SCHEDULE: FIL Limited Discloses 6.5% Stake in Precision Drilling

FIL Limited and its affiliates have disclosed a 6.5% beneficial ownership stake in Precision Drilling Corp, totaling 850,331 common shares as of December 31, 2025.

Summary

• FIL Limited, along with Pandanus Partners, L.P. and Pandanus Associates, Inc., collectively reported beneficial ownership of 850,331 common shares of Precision Drilling Corp.
• This aggregate ownership represents 6.5% of the class of common stock outstanding.
• The filing indicates that the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Precision Drilling Corp.
• FIL Limited holds sole voting power over 596,504 shares and sole dispositive power over 850,331 shares.
• Pandanus Partners, L.P. and Pandanus Associates, Inc. each hold sole dispositive power over 850,331 shares, but no sole or shared voting power.
• The filing date for this Schedule 13G is February 4, 2026, reporting ownership as of December 31, 2025.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive development, as a significant passive stake by a reputable institutional investor like FIL Limited can signal confidence in the company's value and long-term prospects without implying activist pressure.

Positives

• The disclosure of a significant stake by institutional investors like FIL Limited can be seen as a vote of confidence in Precision Drilling Corp's long-term prospects.
• The acquisition of shares in the ordinary course of business suggests a strategic, rather than activist, investment approach.

Future Outlook

NA

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

StockSavvy.ai notes that the energy sector, particularly drilling services, is subject to cyclical demand influenced by global oil and gas prices. A significant institutional stake by FIL Limited in Precision Drilling Corp suggests a long-term view on the sector's recovery or stability, potentially indicating confidence in Precision Drilling's operational efficiency or market position within the drilling industry.

Related Party Transactions

• Pandanus Partners, L.P. owns shares of FIL Limited voting stock, representing normally more than 25% and less than 48.5% of total votes.
• Pandanus Associates, Inc. acts as the general partner of Pandanus Partners, L.P.
• Pandanus Partners, L.P. is owned by trusts for the benefit of members of the Johnson family, including FIL's Chairman Abigail P. Johnson.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake may increase investor confidence and potentially stabilize the stock price.
• Management: The passive nature of the investment (not for control) suggests no immediate pressure on current management or strategy.

Key Dates

Recommendation

While the disclosure of a significant institutional stake by FIL Limited is a positive signal, indicating confidence in Precision Drilling Corp, this filing alone does not provide sufficient operational or financial data to warrant a 'buy' recommendation. It primarily reflects a passive investment position. Investors should 'hold' and monitor future financial performance and market conditions for a more comprehensive assessment.

Keywords

Precision Drilling Corp, FIL Limited, Pandanus Partners, Pandanus Associates, beneficial ownership, Schedule 13G, common stock, institutional investment, drilling services, energy sector