Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

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
CALGARY AB T2P 4G8
Tel: N/A
Website: https://www.tricanwellservice.com
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