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Trican Well Service Ltd (TCW.TO)

TCW.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Trican and Canyon announce transaction update
Monday, 8 May 2017 07:00am EDT 

May 8 (Reuters) - Trican Well Service Ltd ::Trican and Canyon announce transaction update.Trican Well Service Ltd - received a no-action letter from competition bureau of Canada in respect of acquisition by trican of all shares of Canyon.Trican Well Service Ltd - no-action letter satisfies condition for approval of transaction required under competition act.  Full Article

Trican Well Service reports qtrly loss of $0.25/shr
Wednesday, 3 May 2017 06:00pm EDT 

May 3 (Reuters) - Trican Well Service Ltd :Trican Well Service Ltd. reports first quarter results for 2017.Trican Well Service Ltd qtrly revenue $149.4 million versus $99.8 million.Trican Well Service Ltd qtrly loss per share $0.25.Trican Well Service - "with current commodity price environment,we believe that demand is sufficient that two more fracturing crews can be added in q3".Trican Well Service Ltd - "hiring remains a significant challenge".  Full Article

Trican and Canyon to combine to create premier Canadian pressure pumping company
Wednesday, 22 Mar 2017 07:00am EDT 

Trican Well Service Ltd : Trican Well Service Ltd - Trican and Canyon to combine to create premier Canadian pressure pumping company . Trican Well Service - aggregate transaction value is approximately $637 million, including the assumption of approximately $40 million in Canyon debt . Trican Well Service Ltd - consideration to be received by Canyon shareholders reflects a value of $6.63 per Canyon share . Expect transaction to be significantly accretive to cash flow as integration is completed in 2018 . Trican Well Service - expects to achieve approximately $20 million in annual pre-tax synergies upon the expected completion of the integration in 2018 . Trican Well Service - on transaction completion , existing holders of Trican & Canyon shares to own about 56% and 44% of combined co, respectively .Trican Well Service- co to acquire all of issued & outstanding common shares of canyon on basis of 1.70 common shares of co for each outstanding Canyon share.  Full Article

Trican well Q4 basic and diluted $0.29
Thursday, 23 Feb 2017 12:55am EST 

Trican Well Service Ltd : Trican well service ltd. Reports fourth quarter and year end results for 2016 . Q4 revenue rose 47 percent .Qtrly income per share - basic and diluted $0.29.  Full Article

Trican Well Service qtrly loss per share $0.26
Thursday, 11 Aug 2016 10:06pm EDT 

Trican Well Service Ltd < : Trican Well Service Ltd reports second quarter results for 2016 . Qtrly revenue $32.5 million . Fy2016 earnings per share view C$-0.54, revenue view C$410.3 million -- Thomson Reuters I/B/E/S . Qtrly loss per share $0.26 . Revenue was down significantly in quarter due to reduced drilling and completion activity caused by low commodity prices .Expect to continue to minimize capital spending during 2016.  Full Article

Trican Well Service raises size of public offering to 37.5 mln shares
Thursday, 2 Jun 2016 08:09am EDT 

Trican Well Service Ltd : Trican Well Service increases bought deal to $60 million . To increase size of offering to 37.5 million common shares of Trican at a price of $1.60 per common share .Common shares are being offered on a "bought deal" basis to a syndicate of underwriters led by RBC Capital Markets and Scotiabank.  Full Article

Trican Well Service announces $40 mln bought deal financing
Wednesday, 1 Jun 2016 03:15pm EDT 

Trican Well Service Ltd : Announces $40 million bought deal financing and amended covenant package with its lenders . Underwriters have agreed to purchase on a "bought deal" basis 25 million common shares of trican at a price of $1.60 per common share . Net proceeds from offering will be used to reduce outstanding debt . Under agreed upon amendments, Trican would also agree to reduce its RCF commitment to $250 million .Granted underwriters an option to purchase an additional 3.75 million common shares at issue price to cover over-allotments.  Full Article

Trican Well Service reaches agreement for sale of its Completion tools business for C$53.5 mln
Wednesday, 1 Jun 2016 03:14pm EDT 

Trican Well Service Ltd: Trican Well Service reaches agreement for sale of its completion tools business for CAD$53.5 million . Total consideration payable to Trican consist of cash consideration of C$30 million and share consideration totaling C$23.5 million . Entered agreement with units of National Oilwell Varco for sale of Trican's completion tools business .Intends to use net cash proceeds from transaction to reduce its outstanding debt.  Full Article

Trican Well Service Ltd in negotiations for sale of United States Pressure Pumping Business
Tuesday, 12 Jan 2016 05:22pm EST 

Trican Well Service Ltd:Announces that it is in negotiations with Keane Group for the sale of Trican's United States pressure pumping business.Based upon the terms and conditions currently being discussed, management believes the offered price represents fair value for the business and that the sale of this business would be in the best interest of shareholders if acceptable terms and conditions can be negotiated.  Full Article

BRIEF-Trican and Canyon announce transaction update

* Trican Well Service Ltd - received a no-action letter from competition bureau of Canada in respect of acquisition by trican of all shares of Canyon