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Aveda Transportation and Energy Services Inc (AVE.V)

AVE.V on TSX Venture Exchange

0.54CAD
28 Apr 2017
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$-0.03 (-5.26%)
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Latest Key Developments (Source: Significant Developments)

Aveda Transportation And Energy Services Q4 loss per share C$0.32
Tuesday, 11 Apr 2017 04:15pm EDT 

Aveda Transportation And Energy Services Inc : Aveda Transportation And Energy Services Q4 revenue C$31.4 million versus C$17.5 Million . Aveda Transportation And Energy Services announces 2016 results and provides operational update for the first quarter of 2017 . Aveda Transportation And Energy Services Q4 loss per share C$0.32 . Aveda Transportation And Energy Services Inc -anticipates a substantial increase in revenue in Q1 of 2017 as compared to Q1 of 2016 .Aveda Transportation And Energy Services - preliminary revenue for Q1 of 2017 of about $39.0 - $41.0 million compared to $12.0 million in Q1 of 2016.  Full Article

AVEDA TRANSPORTATION AND ENERGY SERVICES ANNOUNCES UPSIZING AND PRICING OF PUBLIC OFFERING
Tuesday, 31 Jan 2017 06:21pm EST 

Aveda Transportation And Energy Services Inc : AVEDA TRANSPORTATION AND ENERGY SERVICES ANNOUNCES UPSIZING AND PRICING OF PUBLIC OFFERING .TO SELL MINIMUM OF 33.3 MILLION COMMON SHARES,MAXIMUM OF 41.7 MILLION COMMON SHARES AT PRICE OF C$0.60/COMMON EARNINGS PER SHARE.  Full Article

Aveda Transportation and Energy Services provides operational and banking update
Friday, 13 Jan 2017 08:30am EST 

Aveda Transportation and Energy Services Inc : Aveda Transportation and Energy Services provides operational and banking update . Aveda Transportation and Energy Services Inc says extended asset based operating facility to May 31, 2019, maximum amount of new facility is $92.5 million . Expects to invest approximately $4.0 million in hoisting equipment (predominately cranes) in 2017 . Aveda Transportation and Energy Services Inc says expects to invest approximately $1.0 - $2.0 million in maintenance capital expenditures in 2017 . Aveda Transportation and Energy Services Inc says new facility consists of committed facility of $77.5 million and an acquisition line accordion of $15.0 million . Aveda Transportation and Energy Services Inc says also expects to invest approximately $1.0 - $2.0 million in maintenance capital expenditures in 2017 .Aveda Transportation and Energy Services Inc says if co fail to raise $10 million in new equity in Q1 2017, would constitute event of default under new agreement.  Full Article

Aveda Transportation And Energy Services reports Q2 loss per share $0.51
Monday, 15 Aug 2016 04:15pm EDT 

Aveda Transportation And Energy Services Inc : Aveda Transportation And Energy Services announces results for the second quarter of 2016 . Q2 loss per share $0.51 .Q2 revenue $8.9 million versus $23 million.  Full Article

Aveda Transportation qtrly loss per share was $0.54
Monday, 16 May 2016 04:00pm EDT 

Aveda Transportation And Energy Services Inc : Qtrly loss per share was $0.54 compared to $0.06 per share in comparative period; . Revenue declined by 67% to $12.0 million in q1 of 2016 compared to $36.6 million in 2015 . Aveda expects 2016 to be "operationally challenging" . Expects to generate an adjusted ebitda loss during first half of 2016 . Based on current cash availability on debt facility, has financial capacity to meet obligations through 2016 .Aveda transportation and energy services announces results for the first quarter of 2016.  Full Article

Aveda Transportation and Energy Services says Appointment of Ronnie Witherspoon as Aveda's President and Chief Executive Officer effective March 3, 2016
Thursday, 25 Feb 2016 09:00am EST 

Aveda Transportation and Energy Services:Appointment of Ronnie Witherspoon as Aveda's President and Chief Executive Officer effective March 3, 2016.David Werklund, the Company's Executive Chairman, Interim President and CEO will continue to support Aveda's growth by continuing in his role of Executive Chairman.  Full Article

Aveda Transportation and Energy Services announces CEO Change
Wednesday, 14 Oct 2015 08:30am EDT 

Aveda Transportation and Energy Services:Says appointment of David Werklund as the interim president and chief executive officer of Aveda.Says board of directors of Aveda will immediately commence a search for a permanent president and CEO.Says werklund will remain as executive chairman and a member of the company's board of directors.Has obtained early release of $1.3 million held in escrow from previously announced sale of assets of hodges.  Full Article

Aveda Transportation and Energy Services Inc cuts total of 51 positions in Q3
Tuesday, 13 Oct 2015 08:00pm EDT 

Aveda Transportation and Energy Services Inc:Says Aveda has taken aggressive action to cut costs.During Q3 of 2015, Aveda eliminated a total of 51 administrative and non-revenue generating positions.Says expects that it will generate operational savings of approximately $5.0 million annually.Says cuts are in addition to the cuts Aveda previously announced.  Full Article

Seventy Seven Energy Inc announces closing of sale of Hodges Trucking Company, L.L.C. to Aveda Transportation and Energy Services Inc's subsidiary
Monday, 15 Jun 2015 07:00pm EDT 

Seventy Seven Energy Inc:Says completion of previously disclosed sale of Hodges Trucking Company, L.L.C. to wholly owned subsidiary of Aveda Transportation and Energy Services Inc.Says that at closing, SSE received aggregate consideration of $42 million, subject to a customary post-closing working capital adjustment, consisting of $15 million in cash and $27 million principal amount junior secured fixed rate note due June 15, 2020.Says note is secured by a second lien on substantially all of Aveda's fixed assets and accounts receivable.  Full Article

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