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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Calfrac Well Services Ltd.    CFW   CA1295844056

CALFRAC WELL SERVICES LTD.

(CFW)
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Calfrac Well Services : says appeal court rejects Wilks Brothers attempt to block recapitalization

11/27/2020 | 07:26am EST

CALGARYCalfrac Well Services Ltd. says the Alberta Court of Appeal has rejected an attempt by Wilks Brothers LLC to block the approval of the company's recapitalization plan.

The company says it has been advised by the court that the Wilks Brothers' appeal of the final order approving the plan has been dismissed.

Texas-based Wilks Brothers had opposed Calfrac's recapitalization plan and offered its own hostile takeover offer as an option.

However, the company's debtholders and shareholders instead opted for management's plan that will see holders of Calfrac's senior unsecured notes swap debt for shares, leaving existing shareholders with a reduced stake in the company.

An Alberta court issued a final order this month approving the company's plan.

Calfrac says it intends to complete its recapitalization transaction as soon as possible.

This report by The Canadian Press was first published Nov. 27, 2020.

Companies in this story: (TSX:CFW)

© 2020 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Financials
Sales 2020 675 M 530 M 530 M
Net income 2020 - - -
Net Debt 2020 312 M 245 M 245 M
P/E ratio 2020 -0,12x
Yield 2020 -
Capitalization 148 M 116 M 116 M
EV / Sales 2020 0,68x
EV / Sales 2021 0,60x
Nbr of Employees 3 300
Free-Float 67,7%
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Technical analysis trends CALFRAC WELL SERVICES LTD.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 6
Average target price 5,53 CAD
Last Close Price 3,95 CAD
Spread / Highest target 89,9%
Spread / Average Target 39,9%
Spread / Lowest Target 13,9%
EPS Revisions
Managers and Directors
NameTitle
Lindsay R. Link President, Chief Operating Officer & Director
Ronald P. Mathison Executive Chairman
Michael D. Olinek Chief Financial Officer
James Michael Brown Vice President-Technology
James S. Blair Independent Director
Sector and Competitors