Red ink will rule, but optimism in the oilpatch as earnings released

Precision Drilling announced some full-on good news last week with its third-quarter earnings. Precision Drilling employed 4,337 people at the end of 2015, as compared with 7,834 a year earlier. In a conference call with analysts, Precision's chief executive Kevin Neveu said that sentiment in the industry was the best he had seen in two years.