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Trinidad Drilling Ltd (TDG.TO)

TDG.TO on Toronto Stock Exchange

1.81CAD
19 Jun 2018
Change (% chg)

$-0.01 (-0.55%)
Prev Close
$1.82
Open
$1.80
Day's High
$1.82
Day's Low
$1.79
Volume
143,600
Avg. Vol
612,412
52-wk High
$2.11
52-wk Low
$1.43

Latest Key Developments (Source: Significant Developments)

Trinidad Drilling Qtrly Net Loss Per Share $0.08
Tuesday, 8 May 2018 

May 7 (Reuters) - Trinidad Drilling Ltd ::TRINIDAD DRILLING REPORTS FIRST QUARTER 2018 RESULTS; CONTINUED FOCUS ON SHAREHOLDER VALUE AND IMPROVING OPERATIONAL RESULTS.QTRLY REVENUE $153.2 MILLION VERSUS $132.7 MILLION.QTRLY NET LOSS PER SHARE $0.08.Q1 EARNINGS PER SHARE VIEW C$-0.07, REVENUE VIEW C$150.0 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Trinidad Drilling Sells Its Three Remaining Saudi Arabian Rigs
Thursday, 12 Apr 2018 

April 12 (Reuters) - Trinidad Drilling Ltd ::TRINIDAD DRILLING LTD. SHOWS PROGRESS ON STRATEGIC REVIEW WITH SALE OF SAUDI ARABIAN RIGS.RIGS AND RELATED EQUIPMENT WILL BE SOLD FOR ABOUT $30 MILLION EACH, OR $91 MILLION IN TOTAL GROSS PROCEEDS.AGREED TO SELL ITS 3 REMAINING RIGS LOCATED IN SAUDI ARABIA OWNED BY ITS INTERNATIONAL JV, TRINIDAD DRILLING INTERNATIONAL.EXPECTS TO SPEND A TOTAL OF $57.5 MILLION IN GROWTH CAPITAL IN 2018.TRINIDAD'S SHARE OF PROCEEDS TOTALS APPROXIMATELY US$55 MILLION.FOLLOWING CLOSE OF SALE, TDI EXPECTS TO DISTRIBUTE NET PROCEEDS FROM ASSET SALE TO ITS PARTNERS.  Full Article

Trinidad Drilling Ltd Lowers G&A Guidance By Nearly 20 pct
Tuesday, 9 Jan 2018 

Jan 8 (Reuters) - Trinidad Drilling Ltd ::‍CO IS LOWERING ITS GUIDANCE FOR 2018 GENERAL AND ADMINISTRATIVE (G&A) EXPENSES TO $43 MILLION​.. OUTLINES RECENT RIGMINDER PROGRESS, LOWERS G&A GUIDANCE BY NEARLY 20%.TRINIDAD DRILLING -‍NEW 2018 GUIDANCE REPRESENTS A REDUCTION OF ABOUT 20% FROM PRIOR 2018 GUIDANCE AND 25% REDUCTION FROM EXPECTED 2017 G&A EXPENSES​.  Full Article

Trinidad Drilling Announces The Extension And Amendment Of Its Credit Facility
Friday, 1 Dec 2017 

Nov 30 (Reuters) - Trinidad Drilling Ltd ::TRINIDAD DRILLING LTD. ANNOUNCES THE EXTENSION AND AMENDMENT OF ITS CREDIT FACILITY.TRINIDAD DRILLING LTD - ‍AGREED TO EXTEND MATURITY OF COMPANY'S EXISTING CREDIT FACILITY BY TWO YEARS, EXTENDING MATURITY DATE TO DECEMBER 12, 2020​.TRINIDAD DRILLING LTD - MINOR AMENDMENTS WERE MADE TO FACILITY AND SIZE OF CREDIT FACILITY REMAINS UNCHANGED AT C$100 MILLION AND US$100 MILLION​.TRINIDAD DRILLING-EXPECTS BANK EBITDA TO CASH INTEREST EXPENSE COVENANT TO BE POSITIVELY IMPACTED IN 2018 BY LOWER INTEREST RATE ON ITS SENIOR NOTES​.  Full Article

BRIEF-Trinidad Drilling Qtrly Net Loss Per Share $0.08

* TRINIDAD DRILLING REPORTS FIRST QUARTER 2018 RESULTS; CONTINUED FOCUS ON SHAREHOLDER VALUE AND IMPROVING OPERATIONAL RESULTS