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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 Reports Q4 Diluted Earnigs Per Share $0.05
Wednesday, 21 Feb 2018 10:38pm EST 

Feb 21 (Reuters) - Trican Well Service Ltd ::TRICAN REPORTS ANNUAL RESULTS FOR 2017.Q4 REVENUE ROSE 144 PERCENT TO C$280.5 MILLION.FIRST HALF 2018 CAPITAL EXPENDITURE PROGRAM IS NOW PROJECTED TO BE $33 MILLION.QTRLY DILUTED EARNIGS PER SHARE $ 0.05 ‍​.WAGE RATE ADJUSTMENTS ARE ANTICIPATED TO COST TRICAN APPROXIMATELY $15 MILLION ON AN ANNUALIZED BASIS.CONTINUES TO SEE AN INCREASE TO MAINTENANCE CAPITAL EXPENDITURES AS THE INTENSITY OF HYDRAULIC FRACTURING INCREASES.BELIEVE EXPENSING, RATHER THAN CAPITALIZING FLUID ENDS WILL RESULT IN DECREASE TO ANNUAL FY CAP EX PROGRAM BY $25 MILLION TO $30 MILLION.  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 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

BRIEF-Trican Reports Q4 Diluted Earnigs Per Share $0.05

* FIRST HALF 2018 CAPITAL EXPENDITURE PROGRAM IS NOW PROJECTED TO BE $33 MILLION