Kevin Neveu - Precision Drilling President, Chief Executive Officer, Director

PDS Stock  USD 63.17  0.73  1.17%   

CEO

Mr. Kevin A. Neveu is President, Chief Executive Officer, Director of Precision Drilling Corporationrationration. Mr. Neveu is President and Chief Executive Officer and a director of Precision Drilling Corporation and has held these positions since joining the company in 2007. Mr. Neveu has 36 years of experience in the oilfield services sector holding technical, marketing, management and senior leadership positions over his career. Previously, Mr. Neveu was President of the Rig Solutions Group of National Oilwell Varco in Houston and held senior management positions with it and its predecessor companies in London, Moscow, Houston, Edmonton and Calgary. Mr. Neveu currently serves as a Director of Finning International and is a former board member of Bonanza Creek Energy and Rig Net. He is also a member of the Advisory Board for the Heart and Stroke Foundation of Alberta, and an Advisor for the University of Calgarys School of Public Policy. Mr. Neveu is a past director and member of the Executive Committee for the International Association of Drilling Contractors since 2009.
Age 59
Tenure 15 years
Address 525?8th Avenue SW, Calgary, AB, Canada, T2P 1G1
Phone403 716 4500
Webhttps://www.precisiondrilling.com
Neveu holds a BS degree, is a graduate of the Faculty of Engineering at the University of Alberta and is a registered Professional Engineer in the province of Alberta. He has also completed the Harvard Advanced Management Program.

Precision Drilling Management Efficiency

The company has Return on Asset of 0.054 % which means that on every $100 spent on assets, it made $0.054 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.1597 %, implying that it generated $0.1597 on every 100 dollars invested. Precision Drilling's management efficiency ratios could be used to measure how well Precision Drilling manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to 0.09 in 2024. Return On Capital Employed is likely to drop to 0.10 in 2024. At this time, Precision Drilling's Total Assets are comparatively stable compared to the past year. Non Current Assets Total is likely to gain to about 2.8 B in 2024, whereas Other Current Assets are likely to drop slightly above 43.7 M in 2024.
Precision Drilling has 992.19 M in debt with debt to equity (D/E) ratio of 1.02, which is OK given its current industry classification. Precision Drilling has a current ratio of 1.36, which is typical for the industry and considered as normal. Note however, debt could still be an excellent tool for Precision to invest in growth at high rates of return.

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Precision Drilling Corporation, a drilling company, provides onshore drilling, completion, and production services to exploration and production companies in the oil and natural gas and geothermal industries in North America and the Middle East. Precision Drilling Corporation was incorporated in 1951 and is headquartered in Calgary, Canada. Precision Drilling operates under Oil Gas Drilling classification in the United States and is traded on New York Stock Exchange. It employs 3350 people. Precision Drilling (PDS) is traded on New York Stock Exchange in USA. It is located in 525?8th Avenue SW, Calgary, AB, Canada, T2P 1G1 and employs 5,000 people. Precision Drilling is listed under Energy Equipment & Services category by Fama And French industry classification.

Management Performance

Precision Drilling Leadership Team

Elected by the shareholders, the Precision Drilling's board of directors comprises two types of representatives: Precision Drilling inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Precision. The board's role is to monitor Precision Drilling's management team and ensure that shareholders' interests are well served. Precision Drilling's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Precision Drilling's outside directors are responsible for providing unbiased perspectives on the board's policies.
Darren Ruhr, Senior Vice President - Corporate Services
Susan MacKenzie, Independent Director
Kevin Meyers, Independent Director
David Williams, Independent Director
BSc BSc, CEO Pres
William Donovan, Independent Director
Ross Pickering, Senior Vice President Global Operations Excellence
Lavonne Zdunich, Director Relations
Steven Krablin, Independent Chairman of the Board
Dustin Honing, Manager Development
Grant Hunter, Senior Vice President, North American Drilling Operations
Gene Stahl, President of Drilling Operations
Veronica Foley, Senior Vice President, General Counsel, Corporate Secretary
John Goertzen, Ex Officer
Niels Espeland, President of International
Shuja Goraya, Chief Technology Officer
Carey Ford, Chief Financial Officer, Senior Vice President
Kevin Neveu, President, Chief Executive Officer, Director
Brian Gibson, Independent Director
Carey CFA, Chief Officer
Michael Culbert, Independent Director
Roland Marks, VP Operations

Precision Stock Performance Indicators

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Thematic Opportunities

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Additional Tools for Precision Stock Analysis

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