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Source Energy Services Ltd (SHLE.TO)

SHLE.TO on Toronto Stock Exchange

0.60CAD
13 Sep 2019
Change (% chg)

$0.01 (+1.69%)
Prev Close
$0.59
Open
$0.60
Day's High
$0.62
Day's Low
$0.60
Volume
7,800
Avg. Vol
56,162
52-wk High
$4.52
52-wk Low
$0.47

Latest Key Developments (Source: Significant Developments)

Source Energy Services Says Qrtly Share Loss $0.12
Thursday, 2 May 2019 

May 1 (Reuters) - Source Energy Services Ltd ::SOURCE ENERGY SERVICES REPORTS Q1 2019 RESULTS.QTRLY SAND SALES OF 698,347 METRIC TONNES AND SAND REVENUE OF $91.1 MILLION, UP 9% AND 5%, RESPECTIVELY, QUARTER-OVER-QUARTER.SAYS SOURCE IS EXPECTING ITS 2019 SALES VOLUMES TO BE SUBSTANTIALLY IN LINE WITH 2018.QRTLY SHARE LOSS $0.12.  Full Article

Source Energy Reports Qtrly Net Income Of $0.15 Per Share
Wednesday, 1 Aug 2018 

July 31 (Reuters) - Source Energy Services Ltd ::QTRLY NET INCOME $0.15 PER SHARE.QTRLY SALES $132.2 MILLION VERSUS $68.7 MILLION.  Full Article

Source Energy Announces Upsize And Pricing Of Senior Secured Notes Offering
Friday, 25 May 2018 

May 24 (Reuters) - Source Energy Services Ltd ::SOURCE ENERGY SERVICES LTD. ANNOUNCES UPSIZE AND PRICING OF AN OFFERING OF SENIOR SECURED NOTES.SOURCE ENERGY SERVICES - TWO CO'S UNITS TO ISSUE AND SELL AN ADDITIONAL $50 MILLION OF 10.5% SENIOR SECURED FIRST LIEN NOTES DUE DEC 15, 2021.SOURCE ENERGY SERVICES - EXISTING CREDIT FACILITY WAS AMENDED TO INCREASE AVAILABILITY FOR BORROWINGS THEREUNDER FROM $70 MILLION TO $88 MILLION.SOURCE ENERGY SERVICES - PROCEEDS FROM ISSUANCE OF ADDITIONAL NOTES WILL BE USED TO INITIALLY REPAY DRAWN AMOUNTS UNDER EXISTING CREDIT FACILITIES.SOURCE ENERGY SERVICES - ADDITIONAL NOTES WILL BE ISSUED AT $1,057.50 PER $1,000 PRINCIPAL AMOUNT WHICH REPRESENTS EFFECTIVE YIELD OF 7.953% TO 2020.  Full Article

Source Energy Services qtrly ‍loss per share $0.02​
Thursday, 15 Mar 2018 

March 14 (Reuters) - Source Energy Services Ltd ::SOURCE ENERGY SERVICES REPORTS SOLID PERFORMANCE IN THE FOURTH QUARTER TO COMPLETE A TRANSFORMATIVE YEAR.QTRLY ‍LOSS PER SHARE $0.02​.QTRLY ‍SALES $75.2 MILLION VERSUS $46 MILLION LAST YEAR ​.Q4 EARNINGS PER SHARE VIEW C$0.10, REVENUE VIEW C$86.8 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Source Energy Services Provides Q1 Operational Updates
Tuesday, 20 Feb 2018 

Feb 20 (Reuters) - Source Energy Services Ltd ::SOURCE ENERGY SERVICES LTD. PROVIDES FIRST QUARTER OPERATIONAL UPDATES.SOURCE ENERGY - THROUGHOUT JANUARY & EARLY FEBRUARY, CO EXPERIENCED A NUMBER OF WEATHER RELATED DELAYS IN RAIL SHIPMENTS FROM WISCONSIN FACILITIES.SOURCE ENERGY - TEMPORARY DELAYS IN RAIL SHIPMENTS EXPECTED TO BE RESOLVED IN COMING WEEKS, WILL RESULT IN LOWER THAN EXPECTED Q1 FRAC SAND SALES.SOURCE ENERGY SERVICES LTD - TEMPORARY DELAYS ARE NOT EXPECTED TO IMPACT OVERALL 2018 RESULTS.SOURCE ENERGY SERVICES LTD - EXPECTS UNFILLED Q1 SALES ORDERS WILL ULTIMATELY BE FILLED THROUGHOUT REMAINDER OF 2018.  Full Article

Source Energy Services Announces 2018 Capital Budget
Friday, 22 Dec 2017 

Dec 21 (Reuters) - Source Energy Services Ltd ::SOURCE ENERGY SERVICES LTD. ANNOUNCES THE OPENING OF ITS FOX CREEK UNIT TRAIN TERMINAL AND ITS 2018 CAPITAL BUDGET.SOURCE ENERGY SERVICES LTD SEES 2018 CAPITAL BUDGET OF APPROXIMATELY $50 TO $65 MILLION.  Full Article

Source Energy Services Q3 net income $3 million
Monday, 13 Nov 2017 

Nov 13 (Reuters) - Source Energy Services Ltd :Source Energy Services reports record performance in the third quarter.Qtrly ‍sand sales volumes increased 225% from Q3 of last year​.Qtrly net income of $3 million versus net loss of $12.4 mln‍​.Qtrly ‍sand revenue $62.2 million versus $19.1 million​.Qtrly sand volumes 510,446 metric tonnes versus 157,210 metric tonnes​.  Full Article

Source Energy Services Ltd. announces acquisition of Preferred Sands' Wisconsin Mine, Processing Facility and Canadian Frac Sand Assets
Wednesday, 18 Oct 2017 

Oct 17 (Reuters) - Source Energy Services Ltd ::Announces acquisition of Preferred Sands' Wisconsin Mine, Processing Facility and Canadian Frac Sand Assets as well as $90 million in equity financings.Consideration for Acquisition includes U.S.$80 million in cash, subject to closing and post-closing adjustments​.Acquisition is expected to provide significant accretion in cash flow per share in 2018​.Acquisition is also expected to be immediately accretive, based on key operational metrics​.Financing deal by $25.1 million public bought deal equity financing, $65 million private placement equity financing, draws on credit facilities​.Prior to closing of acquisition, co expects to increase its revolver limit under its credit facilities from $35 million to $70 million​.Approximately $20 million of revolver limit will be utilized to finance acquisition​.In connection with deal, co ‍entered agreement with underwriters to issue 3 million shares on bought deal basis at $8.35 per share​.  Full Article