Core Viewpoint - Major Drilling Group International Inc. has announced a normal course issuer bid (NCIB Program) to repurchase up to 4,097,159 common shares, approximately 5% of its outstanding shares, over a 12-month period starting October 21, 2025 [1][2]. Group 1: NCIB Program Details - The NCIB Program allows Major Drilling to purchase shares on the Toronto Stock Exchange (TSX) at prevailing market prices, with a daily limit of 34,457 shares, which is 25% of the average daily trading volume for the previous six months [2][3]. - The total number of common shares outstanding as of October 14, 2025, is 81,943,186 [1]. - Shares repurchased under the NCIB Program will be cancelled, which is expected to enhance the value for remaining shareholders [2]. Group 2: Automatic Share Purchase Plan (ASPP) - Major Drilling will implement an automatic share purchase plan (ASPP) to facilitate share repurchases during regulatory restrictions or blackout periods [3][4]. - The designated broker will make purchases based on parameters set by the company prior to entering a blackout period [4]. Group 3: Company Overview - Major Drilling is the largest provider of specialized drilling services in the mining sector, with operations across North America, South America, Australia, Asia, Africa, and Europe [6]. - Established in 1980, the company has built a reputation for handling complex drilling projects and is supported by a skilled workforce and experienced management team [6][7].

Core Insights - Three stocks with strong buy rankings and value characteristics are highlighted for investors: Weatherford International, Federated Hermes, and California Resources Weatherford International (WFRD) - The company specializes in drilling solutions, gas well unloading, restoration, and related activities [1] - It has a Zacks Rank of 1 (Strong Buy) and a 11% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days [1] - The price-to-earnings (P/E) ratio is 11.83, significantly lower than the industry average of 17.30 [2] - Weatherford possesses a Value Score of A [2] Federated Hermes (FHI) - This global asset manager provides investment advisory, administrative, and distribution services for various investment products [3] - It also holds a Zacks Rank of 1 and has seen a 2.2% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days [3] - The P/E ratio stands at 11.33, compared to the industry average of 12.90 [4] - Federated Hermes has a Value Score of B [4] California Resources (CRC) - The company focuses on oil and natural gas exploration and production, primarily based in California [5] - It carries a Zacks Rank of 1 and has experienced a 5.5% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days [5] - The P/E ratio is 11.41, well below the industry average of 43.10 [5] - California Resources also has a Value Score of B [5]

Core Insights - Five stocks have been added to the Zacks Rank 1 (Strong Buy) List, indicating strong potential for investment returns Group 1: Company Performance - HudBay Minerals (HBM) has seen a 9.1% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - GigaCloud Technology Inc. (GCT) has experienced a 6.5% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Weatherford International (WFRD) has reported a 6% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Maximus (MMS) has seen a 6% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [3] - Jackson Financial (JXN) has experienced a 4.8% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [3]

Core Points - Shelf Drilling's shareholders approved a cash merger with ADES, with 99.6% of votes in favor [1] - ADES International Holding agreed to acquire all shares of Shelf Drilling for Nkr18.50 per share, valuing the company at approximately $380 million [2][3] - The merger is subject to customary closing conditions and regulatory approvals, with completion expected in Q4 2025 [4] Company Overview - Shelf Drilling operates a fleet of 33 jack-up rigs across various regions including South East Asia, India, West Africa, the North Sea, and the Middle East [5] - ADES operates approximately 50 jack-up rigs and 40 land rigs across seven countries [5] - Post-merger, Shelf Drilling will remain the surviving entity [5]

Core Viewpoint - Precision Drilling Corporation has appointed Mr. Carey Ford as the new President and Chief Executive Officer, succeeding Kevin Neveu, who has retired after 18 years in the role [1][6]. Leadership Changes - Mr. Ford has been with Precision since 2011 and served as Chief Financial Officer since 2016, where he has strengthened investor confidence and guided the company's financial strategy [2]. - The Board has also appointed Gene Stahl as Chief Operating Officer, who has over 28 years of experience with the company, and Dustin Honing as Chief Financial Officer, who has nearly 15 years of experience at Precision [4]. Strategic Direction - Mr. Ford expressed enthusiasm for his new role and emphasized the company's commitment to serving customers and operating safely, while also looking forward to guiding Precision into its next growth phase [3]. - The Board expressed full confidence in Mr. Ford's leadership and highlighted the company's focus on advancing its technology-driven strategy and delivering sustainable long-term value for stakeholders [5]. Company Overview - Precision is a leading provider of safe and environmentally responsible services to the energy industry, with a focus on High Performance and High Value services [7]. - The company offers an extensive fleet of Super Series drilling rigs and has developed a digital technology portfolio known as Alpha, which utilizes advanced automation software and analytics [7]. - Precision is headquartered in Calgary, Alberta, Canada, and is publicly traded on the Toronto Stock Exchange and the New York Stock Exchange [8].

Company Overview - Precision Drilling Corporation is a leading provider of safe and environmentally responsible services to the energy industry, offering access to an extensive fleet of Super Series drilling rigs [4] - The company has commercialized an industry-leading digital technology portfolio known as Alpha™, which utilizes advanced automation software and analytics to deliver efficient, predictable, and repeatable results for energy customers [4] - Precision also offers well service rigs, camps, and rental equipment, supported by a comprehensive mix of technical support services and skilled personnel [4] Upcoming Financial Results - Precision Drilling intends to release its 2025 third quarter results after the market closes on Wednesday, October 22, 2025 [1] - A conference call is scheduled for Thursday, October 23, 2025, at 11:00 a.m. MT (1:00 p.m. ET) to discuss the results [1] - Participants can register for the conference call to receive a dial-in number and unique PIN for questions [1][2] Additional Information - Precision Drilling is headquartered in Calgary, Alberta, Canada, and is listed on the Toronto Stock Exchange under the symbol "PD" and on the New York Stock Exchange under the symbol "PDS" [5] - For more information, the company can be contacted through its Vice President of Investor Relations, Lavonne Zdunich [6]

Company Overview - Major Drilling benefits from diversification across commodities, geographies, and customers, reducing risk compared to mining or royalty companies[9, 47] - The company possesses a strong balance sheet with excellent liquidity, including $127 million in liquidity and a net debt position of ($2.8 million) as of Q1 2026[17, 19, 20] - Major Drilling has a diverse revenue stream, providing drilling services throughout the lifecycle of a project/mine[21] Market Trends and Opportunities - Senior exploration budgets are projected to increase, driven by depleted reserves and commodity price strength[24] - Equity capital raises are also beginning to increase, with seniors investing in junior miners as exploration vehicles[26, 28] - Global exploration spending was estimated at $12.5 billion in 2024, still below the $21.5 billion spent in 2012 (not inflation adjusted), indicating potential for further growth[31] Operational Performance - The company's existing fleet of over 700 rigs and infrastructure allows for operational leverage and margin increases with higher utilization rates[51] - In Q1 2026, Major Drilling reported revenue of $226.6 million, compared to $190.0 million in Q1 2025[75] - Adjusted gross margin was 25.2% in Q1 2026[75] Strategic Acquisitions - The acquisition of Explomin Perforaciones expands Major Drilling's South American footprint and diversifies its commodity exposure, with 40% of Explomin's revenue from copper and 40% from gold[77, 79] - Explomin generated revenue of US$95 million and EBITDA of US$16 million in the trailing twelve months ended October 31, 2024[83]

Core Points - Major Drilling Group International Inc. will release its first quarter results for fiscal 2026 on September 8, 2025, after market close [1] - A webcast/conference call to discuss these results is scheduled for September 9, 2025, at 8:00 a.m. Eastern [2] - The company is recognized as a leading provider of specialized drilling services in the metals and mining industry, with operations across multiple continents [6][7] Company Information - Major Drilling was established in 1980 and has grown to become a global brand in the mining sector, known for handling challenging drilling projects [6] - The company offers a wide range of drilling services, including reverse circulation, surface and underground coring, and various technology-driven innovation services [7] - Major Drilling is supported by a skilled workforce and an experienced management team that has navigated various economic and mining cycles [6]

Company Overview - Precision Drilling Corporation is a leading provider of safe and environmentally responsible services to the energy industry, offering access to an extensive fleet of Super Series drilling rigs [4] - The company has commercialized an industry-leading digital technology portfolio known as Alpha™, which utilizes advanced automation software and analytics to deliver efficient, predictable, and repeatable results for energy customers [4] - Precision also provides well service rigs, camps, and rental equipment, supported by a comprehensive mix of technical support services and skilled personnel [4] Upcoming Financial Results - Precision intends to release its 2025 second quarter results after the market closes on Tuesday, July 29, 2025 [1] - A conference call is scheduled for 11:00 a.m. MT (1:00 p.m. ET) on Wednesday, July 30, 2025, to discuss the results [1] - Participants can register for the conference call to receive a dial-in number and unique PIN for questions [1] Webcast and Replay - The conference call will also be webcast, and a replay will be available on Precision's website for 12 months [2]

Company Overview - High Arctic Overseas Holdings Corp. has appointed Matthew Cocks as Chief Financial Officer effective June 24, 2025, pending TSX Venture Exchange approval [1] - The company specializes in drilling and specialized well completion services, manpower solutions, and rental equipment in Papua New Guinea [5] Leadership Background - Matthew Cocks joined the company in October 2023 as VP-Finance, focusing on financial leadership and strengthening finance and accounting processes [2] - Cocks has over 20 years of experience in financial leadership roles across various sectors, including resources, construction, manufacturing, and logistics [3] - The CEO, Mike Maguire, expressed confidence in Cocks' expertise, particularly in international markets and extractive industries, which will aid in diversifying and expanding the PNG business [4] Transition of Roles - Lonn Bate served as Interim CFO since the spin-out and will now concentrate on his role as CFO of High Arctic Energy Services Inc. [4]