Parker Drilling Co
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Company profile

Parker Drilling Company is a provider of contract drilling, drilling-related services and rental tools. Its business consists of two business lines: rental tools services and drilling services. Its rental tools services business includes U.S. rental tools and International rental tools segments, and its drilling services business includes its U.S. (lower 48) drilling and International & Alaska drilling segments. In its rental tools services business, the Company provides rental equipment and services to exploration and production companies, drilling contractors, and service companies on land and offshore in the United States and select international markets. In its drilling services business, the Company drills oil, natural gas, and geothermal wells for customers globally. It also provides well construction services, which include tubular running services and downhole tools, and well intervention services, which include whipstock, fishing and related services.

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Airline stocks broadly lower as COVID case spike leads to more flight cancellations

6:42 am ET December 27, 2021 (MarketWatch)

Airline stocks were headed lower Monday, as a continued spike in new COVID-19 cases led to hundreds of more canceled flights, with airlines blaming COVID-related staffing shortages. The U.S. Global Jets ETF (JETS) slumped 1.8% in premarket trading, to put it on track to snap a four-day win streak. Among the more actively traded shares of air carriers, American Airlines Group Inc. (AAL) dropped 2.1%, United Airlines Holdings Inc. (UAL) shed 2.9%, Delta Air Lines Inc. (DAL) fell 2.1% and Southwest Airlines Co. (LUV) declined 1.5%. The Jets ETF has slumped 12.6% over the past three months through Thursday, while the S&P 500 has climbed 6.4%.

-Tomi Kilgore


(END) Dow Jones Newswires

December 27, 2021 06:42 ET (11:42 GMT)

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