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Precision Drilling earns $20.7 million in second quarter

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CALGARY – Precision Drilling Corp. says its earnings for the second quarter declined 23 per cent year-over-year to $20.7 million, down from $26.9 million.

Revenue for the quarter was $429.2 million, up from $425.6 million during the same quarter last year.

The company says its revenue results reflect higher activity and pricing in both Canada and internationally, which helped to more than offset lower results in the U.S.

Earnings per diluted share were $1.44, down from $1.63 last year.

President and CEO Kevin Neveu says the company expects its Canadian and international revenue to continue growing through 2025.

Neveu says the Trans Mountain pipeline expansion is driving higher and more stable returns for producers, and the imminent start-up of LNG Canada is expected to “improve and stabilize natural gas pricing.”

This report by The Canadian Press was first published July 30, 2024.

Companies in this story: (TSX:PD)

The Canadian Press. All rights reserved.

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Trump will visit McDonald’s as he offers no evidence for saying Harris didn’t work there in college

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FEASTERVILLE-TREVOSE, Pa. (AP) — Republican presidential nominee Donald Trump on Sunday is expected to visit a McDonald’s in Pennsylvania as he continues to criticize Democrat Kamala Harris and claim without evidence that she never worked at the fast-food chain while in college.

His plan is to visit a McDonald’s and work the french fry cooker before heading to an evening town hall in Lancaster and then attending the Pittsburgh Steelers home game against the New York Jets.

The former president has fixated in recent weeks on the summer job Harris said she held in college, working the cash register and making fries at McDonald’s while attending Howard University in Washington. Trump has claimed the vice president never worked there, the latest example of his longtime strategy to seize on conspiracy theories and question the credentials of his political opponents.

Trump repeated the claim Friday night at a campaign rally in Detroit, saying Harris “lied about working at McDonald’s.”

“That’s like not a big thing, but can I be honest with you, it’s terrible,” Trump said.

Police closed the busy streets around a McDonald’s in Feasterville-Trevose, Pennsylvania, and cordoned off the restaurant as a crowd a couple blocks long gathered, sometimes 10- to 15-deep across the street straining to catch a glimpse of Trump. Horns honked and music blared as Trump supporters waved flags, held signs and took pictures.

Harris, who was a California prosecutor before becoming a senator and vice president, raises her McDonald’s experience as a way to show she understands working-class struggles.

“When Trump feels desperate, all he knows how to do is lie,” Harris campaign spokesman Ian Sams said Sunday. “He can’t understand what it’s like to have a summer job because he was handed millions on a silver platter, only to blow it.”

In an interview last month on MSNBC, the vice president pushed back on Trump’s claims, saying she did work at the fast-food chain four decades ago when she was in college.

“Part of the reason I even talk about having worked at McDonald’s is because there are people who work at McDonald’s in our country who are trying to raise a family,” she said. “I worked there as a student.”

Harris also said: “I think part of the difference between me and my opponent includes our perspective on the needs of the American people and what our responsibility, then, is to meet those needs.”

Trump’s senior campaign adviser Jason Miller told reporters on Saturday that Trump would be making the stop “so that one candidate in this race can actually have worked at McDonald’s.”

“Since Kamala Harris has not, President Trump by the end of tomorrow will have worked at McDonald’s. He’ll have done fries more than Kamala Harris ever has,” Miller said. “I think it shows he connects with hard-working Americans.”

Harris’ campaign did not immediately have a comment on Trump’s McDonald’s plan.

Representatives for McDonald’s did not respond to a message about whether the company had employment records for one of its restaurants 40 years ago.

Trump has promoted false and baseless claims throughout his campaign

It’s far from the first time that Trump has promoted baseless claims. Most notably, he claims falsely that he lost the 2020 election to Democrat Joe Biden due to voter fraud. Trump said during his presidential debate with Harris that immigrants who had settled in Springfield, Ohio, were eating residents’ pets.

Trump has long gone after opponents based on their personal history, particularly women and racial minorities.

Before he ran for president, Trump was a leading voice of the “birther” conspiracy that baselessly claimed President Barack Obama was from Africa, was not an American citizen and therefore was ineligible to be president. Trump used it to raise his own political profile, demanding to see Obama’s birth certificate and five years after Obama did so, Trump finally admitted that Obama was born in the United States.

During his first run for president, Trump repeated a tabloid’s claims that Texas Sen. Ted Cruz’s father, who was born in Cuba, had links to President John F. Kennedy’s assassin, Lee Harvey Oswald. Cruz and Trump competed for the party’s 2016 nomination.

In January of this year, when Trump was facing Nikki Haley, his former U.N. ambassador, in the Republican primary, he shared on his social media network a post with false claims that Haley’s parents were not citizens when she was born, therefore making her ineligible to be president.

Haley is the South Carolina-born daughter of Indian immigrants, making her automatically a native-born citizen and meeting the constitutional requirement to run for president.

Barrett Marson, a Republican strategist in Arizona, said using a campaign visit to focus on the claims about McDonald’s four decades ago is a “puzzling detour,” but that Trump is “not above throwing anything on the wall to see if it sticks.”

“When Donald Trump isn’t talking about the economy and illegal immigration, he’s off topic about the things that people care about,” Marson said.

Marson suggested that Trump would be better off talking about the economy and immigration, not something he called “off topic.”

“I don’t think there’s an undecided voter out there that will respond or that will make their decision based on whether or not Kamala Harris actually worked at McDonald’s in the 1980s,” Marson said.



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Justin Kent and Natasha Wodak top Canadians at TCS Toronto Waterfront Marathon

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TORONTO – Natasha Wodak and Justin Kent cruised to their first Canadian marathon titles on Sunday in Toronto.

Wodak, the 42-year-old Canadian women’s record holder, strode to victory in the TCS Toronto Waterfront Marathon in a time of two hours 27 minutes 54 seconds. It marked the first time the Surrey, B.C., native competed in the event since 2013 and her fifth overall national title.

Kent, the 32-year-old also from Surrey, crossed the finish line in a personal-best time of 2:12:17.

Ethiopia’s Mulugeta Uma claimed the men’s overall championship in a time of 2:07.16, his second career title after winning the Paris Marathon earlier this year.

Meanwhile, fellow Ethiopian Waganesh Mekasha earned some redemption, winning the women’s title in a runaway, course-record time of 2:20:44 after losing out by one second in a sprint finish last year.

Wodak said Friday her main goals for the race were to add the title of Canadian champion to her decorated resumé and to have fun.

She accomplished the former easily, beating second-place Leslie Sexton by over five minutes.

And it seems as though the latter could also be deemed a success as Wodak ran the final 100 metres with a smile on her face and her arms raised, encouraging the crowd to cheer her on.

Kent, who placed 30th at the 2023 world championships, raced solo across most of the 42.4-kilometre course through city streets. Around the halfway point, it appeared as though Kent could be passed as the chase pack narrowed its gap to around 10 seconds.

But the University of British Columbia graduate responded by finding his second wind, pulling away once again and leaving no room for doubt through the final stretch.

Three-time Paralympian Josh Cassidy won his third straight Canadian and overall title in the wheelchair race, crossing the finish line in 1:38.09.

Organizers said nearly 30,000 runners from 70 countries participated in the weekend’s events, which included a five-kilometre race on Saturday and the marathon, wheelchair marathon and half marathon on Sunday.

Weather conditions were ideal for running as the temperature steadily rose from around 7 to 14 degrees C throughout the race.

This report by The Canadian Press was first published Oct. 20, 2024.

The Canadian Press. All rights reserved.



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Hannah Green of Australia leads from start to finish to win BMW Ladies Championship

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PAJU, South Korea (AP) — Hannah Green of Australia shot a 1-under 71 on Sunday to win the BMW Ladies Championship in South Korea, her sixth victory on the LPGA Tour and her third this season.

Green finished at 19-under 269 for the tournament and led or shared the lead after all four rounds.

Celine Boutier of France finished one stroke behind Green on Sunday, shooting a 6-under 66. Chanettee Wannasaen of Thailand shot 68 and was two shots behind the winner.

Two golfers tied for fourth and finished three strokes behind – Hye-Jin Choi (67) of South Korea and compatriot Yu Jin Sung (72).

Brooke Henderson of Smiths Falls, Ont., was the lone Canadian in the field. She tied for 46th at 3 under.

The field of the tournament was loaded with eight of the top 10 LPGA players facing off. The main absence was No. 1-ranked Nelly Korda, who withdrew before the event with a neck injury.

The tournament also included 17 of the 18 winners from events this season.

___

AP golf:

The Canadian Press. All rights reserved.



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