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Trinidad Drilling Ltd (TDG.TO)

TDG.TO on Toronto Stock Exchange

2.22CAD
23 Mar 2017
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$0.03 (+1.37%)
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Latest Key Developments (Source: Significant Developments)

Trinidad Drilling says has increased its capital budget for 2017 by $55 mln
Wednesday, 15 Mar 2017 05:13pm EDT 

Trinidad Drilling Ltd : Strong customer commitments drive increase of $55 million to trinidad drilling's 2017 capital budget . Trinidad drilling ltd says has increased its capital budget for 2017 by $55 million . Trinidad drilling ltd - has increased its capital budget for 2017 by $55 million . Trinidad drilling ltd - trinidad expects to spend approximately $95 million in capital expenditures in 2017, up from its initial budget of $40 million . Trinidad drilling ltd says expect to fund expanded capital program from cash generated from operations and cash on hand .Trinidad drilling- 2017 capital budget is comprised of anticipated rig upgrade projects totaling about $75 million, maintenance capital of about $20 million.  Full Article

Trinidad Drilling announces changes to its management team
Monday, 13 Mar 2017 07:00am EDT 

Trinidad Drilling Ltd - : Trinidad Drilling announces changes to its management team . Trinidad Drilling Ltd says effective March 12, 2017, Lyle Whitmarsh, Trinidad's ceo and member of co's board left Trinidad to pursue other interests .Trinidad Drilling Ltd says Brent Conway, previously Trinidad's president, will assume role of president and chief executive officer.  Full Article

Trinidad Drilling reports Q4 loss per share of $0.05
Wednesday, 1 Mar 2017 07:18pm EST 

Trinidad Drilling Ltd : Trinidad drilling reports fourth quarter and year-end 2016 results; year-over-year results lower but industry conditions improving . Trinidad drilling ltd qtrly loss per share $0.05 . Trinidad expects to spend $40 million in capital expenditures in 2017 . Qtrly revenue $93 million versus $138 million . Trinidad drilling ltd - expects to spend $40 million in capital expenditures in 2017 .Q4 earnings per share view c$-0.09, revenue view c$95.0 million -- Thomson Reuters I/B/E/S.  Full Article

Trinidad Drilling reports Q4 loss per share of $0.05
Wednesday, 1 Mar 2017 06:17pm EST 

Trinidad Drilling Ltd : Trinidad drilling reports fourth quarter and year-end 2016 results; year-over-year results lower but industry conditions improving . Trinidad drilling ltd qtrly loss per share $0.05 . Trinidad expects to spend $40 million in capital expenditures in 2017 . Qtrly revenue $93 million versus $138 million . Trinidad drilling ltd - expects to spend $40 million in capital expenditures in 2017 .Q4 earnings per share view c$-0.09, revenue view c$95.0 million -- Thomson Reuters I/B/E/S.  Full Article

Trinidad Drilling prices private offering of $350 mln senior notes
Friday, 27 Jan 2017 04:08pm EST 

Trinidad Drilling Ltd : Prices previously announced private offering of $350 million senior notes . Interest on notes will accrue at rate of 6.625% per annum .Notes will mature on February 15, 2025.  Full Article

Trinidad Drilling commences tender offer for aggregate principal amount of its 7 7/8 pct senior notes due 2019
Wednesday, 25 Jan 2017 07:24am EST 

Trinidad Drilling Ltd : Trinidad Drilling Ltd commences tender offer for any and all of the aggregate principal amount of its 7 7/8 pct senior notes due 2019 . Trinidad Drilling Ltd - as of January 24, 2017, US$450 million aggregate principal amount of notes were outstanding .Trinidad Drilling Ltd- tender offer will expire at 9:00 a.m., New York City time, on February 8, 2017.  Full Article

Trinidad Drilling increases previously announced bought deal financing to $130 mln
Friday, 20 Jan 2017 09:54am EST 

Trinidad Drilling Ltd : Trinidad Drilling Ltd. announces increase to previously announced bought deal financing to $130 million .Has increased size of previously announced offering to 41.3 million common shares, at a price of $3.15 per common share.  Full Article

Trinidad drilling announces $100 million bought deal financing
Thursday, 19 Jan 2017 04:12pm EST 

Trinidad Drilling Ltd - : Announces $100 million bought deal financing and intention to lower leverage and extend debt maturity .To offer on a bought deal basis 31.7 million common shares at a price of $3.15 per share.  Full Article

Trinidad Drilling announces amendments to its credit facility, debt covenants
Monday, 27 Jun 2016 08:00am EDT 

Trinidad Drilling Ltd : Trinidad Drilling Ltd announces amendments to its credit facility and debt covenants and provides operational update . Says given current market expectations, Trinidad expects to be able to operate within its debt covenants . Agreed to amend credit agreement governing its credit facility including reducing size of facility .Agreed to amend credit agreement governing credit facility including relaxing or eliminating certain of financial covenants.  Full Article

Trinidad Drilling Q1 earnings per share C$0.05
Monday, 9 May 2016 07:05pm EDT 

Trinidad Drilling Ltd : Qtrly revenue $107.6 million versus $194. 4 million . Says in 2016, expects to spend approximately $30.0 million in capital expenditure . Trinidad Drilling Ltd. Reports first quarter results; solid operating margins and lower debt levels, despite weak industry conditions . Q1 earnings per share C$0.05 .Q1 earnings per share view C$0.05 -- Thomson Reuters I/B/E/S.  Full Article

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BRIEF-Trinidad Drilling says has increased its capital budget for 2017 by $55 mln

* Strong customer commitments drive increase of $55 million to trinidad drilling's 2017 capital budget