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Trican Well Service Ltd. (T:TCW)

Business Focus: Oil Related Services and Equipment

Sector:  Energy Industry:  Oil Related Services and Equipment
See Regulatory Filings on SEDAR
Company Contact
Address: 2900, 645 - 7 Avenue SW
Tel: N/A
IR: See website
Key People
Bradley P.D. Fedora
Independent Chairman of the Board
Dale M. Dusterhoft
President, Chief Executive Officer, Director
Robert Skilnick
Chief Financial Officer
Michael A. Baldwin
Executive Vice President
Robert J. Cox
Senior Vice President - Operations
Chika Benjamin Onwuekwe
Vice President - Legal, General Counsel and Corporate Secretary
David Westlund
Vice President of Sales and Marketing
Business Overview
Trican Well Service Ltd. is a Canada-based oilfield services company. The Company provides an array of specialized products, equipment, services and technology for use in the drilling, completion, stimulation and reworking of oil and gas wells in Canada, the United States, Kazakhstan, Russia and Norway, as well as limited operations in Saudi Arabia and Colombia. The Company operates through three divisions: Canada, the United States and International. The Canadian operations provide cementing, fracturing, coiled tubing, nitrogen, geological, acidizing, reservoir management, industrial cleaning and pipeline, and completion systems and downhole tool services. The United States operations provide cementing, fracturing, coiled tubing, nitrogen, acidizing and completion systems and downhole tool services. The International operations provide cementing, fracturing, coiled tubing, acidizing, nitrogen, and completion systems and downhole tool services.
Financial Overview
For the three months ended 31 March 2020, Trican Well Service Ltd revenues decreased 19% to C$191.8M. Net loss before extraordinary items increased from C$4.1M to C$154.5M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Impairment - Non-financial assets increase from C$0K to C$141.1M (expense).
Employees: 1,955 as of Dec 31, 2018
Reporting Currency: Canadian Dollars
Enterprise value: $261.26M as of Mar 31, 2020
Annual revenue (TTM): $582.19M as of Mar 31, 2020
EBITDA (TTM): $16.74M as of Mar 31, 2020
Net annual income (TTM): -$219.76M as of Mar 31, 2020
Free cash flow (TTM): $12.09M as of Mar 31, 2020
Net Debt Last Fiscal Year: $42.73M as of Mar 31, 2020
Shares outstanding: 266,731,435 as of Apr 13, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization