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Source Energy Services Ltd (SHLE.TO)

SHLE.TO on Toronto Stock Exchange

0.57CAD
16 Aug 2019
Change (% chg)

$0.02 (+3.64%)
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Open
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Volume
247,150
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66,262
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52-wk Low
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Latest Key Developments (Source: Significant Developments)

Source Energy Services Announces Changes To Its Board Of Directors, Fourth Quarter Operational Update
Wednesday, 20 Feb 2019 

Feb 20 (Reuters) - Source Energy Services Ltd ::SOURCE ENERGY SERVICES ANNOUNCES CHANGES TO ITS BOARD OF DIRECTORS, FOURTH QUARTER OPERATIONAL UPDATE AND OTHER MATTERS.SOURCE ENERGY SERVICES LTD - A.S. (STEW) HANLON HAS BEEN APPOINTED AS CHAIRMAN OF BOARD OF DIRECTORS.SOURCE ENERGY SERVICES LTD - CODY CHURCH HAS RESIGNED FROM BOARD OF DIRECTORS AND WILL BE REPLACED BY MICHAEL (MICK) MACBEAN.SOURCE ENERGY SERVICES LTD -AS WE ENTER 2019, CO HAS CASH ON HAND AND SIGNIFICANT UNUTILIZED BORROWING CAPACITY.  Full Article

Source Energy Services Reports Q3 Loss Per Share Of $0.02
Thursday, 1 Nov 2018 

Oct 31 (Reuters) - Source Energy Services Ltd ::SOURCE ENERGY SERVICES REPORTS Q3 RESULTS AND AMENDMENT TO NORMAL COURSE ISSUER BID.QTRLY LOSS PER SHARE $0.02.SOURCE'S SAND REVENUE DECREASED BY $10.5 MILLION, OR 10%, WHEN COMPARED TO THE SECOND QUARTER OF 2018.QTRLY SALES $123.4 MILLION VERSUS $81.2 MILLION.  Full Article

Source Energy Services Announces Agreement With Strath Resources Ltd.
Wednesday, 24 Oct 2018 

Oct 24 (Reuters) - Source Energy Services Ltd ::SOURCE ENERGY SERVICES ANNOUNCES AGREEMENT WITH STRATH RESOURCES LTD..SOURCE ENERGY SERVICES LTD - 3-YEAR AGREEMENT TO GIVE STRATH WITH NORTHERN WHITE PROPPANT, RELATED LOGISTICS SERVICES, FOR KAKWA AREA MONTNEY WELLS.  Full Article

Source Energy Services Announces Offering Of Senior Secured Notes
Wednesday, 23 May 2018 

May 23 (Reuters) - Source Energy Services Ltd ::SOURCE ENERGY SERVICES LTD. ANNOUNCES OFFERING OF SENIOR SECURED NOTES AND INCREASED CREDIT FACILITY.SOURCE ENERGY SERVICES LTD - INTENDS TO USE NET PROCEEDS FROM OFFERING TO REPAY DRAWN AMOUNTS UNDER ITS EXISTING CREDIT FACILITIES.SOURCE ENERGY - PRIVATE PLACEMENT OFFERING OF $40 MILLION AGGREGATE PRINCIPAL AMOUNT OF 10.5% SENIOR SECURED FIRST LIEN NOTES DUE DECEMBER 15, 2021.  Full Article

Source Energy Services Reports Q1 EPS $0.06
Thursday, 3 May 2018 

May 2 (Reuters) - Source Energy Services Ltd ::SOURCE ENERGY SERVICES REPORTS RECORD Q1 RESULTS, DESPITE RAILROAD ISSUES.QTRLY EARNINGS PER SHARE $0.06.SAND VOLUMES IN Q1 OF 2018 INCREASED BY 222,762 MT, OR 53%, COMPARED TO VOLUME OF SAND SOLD IN SAME PERIOD IN 2017.SAND REVENUE INCREASED IN Q1 OF 2018 BY $35.3 MILLION, OR 68%, COMPARED TO Q1 OF 2017."EXPECTS WELL COMPLETION ACTIVITIES AND FRAC SAND DEMAND IN 2018 TO CONTINUE TO BE ROBUST".  Full Article

Source Energy Services Announces 2018 Capital Budget
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - Source Energy Services Ltd ::SOURCE ENERGY SERVICES LTD. ANNOUNCES THE OPENING OF ITS FOX CREEK UNIT TRAIN TERMINAL AND ITS 2018 CAPITAL BUDGET.SOURCE ENERGY SERVICES LTD SEES 2018 CAPITAL BUDGET OF APPROXIMATELY $50 TO $65 MILLION.  Full Article

Source Energy Services Q3 net income $3 million
Monday, 13 Nov 2017 

Nov 13 (Reuters) - Source Energy Services Ltd :Source Energy Services reports record performance in the third quarter.Qtrly ‍sand sales volumes increased 225% from Q3 of last year​.Qtrly net income of $3 million versus net loss of $12.4 mln‍​.Qtrly ‍sand revenue $62.2 million versus $19.1 million​.Qtrly sand volumes 510,446 metric tonnes versus 157,210 metric tonnes​.  Full Article

Source Energy Services Ltd. announces acquisition of Preferred Sands' Wisconsin Mine, Processing Facility and Canadian Frac Sand Assets
Tuesday, 17 Oct 2017 

Oct 17 (Reuters) - Source Energy Services Ltd ::Announces acquisition of Preferred Sands' Wisconsin Mine, Processing Facility and Canadian Frac Sand Assets as well as $90 million in equity financings.Consideration for Acquisition includes U.S.$80 million in cash, subject to closing and post-closing adjustments​.Acquisition is expected to provide significant accretion in cash flow per share in 2018​.Acquisition is also expected to be immediately accretive, based on key operational metrics​.Financing deal by $25.1 million public bought deal equity financing, $65 million private placement equity financing, draws on credit facilities​.Prior to closing of acquisition, co expects to increase its revolver limit under its credit facilities from $35 million to $70 million​.Approximately $20 million of revolver limit will be utilized to finance acquisition​.In connection with deal, co ‍entered agreement with underwriters to issue 3 million shares on bought deal basis at $8.35 per share​.  Full Article

CANADA STOCKS-TSX futures lower as gold prices ease

July 9 Stock futures pointed to a lower opening for Canada's main stock index on Tuesday, weighed down by falling gold prices.