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Last C$2.81 CAD
Change Today +0.18 / 6.84%
Volume 1.8M
TDG On Other Exchanges
Symbol
Exchange
Toronto
OTC US
Frankfurt
As of 4:00 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

trinidad drilling ltd (TDG) Snapshot

Open
C$2.71
Previous Close
C$2.63
Day High
C$2.82
Day Low
C$2.61
52 Week High
09/2/14 - C$10.03
52 Week Low
08/24/15 - C$1.97
Market Cap
624.1M
Average Volume 10 Days
1.6M
EPS TTM
C$0.44
Shares Outstanding
222.1M
EX-Date
06/26/15
P/E TM
6.4x
Dividend
C$0.20
Dividend Yield
7.12%
Current Stock Chart for TRINIDAD DRILLING LTD (TDG)

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trinidad drilling ltd (TDG) Details

Trinidad Drilling Ltd. designs, builds, and operates drilling rigs. It also refurbishes drilling rigs and related equipment; and provides land and barge drilling services. As of December 31, 2014, the company operated 53 land drilling rigs in Canada; and 47 land drilling rigs in the United States. It also operates five barge rigs in the shallow waters adjacent to the Gulf of Mexico. The company was founded in 1996 and is headquartered in Calgary, Canada.

3,063 Employees
Last Reported Date: 03/4/15
Founded in 1996

trinidad drilling ltd (TDG) Top Compensated Officers

Chief Executive Officer, Non-Independent Dire...
Total Annual Compensation: C$600.0K
President
Total Annual Compensation: C$421.8K
Chief Financial Officer
Total Annual Compensation: C$306.0K
Chief Operating Officer of US & International...
Total Annual Compensation: C$332.7K
Compensation as of Fiscal Year 2014.

trinidad drilling ltd (TDG) Key Developments

Trinidad Drilling Ltd. Announces Management Changes

Trinidad Drilling Ltd. and CanElson Drilling Inc. announced that they have closed their previously announced strategic business combination. As part of the Transaction, three CanElson nominees, Elson McDougald, Donald Seaman and Dale Johnson have joined Trinidad's Board of Directors. Randy Hawkings, CanElson's Chief Executive Officer, has also joined Trinidad's senior management team as Executive Vice President and will be responsible for a large part of Trinidad's North American operations. In addition, the majority of CanElson's management team has joined Trinidad to assist with managing the ongoing operations of the combined company.

Trinidad Drilling Ltd. Reports Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Capital Expenditure Guidance for the Year 2015

Trinidad Drilling Ltd. reported consolidated unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, total revenue was CAD 95,213,000 against CAD 168,945,000 a year ago. Loss before income taxes was CAD 4,901,000 against CAD 32,034,000 a year ago. Net loss was CAD 1,467,000 or CAD 0.01 per basic and diluted share against CAD 24,815,000 or CAD 0.18 per basic and diluted share a year ago. Operating income was CAD 41,896,000 against CAD 45,605,000 a year ago. EBITDA was CAD 27,686,000 or CAD 0.26 per diluted share against CAD 5,445,000 or CAD 0.04 per diluted share a year ago. Adjusted EBITDA was CAD 34,679,000 or CAD 0.26 per diluted share against CAD 30,644,000 or CAD 0.22 per diluted share a year ago. The increase in the second quarter was largely the result of higher operating margins in the US and international division, increased activity in the joint venture and general and administrative savings, partly offset by lower activity in the Canadian and US operations driven by weakening commodity prices. Cash provided by operations was CAD 113,621,000 or CAD 0.85 per basic and diluted share against CAD 71,086,000 or CAD 0.51 per basic and diluted share a year ago. Funds provided by operations were CAD 25,132,000 or CAD 0.19 per basic and diluted share against CAD 30,285,000 or CAD 0.22 per basic and diluted share a year ago. Adjusted net loss was CAD 297,000 or CAD 0.00 per basic and diluted share against CAD 5,557,000 or CAD 0.04 per basic and diluted for the same period a year ago. Capital expenditures were was CAD 41,794,000 against CAD 71,587,000 a year ago. The increase in net earnings from the prior year was largely driven by impairment expense recognized in the prior year with no impairments recorded in 2015. For the six months, total revenue was CAD 289,609,000 against CAD 420,450,000 a year ago. Earnings before income taxes were CAD 11,585,000 against CAD 9,007,000 a year ago. Net income was CAD 10,663,000 or CAD 0.08 per basic and diluted share against CAD 947,000 or CAD 0.01 per basic and diluted share a year ago. Cash provided by operations was CAD 114,549,000 or CAD 0.86 per basic and diluted share against CAD 90,519,000 or CAD 0.65 per basic and diluted share a year ago. Funds provided by operations were CAD 61,224,000 or CAD 0.46 per basic and diluted share against CAD 91,142,000 or CAD 0.66 per basic and diluted share a year ago. Operating income was CAD 114,178,000 against CAD 140,797,000 a year ago. EBITDA was CAD 79,210,000 or CAD 0.59 per diluted share against CAD 86,700,000 or CAD 0.62 per diluted share a year ago. Adjusted EBITDA was CAD 94,708,000 or CAD 0.71 per diluted share against CAD 110,086,000 or CAD 0.79 per diluted share a year ago. Adjusted net earnings were CAD 17,728,000 or CAD 0.13 per basic and diluted share against CAD 22,189,000 or CAD 0.16 per basic and diluted share a year ago. Capital expenditures were was CAD 91,928,000 against CAD 102,793,000 a year ago. Net earnings increased year to date as a result of the items impacting the current quarter and were further impacted by lower income taxes, partly offset by higher finance and transaction costs, and a smaller gain on sale of property and equipment in the current period. Lower adjusted EBITDA on a year-to-date basis was largely driven by lower activity in the Canadian and US operations. The impact of lower activity was partly offset by higher early termination and standby revenue received in the US and international operations in the first half of 2015, compared to the prior year. For the year 2015, the company expects to spend a total of approximately CAD 175.0 million on capital projects. Excluding the impact of the proposed combination with CanElson, its expected full year capital expenditure spend remains unchanged at CAD 175 million.

Trinidad Drilling Ltd., Special/Extraordinary Shareholders Meeting, Aug 10, 2015

Trinidad Drilling Ltd., Special/Extraordinary Shareholders Meeting, Aug 10, 2015.

 

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Industry Analysis

TDG

Industry Average

Valuation TDG Industry Range
Price/Earnings 22.1x
Price/Sales 0.4x
Price/Book 0.3x
Price/Cash Flow 4.7x
TEV/Sales NM Not Meaningful
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