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Precision posts unexpected loss Add to ...

Canada's largest oil-and-gas drilling company has reported a loss in the second quarter, missing analyst expectations. Calgary-based Precision Drilling Corp. had a net loss of $67-million or 24 cents per share, compared with a profit of $57-million or 22 cents in the second quarter of 2009. Analysts had been expecting Precision Drilling to report a small profit.

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