The Calgary-based company made a net loss of C$114 million ($90.8 million) in the fourth quarter despite raising revenues by 9% to C$619 million, as asset decommissioning and goodwill impairment charges chopped net earnings by C$182 million.
The contractor said it saw higher drilling activity in the US, Canada and internationally along with higher average dayrates in the US and internationally during the fourth quarter.
Drilling
