The views expressed in this blog are the personal views of Trinidad’s President and CEO, Brent Conway, and do not constitute legal or financial advice to any person. Readers are advised to consult their own professional advisors before making any investment decision.
On Friday, October 5, Trinidad agreed to merge with Precision Drilling, creating an industry-leading contract driller. Both companies’ board of directors have agreed to the merger and recommend shareholders vote in favour. The merger is expected to be finalized later this year, following approval from our shareholders and certain regulators.
This merger comes on the heels of a hostile take-over bid submitted by Ensign, which Trinidad’s board recommends shareholders reject. Given that the Precision offer is higher than Ensign’s, this deal is better value for our shareholders – but it also better aligns with our company’s values, culture and vision.
Of course, with all these changes come a lot of questions. We’ve gathered some of the most common questions we’ve received since the announcement and passed them along to Brent Conway, our President and CEO. Keep reading to get answers from the CEO himself. Continue reading