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Trinidad Drilling Ltd (TDG.TO)

TDG.TO on Toronto Stock Exchange

1.77CAD
16 Aug 2018
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Latest Key Developments (Source: Significant Developments)

Trinidad Drilling Says Continues To Review Certain Non-Core Asset Sale Opportunities, Co To Conclude Formal Strategic Review Process
Wednesday, 1 Aug 2018 

Aug 1 (Reuters) - Trinidad Drilling Ltd ::TRINIDAD DRILLING LTD. CONCLUDES STRATEGIC REVIEW WITH CLEARLY DEFINED FUTURE PLAN; ANNOUNCES NEW DIRECTOR.TRINIDAD DRILLING LTD - CONTINUES TO REVIEW CERTAIN NON-CORE ASSET SALE OPPORTUNITIES, BUT HAS DECIDED TO CONCLUDE FORMAL STRATEGIC REVIEW PROCESS.TRINIDAD DRILLING LTD - BOARD DETERMINED TO PURSUE TRINIDAD'S REVISED FIVE-YEAR STRATEGIC PLAN.TRINIDAD DRILLING - CO WILL CONTINUE TO EVALUATE FURTHER OPPORTUNITIES TO LEVERAGE ITS CURRENT ASSET BASE THROUGH STRATEGIC MERGERS OR ACQUISITIONS.TRINIDAD DRILLING LTD - APPOINTS JOHN BLOCKER TO ITS BOARD, EXPANDING BOARD TO SIX INDEPENDENT DIRECTORS.TRINIDAD DRILLING LTD - BOARD IS ACTIVELY CONSIDERING ADDITIONAL DIRECTORS.  Full Article

Trinidad Drilling Provides Update On Operations And Advancement Of Its Technology Platform
Thursday, 12 Jul 2018 

July 12 (Reuters) - Trinidad Drilling Ltd ::TRINIDAD DRILLING PROVIDES AN UPDATE ON ITS OPERATIONS AND THE ADVANCEMENT OF ITS TECHNOLOGY PLATFORM.TRINIDAD DRILLING LTD - ANNOUNCED ACQUISITION OF GMXSTEERING.TRINIDAD DRILLING LTD - AGREED TO PURCHASE GMXSTEERING FOR US$2 MILLION.TRINIDAD DRILLING - EXPECTS TO PUT ADDITIONAL RIGS BACK TO WORK, BRINGING ITS TOTAL US ACTIVE RIG COUNT TO ABOUT 45 RIGS BY END OF YEAR.TRINIDAD DRILLING LTD - EXPECTS TO FUND ITS CAPITAL PROGRAM THROUGH CASH FLOW GENERATED FROM OPERATIONS AND PROCEEDS FROM SALE OF ASSETS.  Full Article

Trinidad Drilling Announces Changes To Its Board Of Directors
Tuesday, 3 Jul 2018 

July 3 (Reuters) - Trinidad Drilling Ltd ::TRINIDAD DRILLING ANNOUNCES CHANGES TO ITS BOARD OF DIRECTORS.SAYS KEN STICKLAND APPOINTED CHAIRMAN OF THE BOARD.MICHAEL HEIER, TRINIDAD'S CHAIRMAN AND FOUNDER, HAS RESIGNED.  Full Article

Trinidad Drilling Expands International Operations Awarded Contract For Two Rigs In Kuwait
Thursday, 28 Jun 2018 

June 28 (Reuters) - Trinidad Drilling Ltd ::TRINIDAD DRILLING EXPANDS INTERNATIONAL OPERATIONS; AWARDED CONTRACT FOR TWO RIGS IN KUWAIT.AWARD IN KUWAIT FOR TWO TRINIDAD DRILLING INTERNATIONAL (TDI) JOINT VENTURE RIGS ON A FIVE-YEAR CONTRACT.TRINIDAD EXPECTS THAT JOINT VENTURE RIGS WILL BEGIN OPERATING BY LATE IN Q1 OR EARLY IN Q2 OF 2019.TRINIDAD DRILLING -EXPECTS TO FUND ADDITIONAL UPGRADE CAPITAL FROM CASH IN TDI JOINT VENTURE.RIGS WILL UNDERGO CAPITAL UPGRADES OF APPROXIMATELY US$22 MILLION PER RIG.  Full Article

Trinidad Drilling Qtrly Net Loss Per Share $0.08
Tuesday, 8 May 2018 

May 7 (Reuters) - Trinidad Drilling Ltd ::TRINIDAD DRILLING REPORTS FIRST QUARTER 2018 RESULTS; CONTINUED FOCUS ON SHAREHOLDER VALUE AND IMPROVING OPERATIONAL RESULTS.QTRLY REVENUE $153.2 MILLION VERSUS $132.7 MILLION.QTRLY NET LOSS PER SHARE $0.08.Q1 EARNINGS PER SHARE VIEW C$-0.07, REVENUE VIEW C$150.0 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Trinidad Drilling Sells Its Three Remaining Saudi Arabian Rigs
Thursday, 12 Apr 2018 

April 12 (Reuters) - Trinidad Drilling Ltd ::TRINIDAD DRILLING LTD. SHOWS PROGRESS ON STRATEGIC REVIEW WITH SALE OF SAUDI ARABIAN RIGS.RIGS AND RELATED EQUIPMENT WILL BE SOLD FOR ABOUT $30 MILLION EACH, OR $91 MILLION IN TOTAL GROSS PROCEEDS.AGREED TO SELL ITS 3 REMAINING RIGS LOCATED IN SAUDI ARABIA OWNED BY ITS INTERNATIONAL JV, TRINIDAD DRILLING INTERNATIONAL.EXPECTS TO SPEND A TOTAL OF $57.5 MILLION IN GROWTH CAPITAL IN 2018.TRINIDAD'S SHARE OF PROCEEDS TOTALS APPROXIMATELY US$55 MILLION.FOLLOWING CLOSE OF SALE, TDI EXPECTS TO DISTRIBUTE NET PROCEEDS FROM ASSET SALE TO ITS PARTNERS.  Full Article

Trinidad Drilling Ltd Lowers G&A Guidance By Nearly 20 pct
Tuesday, 9 Jan 2018 

Jan 8 (Reuters) - Trinidad Drilling Ltd ::‍CO IS LOWERING ITS GUIDANCE FOR 2018 GENERAL AND ADMINISTRATIVE (G&A) EXPENSES TO $43 MILLION​.. OUTLINES RECENT RIGMINDER PROGRESS, LOWERS G&A GUIDANCE BY NEARLY 20%.TRINIDAD DRILLING -‍NEW 2018 GUIDANCE REPRESENTS A REDUCTION OF ABOUT 20% FROM PRIOR 2018 GUIDANCE AND 25% REDUCTION FROM EXPECTED 2017 G&A EXPENSES​.  Full Article

Trinidad Drilling Announces The Extension And Amendment Of Its Credit Facility
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - Trinidad Drilling Ltd ::TRINIDAD DRILLING LTD. ANNOUNCES THE EXTENSION AND AMENDMENT OF ITS CREDIT FACILITY.TRINIDAD DRILLING LTD - ‍AGREED TO EXTEND MATURITY OF COMPANY'S EXISTING CREDIT FACILITY BY TWO YEARS, EXTENDING MATURITY DATE TO DECEMBER 12, 2020​.TRINIDAD DRILLING LTD - MINOR AMENDMENTS WERE MADE TO FACILITY AND SIZE OF CREDIT FACILITY REMAINS UNCHANGED AT C$100 MILLION AND US$100 MILLION​.TRINIDAD DRILLING-EXPECTS BANK EBITDA TO CASH INTEREST EXPENSE COVENANT TO BE POSITIVELY IMPACTED IN 2018 BY LOWER INTEREST RATE ON ITS SENIOR NOTES​.  Full Article

CANADA STOCKS-TSX futures gain as Turkish lira recovers

Aug 14 Futures at Canada's main stock index rose on Tuesday, tracking gains in global markets as Turkish lira recovered from a two-day rout.