Precision Drilling Corporation - PD.t

Precision Drilling Corporation - PD.t is a performance-oriented, integrated oilfield service provider and the largest in Canada. Precision provides an extensive fleet of contract drilling rigs, directional drilling services, well service & snubbing rigs, coiled tubing services, camps, rental equipment, and water treatment units backed by a comprehensive mix of technical support services and skilled, experienced personnel.

On April 25, 2016 the company released News

"For the first quarter of 2016, we recorded earnings before income taxes, gain on repurchase of unsecured senior notes, finance charges, foreign exchange, and depreciation and amortization (adjusted EBITDA see "Additional GAAP Measures") of $99 million or 39% lower than the first quarter of 2015. During the quarter, we received one-time contract cancellation payments related to five contract terminations, three in the U.S. and two in Canada for approximately $23 million that was expected to be earned beyond the first quarter of 2016, and incurred $3 million in restructuring costs. Our activity for the quarter, as measured by drilling rig utilization days, decreased 36% in Canada, 60% in the U.S. and 33% internationally, compared to the first quarter of 2015. Our adjusted EBITDA as a percentage of revenue was 33% this quarter, compared to 32% in the first quarter of 2015. The increase in adjusted EBITDA as a percentage of revenue was mainly due to one-time payments received in the quarter related to contract cancellations partially offset by a decrease in activity in all of our businesses.

Cash provided by operations for the quarter was $112 million, which was 48% lower than the first quarter of 2015 due to lower operating earnings compared with the first quarter of 2015. We recorded a net loss this quarter of $20 million, or net loss per diluted share of $0.07, compared to net earnings of $24 million, or $0.08 per diluted share, in the first quarter of 2015.

Revenue this quarter was $302 million or 41% lower than the first quarter of 2015, mainly due to lower drilling activity in the U.S., Canada and internationally. Revenue from our Contract Drilling Services and Completion and Production Services segments both decreased over the comparative prior year period by 39% and 57%, respectively.
http://canadastockjournal.blogspot.com/2016/06/precision-drilling-corporation-pdt.html

DHX Media Ltd. - DHX.t

DHX Media Ltd. - DHX.t is a leader in the creation, production and licensing of family entertainment rights. DHX Media owns, markets and distributes over 8,500 half hours of children's entertainment content, and exploits owned properties through its consumer products licensing business. DHX Media is recognized for brands such as Caillou, Busytown Mysteries, Inspector Gadget, Johnny Test, Animal Mechanicals, Kid vs. Kat, Super WHY!, Rastamouse, and Yo Gabba Gabba!.

On May 31, 2016 the company released News

"DHX Media Ltd. (NASDAQ: DHXM; TSX: DHX.A, DHX.B), Technicolor (Euronext Paris: TCH; OTCQX: TCLRY), an underlying rights holder in The Deep, and A Stark Production are pleased to announce that Netflix will stream the underwater adventure series in the U.S. beginning June 1st. Based on the Aurealis Award-winning graphic novel series created by multi-award-winning best-selling comic book author and playwright Tom Taylor (All-New Wolverine, Earth 2, Superior Iron Man, Batman: Legends of the Dark Knight, Injustice: Gods Among Us, Star Wars: Blood Ties), illustrated by James Brouwer (Justice League Beyond), and published by Gestalt Comics, The Deep offers strong family appeal. Taylor serves as co-creator and lead writer of the series and Brouwer serves as co-creator and art director.

“We are delighted to partner with leading streaming service Netflix to bring The Deep to U.S. families, and are confident that children and parents alike will engage with the thrilling aquatic adventures of the Nekton family as they uncover the mysteries of the undersea world,” commented Alison Warner, VP, IP Sales, Acquisitions and Co-Productions at Technicolor.  “The Deep is a classic adventure story with solid appeal for co-viewing audiences and has already made an impact overseas.”

Whitecap Resources Inc - WCP.t

Whitecap Resources Inc - WCP.t is a dividend paying, oil-weighted company focused on providing sustainable monthly dividends to its shareholders. Growth is achieved through a combination of accretive oil-based acquisitions and organic growth on existing and acquired assets.

On May 30, 2016 the company released News

"WHITECAP RESOURCES INC. CLOSES $470 MILLION BOUGHT DEAL FINANCING 

  

CALGARY, ALBERTA – Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce that it has completed its previously announced bought deal financing (the "Offering"). Pursuant to the offering, Whitecap issued a total of 51,087,000 subscription receipts of Whitecap ("Subscription Receipts") at a price of $9.20 per Subscription Receipt for gross proceeds of approximately $470 million.  The syndicate of underwriters is led by National Bank Financial Inc. and TD Securities Inc. and includes Scotia Capital Inc., GMP Securities L.P., RBC Dominion Securities Inc., BMO Nesbitt Burns Inc., CIBC World Capital Markets Inc., FirstEnergy Capital Corp., Peters & Co. Limited, Cormark Securities Inc., AltaCorp Capital Inc. and Macquarie Capital Markets Canada Ltd. (collectively, the "Underwriters").

Each Subscription Receipt represents the right to receive, without payment of additional consideration or further action on the part of the holder, one common share of Whitecap (a "Common Share") upon closing of the previously announced acquisition of certain petroleum and natural gas properties, interests and related assets located in southwest Saskatchewan (the "Acquisition").  The Acquisition is expected to be completed on or about June 23, 2016 and is subject to certain closing conditions, including, but not limited to, approvals under the Competition Act (Canada).

The gross proceeds from the sale of the Subscription Receipts have been placed in escrow pending closing of the Acquisition. If the Acquisition is closed on or before 5:00 p.m. (Calgary time) on August 31, 2016 or such later date within 15 days as National Bank Financial Inc. and TD Securities Inc. on behalf of the Underwriters may elect (the “Expiry Time”), the escrowed funds (less the balance of the Underwriters' commission) will be released to Whitecap. Whitecap will use such funds towards the cash consideration payable pursuant to the Acquisition. In addition, when the Acquisition has closed, holders of Subscription Receipts who held such Subscription Receipts on the closing date of the Acquisition shall also be entitled to receive an amount per Subscription Receipt equal to the amount per Common Share of any cash dividends, if any, for which record dates have occurred during the period from the date hereof to the date immediately preceding the date the underlying Common Shares are issued pursuant to the Subscription Receipts.

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http://canadastockjournal.blogspot.com/2016/06/whitecap-resources-inc-wcpt.html

Martinrea International Inc. - MRE.t

Martinrea International Inc. - MRE.t is a leader in the production of quality steel and aluminum metal parts, assemblies and modules and fluid management systems focused primarily on the automotive sector. As a Tier One supplier the company serves all the most important vehicle manufacturers as well as automotive suppliers but also serve other industrial sectors worldwide.

On May 3, 2016 the company released Numbers

"Martinrea International Inc. (TSX : MRE), a leader in the development and production of quality metal parts, assemblies and modules and fluid management systems and complex aluminum products focused primarily on the automotive sector, announced today the release of its financial results for the first quarter ended March 31, 2016 and a quarterly dividend.

HIGHLIGHTS
‐ Record first quarter sales and net earnings
‐ First quarter operating income and adjusted EBITDA margins improved year over year and quarter over quarter
‐ Record EBITDA of $89 million
‐ Renewed credit facility in place
‐ Dividend of $0.03 per share announced
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