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Trican Well Service Ltd (TCW.TO)

TCW.TO on Toronto Stock Exchange

3.60CAD
16 Feb 2018
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Latest Key Developments (Source: Significant Developments)

Trican Announces First Half 2018 Capital Program
Monday, 11 Dec 2017 08:30am EST 

Dec 11 (Reuters) - Trican Well Service Ltd ::TRICAN ANNOUNCES FIRST HALF 2018 CAPITAL PROGRAM, UPDATES THE STATUS OF ITS NORMAL COURSE ISSUER BID AND PROVIDES AN OPERATIONAL UPDATE.TRICAN WELL SERVICE SAYS ANNOUNCES CAPITAL PROGRAM OF $44 MILLION FOR FIRST HALF OF 2018.  Full Article

Trican Announces First Half 2018 Capital Program
Monday, 11 Dec 2017 08:30am EST 

Dec 11 (Reuters) - Trican Well Service Ltd ::TRICAN ANNOUNCES FIRST HALF 2018 CAPITAL PROGRAM, UPDATES THE STATUS OF ITS NORMAL COURSE ISSUER BID AND PROVIDES AN OPERATIONAL UPDATE.TRICAN WELL SERVICE LTD - EXPECTS MODEST H1 2018 CAPITAL PROGRAM WITH ALLOCATION OF $22 MILLION FOR MAJOR COMPONENTS.TRICAN WELL SERVICE LTD - PLEASED TO ANNOUNCE ITS CAPITAL PROGRAM OF $44 MILLION FOR FIRST HALF OF 2018.TRICAN WELL SERVICE LTD - TRICAN MAY STILL PURCHASE AN ADDITIONAL 28.6 MILLION COMMON SHARES OVER NEXT 10 MONTHS OF PROGRAM.TRICAN WELL SERVICE - NOT PLANNING TO BUILD OR GROW HYDRAULIC HORSEPOWER BEYOND CURRENT TOTAL FOOTPRINT OF 680,000 HHP.TRICAN WELL SERVICE - "Q3 STRONG ACTIVITY LEVELS CONTINUED INTO FIRST HALF OF Q4".TRICAN WELL SERVICE SEES LOWER OVERALL PROPPANT VOLUMES FOR Q4 VERSUS Q3 PROPPANT VOLUMES OF 563,000 TONNES.TRICAN WELL - DURING OCTOBER AND NOVEMBER TRICAN PROPPANT VOLUMES WERE ABOUT 310,000 TONNES.TRICAN WELL - "CONTINUE TO HAVE VISIBILITY FOR SIGNIFICANT FIRST HALF 2018 DEMAND".  Full Article

Trican amends revolving credit facility
Friday, 10 Nov 2017 04:00am EST 

Nov 10 (Reuters) - Trican Well Service Ltd :Trican amends revolving credit facility.‍Entered into an agreement with its bank lenders which amends and extends its revolving credit facility ("rcf")​.‍Principal amendments to RCF include an 18-month extension of maturity date from October 18, 2018 to April 18, 2020​.‍Amendments to RCF also include reduction in interest pricing grid and stand-by fees​.  Full Article

Trican reports Q3 2017 revenue of C$362.8 million
Wednesday, 1 Nov 2017 07:44pm EDT 

Nov 1 (Reuters) - Trican Well Service Ltd -:Trican reports third quarter results for 2017.Q3 revenue C$362.8 million versus I/B/E/S view C$312.6 million.Q3 earnings per share C$0.14.Q3 earnings per share view C$0.10 -- Thomson Reuters I/B/E/S.Now anticipates strong demand for co's services will continue beyond 2017 and into the first half of 2018‍​.Trican Well Service Ltd qtrly ‍net income per share diluted $0.13​.  Full Article

Trican Well Service announces normal course issuer bid
Thursday, 28 Sep 2017 05:36pm EDT 

Sept 28 (Reuters) - Trican Well Service Ltd :Trican Well Service Ltd. announces normal course issuer bid.Trican Well Service-TSX accepted application to make normal course issuer bid to purchase, from Oct 03, 2017 to Oct 02, 2018 certain of its shares​.Trican Well Service Ltd - ‍number of common shares which may be purchased during period of bid will not exceed 34.3 million common shares​.  Full Article

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

BRIEF-Trican Announces First Half 2018 Capital Program

* TRICAN ANNOUNCES FIRST HALF 2018 CAPITAL PROGRAM, UPDATES THE STATUS OF ITS NORMAL COURSE ISSUER BID AND PROVIDES AN OPERATIONAL UPDATE