Key Developments: Ensign Energy Services Inc (ESVIF.PK)
16.05USD
21 May 2013
$0.44 (+2.81%)
$15.61
$15.85
$16.05
$15.85
1,945
5,537
$17.93
$12.57
Latest Key Developments (Source: Significant Developments)
Ensign Energy Services Inc Declares Quarterly Cash Dividend
Ensign Energy Services Inc announced that it has declared a quarterly cash dividend on common shares of $0.110 per common share payable July 5, 2013. Full Article
Ensign Energy Services Inc Announces Dividend
Ensign Energy Services Inc announced that the Company declared a dividend for the first quarter of 2013. A quarterly dividend of $0.110 per common share is payable April 5, 2013 to all Common Shareholders of record as of March 27, 2013. Full Article
Ensign Energy Services Inc Announces Fourth Quarter Dividend
Ensign Energy Services Inc announced declaration of a 4.8% increase in regular fourth quarterly dividend to $0.11 per Common Share. The Board of Directors of Ensign has declared the dividend of $0.11 per Common Share to be payable on January 4, 2013 to all Common Shareholders of record as of December 21, 2012. The dividend payment is pursuant to the quarterly dividend policy adopted by the Company. Full Article
Ensign Energy Services Inc Declares Third Quarter Dividend
Ensign Energy Services Inc announced that the board of directors of the Company has declared a third quarter dividend of $0.105 per common share to be payable October 5, 2012 to all Common Shareholders of record as of September 20, 2012. Full Article
Ensign Energy Services Inc. Announces Renewal Of Normal Course Issuer Bid
Ensign Energy Services Inc. announced that the Toronto Stock Exchange has accepted Ensign's Notice of Intention to commence a Normal Course Issuer Bid to purchase, from time to time, as it considers advisable, up to 4,596,397 common shares (which is equal to 3% of the outstanding common shares) on the open market through the facilities of the TSX or other Canadian alternative markets, if eligible. The number of common shares that can be purchased pursuant to the Bid is subject to a daily maximum of 66,358 common shares (which is equal to 25% of the average daily trading volume for the six months ended May 31, 2012). The average daily trading volume for the six months ended May 31, 2012 was 265,435 common shares. The price that Ensign will pay for any common share under the Bid will be the prevailing market price on the TSX at the time of such purchase or, with respect to purchases made on the alternative markets, such price as is required under applicable securities legislation. Common shares acquired under the Bid will be subsequently cancelled. The Bid will commence on June 18, 2012 and will terminate on June 17, 2013 or such earlier time as the Bid is completed or terminated at the option of Ensign. The Bid is a renewal of the normal course issuer bid commenced by the Company on June 7, 2011, which expired on June 6, 2012. Under the Recent Bid the Company did not purchase any common shares. Full Article
Ensign Energy Services Inc. Announces Closing Of Private Placement Of Senior Unsecured Notes
Ensign Energy Services Inc. announced that it has closed a private placement of USD300 million in senior unsecured notes (Private Placement). The Private Placement consists of: USD100 million in five year notes with an interest rate of 3.43% and a maturity date of February 22, 2017; USD100 million in seven year notes with an interest rate of 3.97% and a maturity date of February 22, 2019; and USD100 million in ten year notes with an interest rate of 4.54% and a maturity date of February 22, 2022. The notes are unsecured and rank equally with Ensign's bank facilities. Ensign used the net proceeds of the Private Placement to repay USD300 million of Ensign's recent USD400 million term facility that was put in place for the acquisition of the Rowan Land Drilling division and for general corporate purposes. HSBC Securities (USA) Inc. acted as the sole book runner and lead private placement agent; and J.P. Morgan Securities LLC and RBC Capital Markets, LLC acted as co-placement agents for the Private Placement. Full Article
Ensign Energy Services Inc. Announces Increase in Fourth Quarter Dividend
Ensign Energy Services Inc. announced the declaration of a 10.5% increase in its regular quarterly dividend to $0.1050 per Common Share. The Board of Directors of Ensign has declared the dividend of $0.1050 per Common Share to be payable on January 5, 2012, to all Common Shareholders of record as of December 22, 2011. The dividend payment is pursuant to the quarterly dividend policy adopted by the Company. Full Article
Ensign Energy Services Inc. Announces Closing Of United States Oilfield Services Acquisition
Ensign Energy Services Inc. announced that it has completed the previously announced acquisition of the land drilling division of Rowan Companies, Inc. (Rowan Land Drilling). The transaction, which is effective and closed on September 1, 2011, expands the Company's United States oilfield services operations into the southern United States market. The drilling rig fleet consists of 30 deeper capacity electric land drilling rigs that are well suited for extended-reach drilling in the oil and natural gas resource plays of Texas, Louisiana, Arkansas, Alabama and Oklahoma. Rowan Land Drilling was acquired for USD510 million and provides Ensign with a substantial presence in the southern United States market. The purchase price was funded through the Company's existing working capital, available lines of credit and a new term facility of USD400 million. Full Article
Ensign Energy Services Inc. Declares Third Quarter Dividend
Ensign Energy Services Inc. announced that its Board of Directors of the Company has declared a third quarter dividend of $0.095 per common share to be payable October 5, 2011 to all Common Shareholders of record as of September 20, 2011. Full Article
Ensign Energy Services Inc. To Buy Rowan Companies, Inc.'s Land Drilling Division For $510 Million-DJ
Dow Jones reported that Ensign Energy Services Inc. signed an agreement to acquire Rowan Companies, Inc.'s land drilling division for USD510 million plus working capital. The purchase price is payable in cash and will be funded its existing working capital, available lines of credit and a new term facility of up to USD400 million. The assets being acquired include 30 deeper capacity electric land- drilling rigs, all of which are equipped with top drives. The fleet is well suited for extended-reach drilling in the oil and natural gas resource plays of Texas, Louisiana, Alabama and Oklahoma. Full Article
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