TRICAN WELL SVC CO LTD - TOLWF STOCK NEWS

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Trican Well Service Ltd. (TOLWF) is a leading company headquartered in Calgary, Alberta, supplying oil and natural gas well servicing equipment and solutions to customers through drilling, completion, and production cycles. With a team of technical experts, Trican offers state-of-the-art equipment, engineering support, reservoir expertise, and laboratory services for the oil and gas industry in Western Canada. As the largest pressure pumping service company in Canada, Trican focuses on hydraulic fracturing, cementing, coiled tubing, nitrogen services, and chemical sales. The company's recent financial performance showcases a strong balance sheet with positive working capital, free cash flow, and profit. Trican continues to invest in fleet upgrades, including Tier 4 Dynamic Gas Blending engine technology and fully electric ancillary equipment, to reduce environmental impact and support ESG goals. With a commitment to return capital to shareholders, Trican operates a Normal Course Issuer Bid program and pays quarterly dividends, reflecting its financial strength and growth strategies.

02/21/2024 06:34 PM

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Trican Reports Annual Results for 2023, Declares Quarterly Dividend and Announces 12.5% Dividend Increase

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Trican Well Service Ltd. reports positive financial results for 2023 with revenue of $972.7 million, an increase of 12% from 2022. Adjusted EBITDA was $235.6 million, up from $188.5 million in 2022. The company returned $112.8 million to shareholders and approved a 12.5% increase in quarterly dividends. Trican's balance sheet remains strong with positive working capital. The company operates the newest fleet of fracturing equipment in Canada, focusing on reducing emissions and fuel costs.

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01/02/2024 06:24 PM

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Trican Well Service Ltd. Announces Fourth Quarter and Year-End 2023 Conference Call

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Trican Well Service Ltd. (TSX: TCW) plans to release its Fourth Quarter and Year-End 2023 results on February 21, 2024, followed by a conference call on February 22, 2024, to discuss the results. The webcast of the conference call can be accessed through a URL provided, and the Q&A session can be participated in by calling the conference call operator. The call will be archived on Trican's website.

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12/05/2023 05:45 PM

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Trican Well Service Ltd. Amends and Extends Revolving Credit Facility

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Trican Well Service Ltd. (TSX: TCW) announces the extension and amendment of its revolving credit facility (RCF) with Canadian banks, increasing borrowing capacity to $150 million and extending the maturity date to December 4, 2026. The Amended RCF reflects current market conditions and the company's strong financial position, providing ample liquidity for its existing business.

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11/09/2023 09:51 PM

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Trican Reports Third Quarter Results for 2023, Declares Quarterly Dividend and Approved Preliminary 2024 Capital Budget

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Trican Well Service Ltd. (TSX: TCW) announced its third quarter results for 2023, reporting a 2% decrease in revenue to $252.5 million, adjusted EBITDAS of $68.5 million, and a preliminary capital budget for 2024 of $76 million. The company also disclosed the renewal of its NCIB program and a quarterly dividend of $0.04 per share, with a distribution to be made on December 29, 2023.

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10/10/2023 05:43 PM

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Trican Well Service Ltd. Announces Third Quarter 2023 Conference Call

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Trican Well Service Ltd. to release Third Quarter 2023 results

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10/02/2023 06:51 PM

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Trican Well Service Ltd. Announces Renewal of Normal Course Issuer Bid

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Trican Well Service Ltd. completes its 2022-2023 normal course issuer bid, repurchasing 23,083,554 Common Shares for $77.9 million. The Toronto Stock Exchange accepts its application to renew the NCIB for purchases from October 5, 2023, to October 4, 2024. Trican intends to purchase up to 21,004,897 Common Shares, representing 10% of the public float. The Company will not purchase more than 205,129 Common Shares per trading day. Trican views the NCIB program as an effective method to provide shareholder returns.

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08/01/2023 08:40 PM

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Trican Reports Second Quarter Results for 2023 and Declares Quarterly Dividend

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07/05/2023 04:27 PM

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Trican Well Service Ltd. Announces Second Quarter 2023 Conference Call

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05/12/2023 06:29 PM

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Trican Well Service Ltd. Announces the 2023 Annual Meeting Results

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05/11/2023 05:25 PM

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Trican Reports First Quarter Results for 2023 and Declares Quarterly Dividend

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Trican Well Service Ltd. reports improved Q1 results with a 36% increase in revenue compared to last year. Adjusted EBITDAS and adjusted EBITDA also saw significant increases. Trican's balance sheet remains strong with positive working capital. The company continues its return of capital strategy through share repurchases and dividends.

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FAQ

What is the current stock price of TRICAN WELL SVC CO (TOLWF)?

The current stock price of TRICAN WELL SVC CO (TOLWF) is $3.2935 as of October 30, 2024.

What is the market cap of TRICAN WELL SVC CO (TOLWF)?

The market cap of TRICAN WELL SVC CO (TOLWF) is approximately 654.2M.

Where is Trican Well Service Ltd. headquartered?

Trican Well Service Ltd. is headquartered in Calgary, Alberta.

What services does Trican provide?

Trican offers oil and natural gas well servicing equipment and solutions, including hydraulic fracturing, cementing, coiled tubing, nitrogen services, and chemical sales.

What are some of Trican's recent achievements?

Trican has shown a strong financial performance with positive working capital, free cash flow, and profit. The company also focuses on fleet upgrades to reduce environmental impact and support ESG goals.

How does Trican return capital to shareholders?

Trican operates a Normal Course Issuer Bid program and pays quarterly dividends, reflecting its financial strength and growth strategies.

What is Trican's position in the Canadian market?

Trican is the largest pressure pumping service company in Canada, offering state-of-the-art equipment, engineering support, reservoir expertise, and laboratory services for the oil and gas industry in Western Canada.