The Financial Post reports in its Saturday edition that Precision Drilling is trimming its planned 2025 capital spending due to market uncertainty and a possible dip in demand from oil and gas producers that contract its rigs. A Canadian Press dispatch to the Post quotes chief executive officer Kevin Neveu saying that Precision expects to spend $200-million this year, down $25-million from its earlier forecast. That includes an $8-million drop in upgrade spending that acted as a "placeholder" in Precision's budget for potential projects in its U.S. or international segments. Mr. Neveu says if either of those markets rebound this year, Precision would consider increasing that spending -- but only if the financial returns and contract terms pass muster. The rest of the spending cuts were to be for maintenance capital, which Precision had earmarked to take advantage of year-end vendor discounts. Precision has cut some staff as it exited its well servicing business in North Dakota, where it had 10 rigs. Six service rigs are being moved back to Canada from North Dakota, while the rest are to be sold in the U.S. He warned that should the oil price dip much below $60 (U.S.) a barrel, "the uncertainty level increases."