{"success":true,"data":{"pressRelease":{"id":"157400","rtpr_id":"nNFC4cHZqg-20260930","ticker":"TCW","exchange":"TSX","all_tickers":["TCW"],"title":"Trican Well Service Ltd. Announces Renewal of Normal Course Issuer Bid Program for 2026-2027","author":"Newsfile Corp","published_at":"2026-09-30T22:00:21.749Z","article_body":"Calgary, Alberta--(Newsfile Corp. - September 30, 2026) - Trican Well Service\nLtd. (TSX: TCW) (\"Trican\" or the \"Company\") is pleased to announce that the\nToronto Stock Exchange (the \"TSX\") has accepted its application to renew its\nnormal course issuer bid (\"NCIB\"). The NCIB allows for Trican to purchase up\nto 18,057,151 Common Shares, representing 10% of the Company's public float,\nas defined by the TSX, as of September 21, 2026. The NCIB will be in place\nfrom October 5, 2026 to October 4, 2027, or until such earlier time as the\nNCIB is completed or terminated at the option of Trican. As at September 21,\n2026, there were 202,908,610 Common Shares of Trican issued and outstanding\nand the public float for the Company's Common Shares was 180,571,518.\n\nUnder TSX rules, the Company is subject to a daily purchase limit of 172,704\nCommon Shares, representing 25% of the average daily trading volume of 690,818\nCommon Shares on the TSX for the six calendar months ended August 31, 2026.\nHowever, the Company may make one block purchase per calendar week which\nexceeds such daily purchase restrictions. All Common Shares purchased through\nthe NCIB will be returned to treasury for cancellation. All purchases will be\nmade through the facilities of the TSX or Canadian alternative trading systems\nat the prevailing market price at the time of such transaction.\n\nThe Company intends to enter into an automatic securities purchase plan with a\ndesignated broker whereby Common Shares may be repurchased at times when such\npurchases would otherwise be prohibited pursuant to regulatory restrictions or\nself-imposed blackout periods.\n\nUnder its 2025-2026 NCIB program (the \"2025-2026 Program\") Trican purchased\n9,751,100 Common Shares as at September 21, 2026, for aggregate consideration\nof $60.1 million at a weighted average price per share of $6.16, which is 53%\nof the maximum amount of shares allowable under the 2025-2026 Program of\n18,405,613 Common Shares. The 2025-2026 Program was in place from October 5,\n2025 to October 4, 2026.\n\nSince initiating its NCIB strategy in 2017, Trican has repurchased 187 million\nCommon Shares or approximately 54% of the Company's issued and outstanding\nshares at that time.\n\nProviding returns to shareholders remains core to Trican's strategy. Trican\ncontinues to view investment in the NCIB program as an effective method of\nproviding shareholder returns and is committed to maintaining a financially\nprudent capital structure and managing the NCIB program in accordance with\nthis objective. As the Company's financial position and financial results\ndictate, management will evaluate and adjust the Company's investment in the\nNCIB.\n\nFORWARD-LOOKING STATEMENTS\n\nCertain statements and other information contained in this press release\nconstitute \"forward-looking information\" and/or \"statements\" within the\nmeaning of applicable Canadian securities legislation (collectively\n\"forward-looking statements\"), including, but not limited to, statements\nconcerning the common shares which may be purchased under the NCIB program and\nrelated matters. All statements in this press release other than those\nrelating to historical facts or current conditions are forward looking\nstatements. Forward-looking statements are often, but not always, identified\nby the use of words such as \"anticipate\", \"achieve\", \"estimate\", \"expect\",\n\"intend\", \"contemplate\", \"plan\", \"planned\" \"intend\", \"continue\", \"propose\",\n\"might\", \"may\", \"will\", \"shall\", \"project\"', \"should\"', \"could\", \"would\",\n\"believe\", \"predict\", \"forecast\", \"pursue\", \"potential\", \"capable\", \"commit\",\n\"maintain\", \"evaluate\", \"manage\", and other similar terms and phrases. These\nforward-looking statements involve known and unknown risks, uncertainties, and\nother factors (many of which are beyond our control) that may cause actual\nresults or events to differ materially from those anticipated in such\nforward-looking statements. We believe the expectations reflected in these\nforward-looking statements are reasonable but no assurance can be given that\nthese expectations will prove to be correct. Therefore, the forward-looking\nstatements included in this press release should not be unduly relied upon.\n\nThese forward-looking statements speak only as of the date of this news\nrelease. Our actual results, performance or achievements could differ\nmaterially from those anticipated in these forward-looking statements as a\nresult of general economic, market and business conditions, as well as the\nrisk factors set forth in the \"Risk Factors\" section of our most recent Annual\nInformation Form and annual MD&A. Readers are cautioned that the foregoing\nlists of factors are not exhaustive. Forward-looking statements are based on a\nnumber of factors and assumptions which have been used to develop such\nstatements and information but which may prove to be incorrect. Although\nmanagement of Trican believes that the expectations reflected in such\nforward-looking statements or information are reasonable, undue reliance\nshould not be placed on forward-looking statements because Trican can give no\nassurance that such expectations will prove to be correct.\n\nExcept as required under applicable Canadian securities legislation, Trican\ndisclaims any intention or obligation to update or revise any forward-looking\nstatements in this press release as a result of new information, future events\nor otherwise.\n\nAdditional information regarding Trican including Trican's most recent AIF, is\navailable under Trican's profile on SEDAR+ (www.sedarplus.ca).\n\nABOUT TRICAN\n\nHeadquartered in Calgary, Alberta, Trican supplies oil and natural gas well\nservicing equipment and solutions to our customers through the drilling,\ncompletion and production cycles. Our team of technical experts provide\nstate-of-the-art equipment, engineering support, reservoir expertise and\nlaboratory services through the delivery of hydraulic fracturing, cementing,\ncoiled tubing, nitrogen services and chemical sales for the oil and gas\nindustry in Western Canada.\n\nRequests for further information should be directed to:\n\nBradley P.D. Fedora\nPresident and Chief Executive Officer\n\nScott E. Matson\nChief Financial Officer \n\nPhone: (403) 266-0202\n2900, 645 - 7th Avenue S.W.\nCalgary, Alberta T2P 4G8\n\nPlease visit our website at www.tricanwellservice.com.\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/316758","article_body_html":"","raw_payload":{"data":{"id":"nNFC4cHZqg-20260930","title":"Trican Well Service Ltd. Announces Renewal of Normal Course Issuer Bid Program for 2026-2027","author":"Newsfile Corp","ticker":"TCW","created":"2026-09-30T22:00:21.749Z","tickers":["TCW"],"exchange":"TSX","article_body":"Calgary, Alberta--(Newsfile Corp. - September 30, 2026) - Trican Well Service\nLtd. (TSX: TCW) (\"Trican\" or the \"Company\") is pleased to announce that the\nToronto Stock Exchange (the \"TSX\") has accepted its application to renew its\nnormal course issuer bid (\"NCIB\"). The NCIB allows for Trican to purchase up\nto 18,057,151 Common Shares, representing 10% of the Company's public float,\nas defined by the TSX, as of September 21, 2026. The NCIB will be in place\nfrom October 5, 2026 to October 4, 2027, or until such earlier time as the\nNCIB is completed or terminated at the option of Trican. As at September 21,\n2026, there were 202,908,610 Common Shares of Trican issued and outstanding\nand the public float for the Company's Common Shares was 180,571,518.\n\nUnder TSX rules, the Company is subject to a daily purchase limit of 172,704\nCommon Shares, representing 25% of the average daily trading volume of 690,818\nCommon Shares on the TSX for the six calendar months ended August 31, 2026.\nHowever, the Company may make one block purchase per calendar week which\nexceeds such daily purchase restrictions. All Common Shares purchased through\nthe NCIB will be returned to treasury for cancellation. All purchases will be\nmade through the facilities of the TSX or Canadian alternative trading systems\nat the prevailing market price at the time of such transaction.\n\nThe Company intends to enter into an automatic securities purchase plan with a\ndesignated broker whereby Common Shares may be repurchased at times when such\npurchases would otherwise be prohibited pursuant to regulatory restrictions or\nself-imposed blackout periods.\n\nUnder its 2025-2026 NCIB program (the \"2025-2026 Program\") Trican purchased\n9,751,100 Common Shares as at September 21, 2026, for aggregate consideration\nof $60.1 million at a weighted average price per share of $6.16, which is 53%\nof the maximum amount of shares allowable under the 2025-2026 Program of\n18,405,613 Common Shares. The 2025-2026 Program was in place from October 5,\n2025 to October 4, 2026.\n\nSince initiating its NCIB strategy in 2017, Trican has repurchased 187 million\nCommon Shares or approximately 54% of the Company's issued and outstanding\nshares at that time.\n\nProviding returns to shareholders remains core to Trican's strategy. Trican\ncontinues to view investment in the NCIB program as an effective method of\nproviding shareholder returns and is committed to maintaining a financially\nprudent capital structure and managing the NCIB program in accordance with\nthis objective. As the Company's financial position and financial results\ndictate, management will evaluate and adjust the Company's investment in the\nNCIB.\n\nFORWARD-LOOKING STATEMENTS\n\nCertain statements and other information contained in this press release\nconstitute \"forward-looking information\" and/or \"statements\" within the\nmeaning of applicable Canadian securities legislation (collectively\n\"forward-looking statements\"), including, but not limited to, statements\nconcerning the common shares which may be purchased under the NCIB program and\nrelated matters. All statements in this press release other than those\nrelating to historical facts or current conditions are forward looking\nstatements. Forward-looking statements are often, but not always, identified\nby the use of words such as \"anticipate\", \"achieve\", \"estimate\", \"expect\",\n\"intend\", \"contemplate\", \"plan\", \"planned\" \"intend\", \"continue\", \"propose\",\n\"might\", \"may\", \"will\", \"shall\", \"project\"', \"should\"', \"could\", \"would\",\n\"believe\", \"predict\", \"forecast\", \"pursue\", \"potential\", \"capable\", \"commit\",\n\"maintain\", \"evaluate\", \"manage\", and other similar terms and phrases. These\nforward-looking statements involve known and unknown risks, uncertainties, and\nother factors (many of which are beyond our control) that may cause actual\nresults or events to differ materially from those anticipated in such\nforward-looking statements. We believe the expectations reflected in these\nforward-looking statements are reasonable but no assurance can be given that\nthese expectations will prove to be correct. Therefore, the forward-looking\nstatements included in this press release should not be unduly relied upon.\n\nThese forward-looking statements speak only as of the date of this news\nrelease. Our actual results, performance or achievements could differ\nmaterially from those anticipated in these forward-looking statements as a\nresult of general economic, market and business conditions, as well as the\nrisk factors set forth in the \"Risk Factors\" section of our most recent Annual\nInformation Form and annual MD&A. Readers are cautioned that the foregoing\nlists of factors are not exhaustive. Forward-looking statements are based on a\nnumber of factors and assumptions which have been used to develop such\nstatements and information but which may prove to be incorrect. Although\nmanagement of Trican believes that the expectations reflected in such\nforward-looking statements or information are reasonable, undue reliance\nshould not be placed on forward-looking statements because Trican can give no\nassurance that such expectations will prove to be correct.\n\nExcept as required under applicable Canadian securities legislation, Trican\ndisclaims any intention or obligation to update or revise any forward-looking\nstatements in this press release as a result of new information, future events\nor otherwise.\n\nAdditional information regarding Trican including Trican's most recent AIF, is\navailable under Trican's profile on SEDAR+ (www.sedarplus.ca).\n\nABOUT TRICAN\n\nHeadquartered in Calgary, Alberta, Trican supplies oil and natural gas well\nservicing equipment and solutions to our customers through the drilling,\ncompletion and production cycles. Our team of technical experts provide\nstate-of-the-art equipment, engineering support, reservoir expertise and\nlaboratory services through the delivery of hydraulic fracturing, cementing,\ncoiled tubing, nitrogen services and chemical sales for the oil and gas\nindustry in Western Canada.\n\nRequests for further information should be directed to:\n\nBradley P.D. Fedora\nPresident and Chief Executive Officer\n\nScott E. Matson\nChief Financial Officer \n\nPhone: (403) 266-0202\n2900, 645 - 7th Avenue S.W.\nCalgary, Alberta T2P 4G8\n\nPlease visit our website at www.tricanwellservice.com.\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/316758"},"type":"article","timestamp":"2026-09-30T22:00:21.799907042Z","server_sent_at_ms":1790805621799},"received_at":"2026-09-30T22:00:21.850Z","source_url":"https://www.newsfilecorp.com/release/316758"},"analysis":{"id":"146066","press_release_id":"157400","analysis_json":{"industry":{"label":"Oil, Gas & Consumable Fuels","sector":"Energy"},"redFlags":["prior-year NCIB was only 53% utilized, so the renewal does not guarantee similar buyback intensity"],"eventType":"buyback","narrative":"Trican Well Service received TSX acceptance to renew its normal course issuer bid, allowing repurchase of up to 18,057,151 shares (10% of the public float) from October 5, 2026 to October 4, 2027.\n\nUnder the prior 2025-2026 program, Trican bought back 9.75 million shares for $60.1 million at a weighted average of $6.16 per share, using only 53% of the authorized maximum.\n\nSince 2017 the company has repurchased roughly 187 million shares, about 54% of its then-outstanding count, underscoring buybacks as its core shareholder-return vehicle.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Routine NCIB renewal -- continuation of Trican's long-running buyback strategy, watch actual purchase pace."},"keyFigures":{"customDimensions":{"public_float":180571518,"ncib_max_shares":18057151,"pct_public_float":"10%","prior_ncib_spend":"$60.1 million","shares_outstanding":202908610,"daily_purchase_limit":172704,"prior_ncib_avg_price":"$6.16","prior_ncib_shares_purchased":9751100,"cumulative_repurchased_since_2017":187000000}},"quotedText":"Trican continues to view investment in the NCIB program as an effective method of providing shareholder returns and is committed to maintaining a financially prudent capital structure","namedEntities":{"people":[{"name":"Bradley P.D. Fedora","role":"President and CEO"},{"name":"Scott E. Matson","role":"CFO"}],"products":[],"companies":[{"name":"Trican Well Service Ltd.","ticker":"TCW","relationship":"filer"},{"name":"Toronto Stock Exchange","relationship":"exchange/regulator"}],"dollarAmounts":[{"amount":"$60.1 million","context":"aggregate consideration for shares repurchased under 2025-2026 NCIB"}]},"materialImpact":{"score":2,"reasoning":"Routine NCIB renewal for up to 10% of the public float is shareholder-friendly but is an annual boilerplate program, not a new capital-return surprise. Prior-year program was only 53% utilized."},"tickerRelevance":{"others":[],"primary":"TCW"},"globalImportance":20,"audienceRelevance":10,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"routine-buyback-renewal","sectorWeight":"energy-services","householdBrandBoost":0}},"event_type":"buyback","event_type_secondary":null,"sentiment":"bullish","material_impact_score":2,"narrative":"Trican Well Service received TSX acceptance to renew its normal course issuer bid, allowing repurchase of up to 18,057,151 shares (10% of the public float) from October 5, 2026 to October 4, 2027.\n\nUnder the prior 2025-2026 program, Trican bought back 9.75 million shares for $60.1 million at a weighted average of $6.16 per share, using only 53% of the authorized maximum.\n\nSince 2017 the company has repurchased roughly 187 million shares, about 54% of its then-outstanding count, underscoring buybacks as its core shareholder-return vehicle.","key_figures":{"customDimensions":{"public_float":180571518,"ncib_max_shares":18057151,"pct_public_float":"10%","prior_ncib_spend":"$60.1 million","shares_outstanding":202908610,"daily_purchase_limit":172704,"prior_ncib_avg_price":"$6.16","prior_ncib_shares_purchased":9751100,"cumulative_repurchased_since_2017":187000000}},"named_entities":{"people":[{"name":"Bradley P.D. Fedora","role":"President and CEO"},{"name":"Scott E. Matson","role":"CFO"}],"products":[],"companies":[{"name":"Trican Well Service Ltd.","ticker":"TCW","relationship":"filer"},{"name":"Toronto Stock Exchange","relationship":"exchange/regulator"}],"dollarAmounts":[{"amount":"$60.1 million","context":"aggregate consideration for shares repurchased under 2025-2026 NCIB"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-30T22:00:26.685Z","global_importance":20,"audience_relevance":10,"importance_components":{"tickerTier":"small-cap","eventGravity":"routine-buyback-renewal","sectorWeight":"energy-services","householdBrandBoost":0}},"durationMs":4811,"modelName":"glm-5.3-flashx"}}