Overview
It's not the Caribbean but North America that is the focus of Trinidad Drilling (formerly Trinidad Energy Services Income Trust). The company provides contract drilling to a range of oil and gas companies. Trinidad Drilling operates a combined fleet of 163 drilling rigs that have the capacity to drill to depths between 1,000 and 6,500 meters. The company has pursued a strategy of growing its operations through the acquisition of a number of smaller
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Read More drilling companies and the construction of new drilling rigs. The company has operations in Canada and the US. In 2015 the company acquired CanElson Drilling Inc.
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Read More drilling companies and the construction of new drilling rigs. The company has operations in Canada and the US. In 2015 the company acquired CanElson Drilling Inc.
Read Less
Robert H. Geddes
See more contacts
Support Activities for Mining
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Agriculture, Construction, and Mining Machinery Manufacturing
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Commercial and Industrial Machinery and Equipment Rental and Leasing
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Drilling oil and gas wells
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Drills and drilling equipment, mining (except oil and gas)
See All Industries , Oil well drilling equipment, rental or leasing Holding companies, nec
See Fewer Industries
See All Industries , Oil well drilling equipment, rental or leasing Holding companies, nec
See Fewer Industries
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Contacts
Get in Touch with 6 Principals* and 3 Contacts
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Robert H. GeddesPresident
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Data
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Revenue in USD
Annual Revenue
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USD
Modelled
1 USD = 1.3735 CAD
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2017 | 2016 | 2015 |
|---|---|---|---|
| Net Operating Cash | $15 | $22 | $157 |
| Net Investing Cash | -$88 | $17 | -$196 |
| Net Financing Cash | $61 | -$67 | $25 |
| Net Change in Cash | -$12 | -$28 | -$14 |
| Cash at Beginning of Period | $19 | $46 | $52 |
| Cash at End of Period | $3 | $19 | $46 |
| Capital Expenditure | -$122 | -$32 | -$103 |
| Assets (mil) | 2017 | 2016 | 2015 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $3 | $19 | $46 |
| Accounts Receivable | $86 | $66 | $83 |
| Inventories | $4 | $6 | $5 |
| Other Current Assets | $17 | $4 | $7 |
| Asset Summary | |||
| Total Current Assets | $111 | $95 | $142 |
| Tangible Fixed Assets | $993 | $1,080 | $1,206 |
| Intangible Assets | $29 | $1 | $1 |
| Total Assets | $1,904 | $1,982 | $2,236 |
| Liabilities (mil) | 2017 | 2016 | 2015 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $ | $ | $68 |
| Short-Term Debt | $ | $1 | $2 |
| Other Current Liabilities | $78 | $58 | $27 |
| Liability Summary | |||
| Total Current Liabilities | $78 | $60 | $97 |
| Long-Term Debt | $373 | $438 | $513 |
| Other Long-Term Liabilities | $5 | $ | $ |
| Total Liabilities | $460 | $533 | $654 |
| Stakeholder's Equity (mil) | 2017 | 2016 | 2015 |
|---|---|---|---|
| Equity | |||
| Common Stock | $ | $ | $ |
| Retained Earnings | -$332 | -$274 | -$236 |
| Equity Summary | |||
| Total Equity | $920 | $905 | $961 |
| Shares Outstanding | 273,457,951 | 222,087,270 | 222,087,270 |