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Trican Well Service Ltd (TCW.TO)

TCW.TO on Toronto Stock Exchange

4.05CAD
19 Jan 2018
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Latest Key Developments (Source: Significant Developments)

Trican Announces First Half 2018 Capital Program
Monday, 11 Dec 2017 

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 

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 

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 

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 reports Q2 ‍net income per share $0.03​
Thursday, 10 Aug 2017 

Aug 10 (Reuters) - Trican Well Service Ltd -:Trican reports second quarter results for 2017 and updates 2017 capital program.Q2 revenue c$137.2 million.Q2 revenue view c$98.3 million -- Thomson Reuters I/B/E/S.Trican Well Service Ltd qtrly ‍net income per share $0.03​.Trican Well Service Ltd says expects to spend approximately $25 million on capital equipment during second half of 2017.Trican Well Service Ltd - "‍believe that demand is sufficient that two more fracturing crews can be added in Q3"​.Trican Well Service Ltd - ‍expects to spend approximately $25 million on capital equipment during second half of 2017​.  Full Article

Trican Well Service qtrly loss per share $0.26
Friday, 12 Aug 2016 

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 

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 

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 

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

BRIEF-Trican Well Service prices upsized underwritten secondary offering at $18.25 per share​

* TRICAN WELL SERVICE-PRICING OF UPSIZED UNDERWRITTEN SECONDARY OFFERING WHICH INCLUDES TRICAN OF 13.3 MILLION SHARES OF KEANE GROUP'S STOCK AT $18.25 PER SHARE​ Source text for Eikon: Further company coverage: