Trinidad reported 1Q15 results well above FirstEnergy expectations due to one-time payments from U.S. contract terminations and tronger-
than-expected Canadian operating performance. EBITDAS of $60 mm was above FirstEnergy’s estimate at $45 mm. The Company continues to have 45% of its fleet on long-term take-or-pay contracts which should provide a base level of stability for earnings going forward.

11 May 2015
Trinidad Drilling Ltd. (TDG) Reports 1Q15 Results

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Trinidad Drilling Ltd. (TDG) Reports 1Q15 Results
Trinidad Drilling (TDG:TSE) | 0 0 -1.1% | Mkt Cap: 481.3m
- Published:
11 May 2015 -
Author:
A. Mark Jackson -
Pages:
4 -
Trinidad reported 1Q15 results well above FirstEnergy expectations due to one-time payments from U.S. contract terminations and tronger-
than-expected Canadian operating performance. EBITDAS of $60 mm was above FirstEnergy’s estimate at $45 mm. The Company continues to have 45% of its fleet on long-term take-or-pay contracts which should provide a base level of stability for earnings going forward.