- From October 5, 2022, to October 4, 2023, Trican may purchase 23,083,554 common shares
- Daily purchases may not exceed 277,415 common shares
- All common shares purchased through the NCIB will be returned to treasury for cancellation
- Trican Well Service Ltd, an equipment services company, provides products, equipment, services, and technology for drilling, stimulation, and reworking of oil and gas wells
- Trican Well Service Ltd. (TCW) opened trading at C$2.87
Trican Well Service (TCW) has received approval to renew its normal course issuer bid.
Under the 2021-2022 NCIB, Trican purchased and cancelled 18,868,144 common shares at an average price per share of $3.42.
Under the renewed NCIB, from October 5, 2022, to October 4, 2023, Trican may purchase 23,083,554 common shares.
Daily purchases may not exceed 277,415 common shares.
All common shares purchased through the NCIB will be returned to treasury for cancellation.
Trican continues to view investment in the NCIB program as an effective method of providing shareholder returns.
Trican supplies oil and natural gas well-servicing equipment and solutions to our customers through the drilling, completion, and production cycles. Trican is the largest pressure pumping service company in Canada.
Trican Well Service Ltd. (TCW) opened trading at C$2.87.