A director at Trican Well Service Ltd bought 27,000 shares at 4.820CAD and the significance rating of the trade was 62/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two year...
What you need to know: • We anticipate oil prices to remain within the US$80-$90 range, which will sustain the current uptick in E&P capital expenditure and foster a strong environment for oilfield services firms. • Our peer group continues to trade at deep-value multiples; currently at 4.5x/4.0x 2024E/2025E EBITDA. • We highlight a few of our favourite small-cap names that we believe have significant upside as we move into H2/24. Following our last oilfield services thematic note (published i...
What you need to know: • We expect oilfield service stocks to continue to outperform in 2023 and beyond based on supportive oil price fundamentals, rising capex levels amongst E&Ps, and pricing power leading to margin expansion • Despite the sector’s strong fundamental tailwinds and the probability for a multi-year commodity supercycle, oilfield service companies are still trading at trough-level multiples Investment Thesis Supportive Oil Prices While we will not go in-depth on oil price funda...
The general evaluation of TRICAN WELL SERVICE (CA), a company active in the Oil Equipment & Services industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date March 8, 2022, the closin...
Calgary, Alberta--(Newsfile Corp. - September 13, 2021) - Trican Well Service Ltd. (TSX: TCW) ("Trican" or the "Company") is pleased to announce that it will expand its fleet of next generation, low emissions fracturing equipment by upgrading a second set of existing pumping equipment ("the fleet") with CAT Tier 4 dynamic gas blending ("DGB") engines. The conversion to Tier 4 DGB engines will provide industry leading reductions in emissions and lower fuel costs for our customers. The Company will be upgrading 48,000 hydraulic horsepower ("HHP") from conventional diesel engines to the Tier 4 ...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Calgary, Alberta--(Newsfile Corp. - July 27, 2021) - Trican Well Service Ltd. (TSX: TCW) ("Trican" or the "Company") is pleased to announce its second quarter results for 2021. The following news release should be read in conjunction with Management's Discussion and Analysis ("MD&A"), the unaudited interim consolidated financial statements and related notes of Trican for the three and six months ended June 30, 2021, as well as the Annual Information Form for the year ended December 31, 2020. All of these documents are available on SEDAR at .HIGHLIGHTSConsolidated revenue from continuing oper...
Calgary, Alberta--(Newsfile Corp. - July 9, 2021) - Trican Well Service Ltd. (TSX: TCW) ("Trican" or the "Company") intends to release its Second Quarter 2021 results on Tuesday, July 27, 2021 after the close of the market. The company will host a conference call on Wednesday, July 28, 2021 at 10:00 a.m. MT (12:00 p.m. ET) to discuss the Company's results for the 2021 Second Quarter.To listen to the webcast of the conference call, please enter the following URL in your web browser: .You can also visit the Investors section of our website at and click on "Reports."To participate in the Q&A ses...
Calgary, Alberta--(Newsfile Corp. - June 16, 2021) - Trican Well Service Ltd. (TSX: TCW) ("Trican" or the "Company") announces that Michael Rapps will resign as a member of the Board of Directors of Trican effective June 18, 2021 to focus on his role as Managing Partner of Converium Capital. Mr. Rapps has served as a member of the Board since May 2019, and is a member of the Audit Committee and the Human Resources and Compensation Committee.Bradley Fedora, President and CEO of Trican, commented: "We enjoyed working with Michael this past few years. During the period, Michael showed that he is...
Calgary, Alberta--(Newsfile Corp. - May 17, 2021) - Trican Well Service Ltd. (TSX: TCW) ("Trican" or the "Company") is pleased to announce that Scott Matson will join the Company as Chief Financial Officer ("CFO"), effective June 14, 2021. As Trican's CFO, Mr. Matson will be responsible for Trican's accounting, finance, treasury and corporate reporting functions as well as support for investor relations.Most recently, Mr. Matson spent 14 years with Horizon North Logistics Inc. ("Horizon North") first as the Corporation's Controller, Operations Finance and, subsequently, as Chief Financial Offi...
Calgary, Alberta--(Newsfile Corp. - May 14, 2021) - Trican Well Service Ltd. (TSX: TCW) ("Trican" or the "Company") announces the final results from its 2021 annual and special meeting held on May 13, 2021 (the "Meeting").The following six nominees were elected as directors of Trican to hold office until the next annual meeting of shareholders of Trican, or until their successors are elected or appointed:Nominee# Votes For% Votes For# Votes Withheld% Votes WithheldThomas M Alford129,721,23594.43%7,657,9365.57%Bradley P.D. Fedora133,212,27096.97%4,166,9013.03%Trudy M. Curran109,197,46679.49%28,...
Calgary, Alberta--(Newsfile Corp. - May 12, 2021) - Trican Well Service Ltd. (TSX: TCW) ("Trican" or the "Company") is pleased to announce its first quarter results for 2021. The following news release should be read in conjunction with Management's Discussion and Analysis ("MD&A"), the unaudited interim consolidated financial statements and related notes of Trican for the three months ended March 31, 2021, as well as the Annual Information Form for the year ended December 31, 2020. All of these documents are available on SEDAR at .HIGHLIGHTSConsolidated revenue from continuing operations w...
Calgary, Alberta--(Newsfile Corp. - April 19, 2021) - Trican Well Service Ltd. (TSX: TCW) ("Trican" or the "Company") is pleased to announce that it will build and operate the first next generation, low emissions fracturing spread in Canada. As a fundamental component of our ESG strategy, Trican will upgrade our existing pumping equipment with CAT Tier 4 dynamic gas blending ("DGB") engines that will provide a leading-edge reduction in emissions and lower fuel costs for our industry. Once completed this fall, this CAT Tier 4 DGB upgraded fracturing spread will be deployed for Tourmaline Oil ...
Calgary, Alberta--(Newsfile Corp. - April 14, 2021) - Trican Well Service Ltd. (TSX: TCW) ("Trican" or the "Company") intends to release its First Quarter 2021 results on Wednesday, May 12, 2021 after the close of the market.The company will host a conference call on Thursday, May 13, 2021 at 10:00 a.m. MT (12:00 p.m. ET) to discuss the Company's results for the 2021 First Quarter.To listen to the webcast of the conference call, please enter the following URL in your web browser: .You can also visit the Investors section of our website at and click on "Reports". To participate in the Q&A sess...
Calgary, Alberta--(Newsfile Corp. - February 23, 2021) - Trican Well Service Ltd. (TSX: TCW) ("Trican" or the "Company") is pleased to announce its annual results for 2020, the appointment of interim CFO and appointment of the Chairman of the Board. The following news release should be read in conjunction with Management's Discussion and Analysis ("MD&A"), the audited annual consolidated financial statements, related notes of Trican and the Annual Information Form for the year ended December 31, 2020. All of these documents are available on SEDAR at .Trican is pleased to announce the appoin...
Calgary, Alberta--(Newsfile Corp. - February 16, 2021) - Trican Well Service Ltd. (TSX: TCW) ("Trican" or the "Company") intends to release its Fourth Quarter and Year-End 2020 results on Tuesday, February 23, 2021 after the close of the market. The company will host a conference call on Wednesday, February 24, 2021 at 10:00 a.m. MT (12:00 p.m. ET) to discuss the Company's results for the 2020 Fourth Quarter and Year-End.To listen to the webcast of the conference call, please enter the following URL in your web browser: .You can also visit the Investors section of our website at and click on ...
Calgary, Alberta--(Newsfile Corp. - January 18, 2021) - Trican Well Service Ltd. (TSX: TCW) ("Trican" or the "Company") is pleased to announce the appointment of Michael J. McNulty to its Board of Directors, effective January 18, 2021. Mr. McNulty will also serve as a member of the Audit Committee.Mr. McNulty is currently a Managing Partner at Pillar Four Capital. His distinguished career of over 40 years in the global energy services sector began at Schlumberger. Thereafter, he held executive positions with Precision Drilling Ltd., Saxon Energy Services Ltd. and Calfrac Well Services Ltd....
Calgary, Alberta--(Newsfile Corp. - January 13, 2021) - Trican Well Service Ltd. (TSX: TCW) ("Trican" or the "Company") announced today that Robert Skilnick, Trican's Chief Financial Officer, has resigned in order to pursue another business opportunity. Mr. Skilnick plans to remain with the Company to complete the year-end financial reporting process and to provide for an orderly transition period, which is anticipated to be completed in March 2021. Brad Fedora, Trican's President and Chief Executive Officer commented: "On behalf of Trican, I would like to thank Rob for his contributions dur...
Calgary, Alberta--(Newsfile Corp. - December 8, 2020) - Trican Well Service Ltd. (TSX: TCW) ("Trican" or the "Company") is pleased to announce the appointment of Thomas M. Alford to its Board of Directors, effective December 8, 2020. Following the appointment of Mr. Alford, the Board will be comprised of six directors, five of whom are independent. Mr. Alford is currently the President of Well Servicing at Precision Drilling Corp. and brings a distinguished career of 40 years in the western Canadian energy services sector to Trican's Board.He presently sits on the Board of Wajax Corporation,...
Calgary, Alberta--(Newsfile Corp. - November 30, 2020) - Trican Well Service Ltd. (TSX: TCW) ("Trican" or the "Company") is pleased to provide an update on its revolving credit facility ("RCF"). Trican has entered into an agreement with a syndicate of Canadian banks which amends and extends its RCF (the "Amended RCF"). The principal changes included in the Amended RCF are as follows:A one-year extension of the maturity date from December 5, 2021 to December 5, 2022.A nominal increase in the interest rates and standby fees in the applicable pricing grid that are more than offset by the recent m...
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