Drilling equipment provider Trinidad Drilling Ltd. (TDG:TSX) recently released its 3Q11 results, which indicated that EBITDA for the period was C$69 million, slightly above the consensus estimate of C$67 million.
The Bank of New York Mellon Corp. recently told its clients that certain large depositors will be charged a new fee.
Energy services company Key Energy Services Inc. (KEG:NYSE) has a bullish outlook for next year in part because because of strong land fundamentals in the U.S., according to investment bank Raymond James.
Energy services company Patterson-UTI Energy Inc.'s (PTEN:NASDAQ) 3Q11 results indicated earnings per share (EPS) of C$0.53, around 140,000 horsepower (hp) worth of pumping equipment deployed so far this year and seven new APEX rigs completed during the period.
Investment bank Raymond James recently announced that it was reiterating its Strong Buy rating for service provider Basic Energy Services (BAS:NYSE) and changing the company's target price to C$30.00.
On September 30, Teekay Corporation (TK:NYSE) declared that it entered into an agreement where it will purchase a stake in recapitalized Sevan Marine ASA (SEVAN:OSLO) and buy three floating production storage and offloading (FPSO) units from the Norway-based company.
Macquarie Equities Research maintained its OUTPERFORM rating for Bellatrix Exploration (BXE:TSX) but reduced its target share price to $6.25 from $7.00.
