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Western Energy Services ( (TSE:WRG) ) has issued an announcement.
Western Energy Services Corp. has announced an extension to its second lien term loan facility with Alberta Investment Management Corporation, now maturing in May 2027, which enhances the company’s financial flexibility. The firm also unveiled its 2025 capital expenditure budget of approximately $20 million, focusing primarily on maintenance and some expansion, indicating a strategic adaptation to market conditions.
More about Western Energy Services
Western Energy Services Corp. is a progressive energy services company offering contract drilling services through its divisions Horizon Drilling in Canada and Stoneham Drilling Corporation in the United States. Additionally, it provides production services in Canada through Eagle Well Servicing and oilfield rental services via Aero Rental Services.
YTD Price Performance: -4.41%
Average Trading Volume: 1,608
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$87.99M
For a thorough assessment of WRG stock, go to TipRanks’ Stock Analysis page.
