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Trinidad Drilling Ltd. and CanElson Drilling Inc. merger gives scale in ...
CALGARY - Trinidad Drilling Ltd. and CanElson Drilling Inc. announced Thursday a $505-million merger they say will give them much-needed scale in the oilfield services sector.
CanElson, Trinidad Drilling to merge in $505M deal
Trinidad Drilling acquires CanElson to set stage for oil-price recovery  The Globe and Mail
CanElson to combine with Trinidad
On June 11, Trinidad Drilling Ltd. and CanElson Drilling Inc. announced an combination worth $505 million. However, while the value of the deal is over half a billion dollars, just a small fraction of that will be paid in cash.
CanElson acquires Highkelly for $42 mln, boosts rig fleet
CanElson Drilling, Inc. (TSE:CDI), a provider of oilfield services, acquired Highkelly Drilling Ltd., a private Canadian drilling company, for $41.5 million, including debt.
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Trinidad Drilling Ltd. Announces Changes to Board Composition
Johnson, McDougald and Seaman joined Trinidad's board of directors following the acquisition of CanElson Drilling Inc. in August 2015.
Trinidad Drilling cuts dividend as losses mount despite more job cutting
In its first results since taking over rival CanElson Drilling Inc. in a cash and shares deal in August, Trinidad chopped its quarterly dividend to a penny per share from five cents, a move expected to save $36 million annually.
MATRRIX announces its intent to investigate complementary strategic ...
Mr. McDougald is subject to a Non-Competition Agreement entered into at the time of the sale of CanElson Drilling Inc. that restricts him from any involvement in the land-based contract drilling rig business until August 11, 2017.
Here's who will win if BC's LNG boom comes to life
That equipment includes bigger, better and deeper-reaching drilling rigs. It also means more of them. An AltaCorp report released the week of the B.C.
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'We will not do a stupid deal': Little M&A relief for distressed oil services ...
On Tuesday, Trinidad Drilling Ltd. and CanElson Drilling Inc. finalized a $505 million deal they announced in June, but other companies are too worried about jeopardizing their own balance sheets to prey on weaker rivals.
Drill rig firm digs deep to nurture intrapreneurial talent
To clients, which include Precision Drilling Corp., CanElson Drilling Inc. and Horizon Drilling, the fruits of Oil Country's innovative culture are much more material: more efficient, less costly and safer drill rigs designed for increasingly ...
Mexico emerging as new rival to Canada's oil sands
Canadian companies like Precision Drilling Corp., CanElson Drilling Inc. and Calfrac Well Service Corp. among others, have been active in Mexico, but the business makes up a tiny fraction of their overall businesses.
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