stages. When the final whistle went it was Aodh Ruadh who were on top 7.9 to 6.6. GAA NEWS: DONEGAL MINOR HURLING BOARD NOTES was last modified: May 6th, 2016 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:donegalMInor Hurling Board noteslast_img read more

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