Key Developments: Calfrac Well Services Ltd (CFW.TO)
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Latest Key Developments (Source: Significant Developments)
Calfrac Well Services Ltd Announces Retirement Of Co-Founder And Chief Executive Officer Douglas R. Ramsay
Calfrac Well Services Ltd announced that Doug Ramsay, Co-Founder and Chief Executive Officer, intends to retire from the office of Chief Executive at the end of 2013. As part of a planned leadership succession process, the Board of Directors intends to appoint Fernando Aguilar, Calfrac's current President and Chief Operating Officer, to succeed Mr. Ramsay as President and Chief Executive Officer of the Company, on or about January 1, 2014. Mr. Ramsay is expected to become the Vice Chairman of the Company and to remain a member of the Board of Directors. Mr. Ramsay's continued responsibilities will include support work with senior executives, shareholder and customer relations, public and regulatory issues and various corporate initiatives. Full Article
Calfrac Well Services Ltd Announces Dividend
Calfrac Well Services Ltd announced that its Board of Directors has declared a dividend pursuant to its quarterly dividend policy. The dividend of $0.25 per common share will be paid on April 15, 2013 to shareholders of record on March 29, 2013. Full Article
Calfrac Well Services Ltd Declares Dividend
Calfrac Well Services Ltd announced that its Board of Directors has declared a dividend pursuant to its semi-annual dividend policy. The dividend of $0.50 per common share will be paid on December 21, 2012 to shareholders of record on December 14, 2012. Full Article
Calfrac Well Services Ltd Announces Retirement Of CFO
Calfrac Well Services Ltd announced that Laura Cillis, Calfrac's Senior Vice President, Finance and Chief Financial Officer, has advised the Company's Board of Directors and senior management team that she intends to retire by March 2013. The Corporation has initiated a search process. Full Article
Calfrac Well Services Ltd Announces Dividend
Calfrac Well Services Ltd announced that its Board of Directors has declared a dividend pursuant to its semi-annual dividend policy. The dividend of $0.50 per common share will be paid on July 16, 2012 to shareholders of record on June 29, 2012. Full Article
Calfrac Well Services Ltd Announces Dividend
Calfrac Well Services Ltd announced that its Board of Directors has approved an increase to its semi-annual dividend from $0.10 to $0.50 per common share, thereby increasing the annual dividend to $1.00 per common share. Full Article
Calfrac Well Services Ltd Announces Increased Dividend
Calfrac Well Services Ltd announced that its Board of Directors has approved a 33% increase to its semi-annual dividend from $0.075 to $0.10 per common share, thereby increasing the annual dividend to $0.20 per Common Share. In order to give shareholders an opportunity to enroll in the DRIP, the January dividend of $0.10 per common share of Calfrac, which has historically been paid on or about January 15 of each year, will be paid on January 31, 2012 to shareholders of record on January 16, 2012. Full Article
Calfrac Well Services Ltd Announces Normal Course Issuer Bid
Calfrac Well Services Ltd. announced that the Toronto Stock Exchange accepted the Company's notice of intention to make a normal course issuer bid for its common shares. The Company expects that the purchase of common shares will benefit the remaining shareholders of the Company by increasing their equity interest in the Company's assets. On October 31, 2011, there were 43,883,248 common shares outstanding and the public float was 32,462,169 common shares. Under the normal course issuer bid, the Company may acquire up to 3,246,216 common shares, which is 10% of the public float. The maximum number of common shares that may be acquired by the Company during the same trading day is 42,392, subject to the Company's ability to make one block purchase of common shares per calendar week that exceeds such limit. All purchases of common shares will be made through the facilities of the TSX at the market price of the shares at the time of acquisition. Any shares acquired will be cancelled. During the past 12 months, no shares have been repurchased by Calfrac. The normal course issuer bid will commence on November 7, 2011, and will terminate on November 6, 2012 or such earlier date on which Calfrac completes its purchases of common shares under the normal course issuer bid or terminates the normal course issuer bid at its option. Full Article
Calfrac Well Services Ltd. Announces Dividend
Calfrac Well Services Ltd. announced that its Board of Directors has declared a dividend pursuant to its semi-annual dividend policy. The dividend of $0.075 per common share will be paid on July 15, 2011 to shareholders of record on June 30, 2011. Full Article
REFILE-RESEARCH ALERT-Calfrac Well Services: RBC raises price target to C$30 from C$27; rating sector perform
Feb 28 - Calfrac Well Services Ltd : * RBC raises price target to C$30 from C$27; rating sector perform For a summary of rating and price target changes on U.S. companies: Reuters Eikon users, click on Reuters 3000Xtra users, double-click Reuters Station users, click .1568 For a summary of rating and price target changes on Canadian companies: Reuters Eikon users, click on Reuters 3000Xtra users, double-click Reuters Station users, click .4899
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