8 Oct

Precision Drilling shares plummet as Alberta fund manager sells stake

Shares in Precision Drilling Corp, Canada’s biggest oilfield services company, plunged as its largest shareholder sold its 15% stake in the company.Shares in Precision ended down 9.6% to $9.33 on the Toronto Stock Exchange on Thursday.Precision said in a statement that Alberta Investment Management Co (AIMCo) sold its entire position in the company overnight.“AIMCo acted independently of Precision in both its decision to exit its position and the facilitation of the overnight marketed transaction,” the company said in a statement.AIMCo could not be immediately reached for comment.AIMCO, which manages about $70-billion of provincial pension and government funds, acquired the stake in 2009, paying $3.00 each for what where then trust units that were converted into shares in 2010 when Precision became a corporation.Thomson Reuters 2013 read more

25 Sep

India snub nothing to do with decision to quit says Bravo

Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)RelatedBravo out of T&T squad pending WICB meetingJanuary 9, 2017In “latest news”CWI opens doors for Narine, Pollard and Bravo comebacks into national sideJuly 24, 2018In “latest news”WI Captains allegedly sacked; Bravo denies reportsNovember 5, 2014In “Sports” West Indies all-rounder Dwayne Bravo(CMC) — All-rounder Dwayne Bravo has shot down suggestions his decision to retire from international cricket was influenced by his non-selection for the ongoing limited overs tour of India.The 35-year-old last week announced he was quitting international cricket, as he prepared for Trinidad and Tobago Red Force’s semi-final in the Regional Super50 at Kensington Oval in Barbados.“Not being selected in the West Indies team to go to India had nothing to do with my decision because I haven’t played for West Indies in one-dayers since 2014 and in T20s since 2016,” Bravo told CNC3 TV.“So not being selected in the West Indies team — I’ve actually gotten accustomed to it now.”Bravo made a rare appearance for Red Force in the just concluded Super50 but had little impact, scoring just 96 runs from five innings and picking up seven wickets at 24 runs apiece.Red Force reached the semi-finals before they were upset by eventual champions Combined Campuses and Colleges Marooners.Bravo, who also quit Test cricket three years ago, said he would continue to ply his trade on the global T20 circuit.“Life continues for me. I just officially announced my retirement but I’m going to continue to play around the world, I’m going to continue to play for Knight Riders,” he explained.“To all my fans who got scared and thought they would never see me play cricket, you can rest assured I will continue playing — just that I won’t be playing for West Indies.“I will be trying to keep my body fit so I can play as long as possible.”Bravo was repeatedly snubbed by Windies selectors despite guiding Trinbago Knight Riders to back-to-back titles in the Caribbean Premier League over the last two seasons.He captained West Indies in ODIs for 19 months up to 2014 when he was sacked and dropped from the squad following his key role in the controversial abandoned tour of India earlier that year, owing to a player’s pay dispute with Cricket West Indies. read more