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CALGARY, AB--(Marketwired - August 12, 2014) - Aveda Transportation and Energy Services Inc. ("Aveda" or the "Company") (TSX VENTURE: AVE), a leading provider of oilfield hauling services and equipment rentals to the energy industry, today announced …

Lesen sie den ganzen Artikel: Aveda Transportation and Energy Services Announces Solid Revenue and EBITDA Results for the Second Quarter of 2014

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watchlist.

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von Oilprice.com

http://oilprice.com/Energy/Energy-General/The-Driving-Force-…

...

Small cap services stocks have fared even worse. But business continues to boom for these operators as well.

Dave Werklund is Chairman of Calgary-based Aveda Transportation and Energy Services —whose stock has gone from $5.85-$4 in the last two months, despite no downturn in business.

At over $100 million revenue, Aveda is the largest pure-play drill rig mover in the United States. Today its footprint covers over 80% of the rig-moving market, from Alberta all the way down to Texas.

“With over 2,000 active rigs operating across North America today, and an average rig being moved approximately 17 times per year, the rig-moving industry is set for phenomenal gains,” Dave Werklund, Executive Chairman of Calgary-based Aveda Transportation and Energy Services told Oilprice.com.

This little known segment is actually a $2-billion niche in the services sector.

Once horizontal wells are drilled from a pad, the fully constructed rig has to be dismantled, moved to the next location using hydraulic walking or skidding systems, and then put back together.

Producers are demanding this work be done faster and safer than ever before. It’s a service that continues to be in high demand.

The advent of pad drilling, which allows the drilling of multiple wells from a single pad, is also transforming the services industry from equipment design and leasing to the task of moving the larger loads from pad to pad.

“With the conversion to pad drilling in the US, the size and weight of the rigs have increased exponentially,” says Werklund. That was a lucky break for Aveda, as they already had much bigger trucks in their fleet because of the bigger rigs their original Canadian customers used. As soon as they came down to the US, producers began using their services.

The general consensus is that American producers will not stop drilling even with an oil price of $80 per barrel. Instead, they’re digging in.

The lesson for investors? While energy service stocks have seen a crushing six weeks—in tandem with oil prices—activity levels have not slowed.

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http://seekingalpha.com/article/2672765-aveda-transportation…

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Aveda Transportation and Energy Services Announces Normal Course Issuer Bid

12/23/2014
Not for Distribution to U.S. Newswire Services or for Dissemination in the U.S.

CALGARY, AB --(Marketwired - December 23, 2014) - Aveda Transportation and Energy Services Inc. ("Aveda" or the "Corporation") (TSX VENTURE: AVE) announces that it has obtained regulatory approval to proceed with a normal course issuer bid (the "Bid") whereby Aveda may purchase up to a total of 996,155 of its common shares ("Common Shares"), representing approximately 5% of the currently issued and outstanding Common Shares (19,923,102 Common Shares were outstanding as at December 23, 2014). It is expected that the Bid will commence on December 24, 2014 and terminate on December 23, 2015. All acquisitions of Common Shares by Aveda pursuant to the Bid will be made through the facilities of TSX Venture Exchange Inc. at the market price of the Common Shares at the time of the acquisition. There are no persons acting jointly or in concert with the Corporation in respect of the Bid. Aveda is making the Bid to stabilize the trading price and provide liquidity in the market for the Common Shares.

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habe mir eine erste sehr kleine Posi geholt;

gepreist für Insolvenz: EV/EBITDA unter4

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Aveda Provides Further Details on Hodges Trucking Acquisition and Operational Update

06/17/2015


CALGARY, AB --(Marketwired - June 17, 2015) - Aveda Transportation and Energy Services Inc. ("Aveda" or the "Company") (TSX VENTURE: AVE), a leading provider of oilfield hauling services and equipment rentals to the energy industry, today provided an operational update on the acquisition (the "Acquisition") of Hodges Trucking ("Hodges").

"This transaction allows us to grow our operational footprint in key markets, expand our blue-chip customer base and better manage pricing pressures as we continue to grow," said Kevin Roycraft, President and CEO of Aveda. "The successful completion of this acquisition is the result of a lot of hard work by the Aveda team, as we were well positioned to take advantage of this incredible opportunity brought on by current market conditions. We intend to take advantage of additional opportunities as they arise, with the intent of becoming the leading rig mover in North America."

Purchase Price and Acquisition Financing

Through the Acquisition, Aveda acquired US$17.5 million of working capital and approximately 900 pieces of rig moving and heavy haul equipment, including approximately 200 haul trucks, 400 trailers, 70 bed/pole trucks, 35 cranes, 40 forklifts/loaders and 160 service vehicles. The purchase price for the Acquisition was US$42.0 million (the "Purchase Price"). US$15.0 million of the Purchase Price was financed through the Company's existing senior credit facility ("Senior Facility") and US$27.0 million was financed by a seller take-back note (the "Note"). The Note is a five-year term debt note with no requirement for early principal repayment. The Note bears interest at 9% per annum, which interest shall be paid quarterly. The Note is secured by a 2ndlien on the Company's fixed assets and accounts receivable.

Asset Allocation and Disposition

Subsequent to the closing of the Acquisition, the Company has sold approximately 350 pieces of Hodges' non-oilfield equipment for approximately US$22.0 million (the "Asset Sale"). The Asset Sale includes approximately 31 cranes, 40 haul trucks, 130 service vehicles (e.g., pickup trucks), 30 loaders/forklifts and 118 trailers. The Company has received approximately US$20.8 million of the sales price in cash and US$1.25 million is currently in escrow to be released over the next 12 months subject to meeting certain milestones.

The Company has retained approximately 50 pieces of non-oilfield equipment, most of which will be immediately deployed into Aveda's operations, including those to be used in Hodges' operations. The retained non-oilfield equipment includes 3 cranes, 26 service vehicles and 7 loaders/forklifts.

The Acquisition included approximately 504 pieces of oilfield equipment, including 154 haul trucks, 71 bed/pole trucks and 279 trailers. The Company will immediately deploy approximately 18 haul trucks, 4 bed/pole trucks and 20 trailers into Aveda's operations. The Company also expects to use a portion of the acquired fleet to upgrade and replace certain existing equipment that may be aging or coming to end of life. The remaining equipment will either be sold offshore to permanently remove excess capacity in the North American rig moving industry or, if the equipment cannot be sold on suitable terms, the Company will keep the equipment and deploy it as market conditions improve. The Company is also actively exploring several organic expansion opportunities in new markets. The Hodges assets will provide a good equipment base for future organic expansion.

Operational Plan

The acquisition of Hodges has allowed the Company to consolidate its largest competitor in the United States. Although Hodges has an excellent safety record, strong customer relationships and talented people, Hodges created considerable pricing pressure for Aveda. The Company believes the consolidation of Hodges into Aveda will help the Company solidify customer relationships and reduce overall pricing pressure.

Hodges' Pearsall, TX branch will be consolidated with Aveda's Pleasanton, TX branch. Hodges' existing branches in Oklahoma City, OK and Marshall, TX will be scaled down to better reflect surrounding area rig counts and market conditions. These branches will be rebranded to reflect Aveda's identity in the coming weeks. Aveda has also transferred additional personnel from Hodges at other locations to fill current vacant positions at the Company. All other Hodges' branches: Elk City and Woodard, OK and Canton, OH have been closed. Overall, the Company expects to retain approximately 85 Hodges' employees. Aveda expects to incur approximately US$5.0 to US$6.0 million in acquisition related costs such as financing fees, severance payments, professional fees, equipment relocation costs, and general administrative costs related to the shutdown of the various Hodges' branches.

Balance Sheet and Debt Structure

The Company incurred US$42.0 million (US$27.0 million from the Note and US$15.0 million from Company's senior secured facility) in debt to complete the Acquisition. Through the US$22.0 million Asset Sale, the Company has recovered over 52% of its initial investment. The Acquisition included US$17.5 million in working capital which the Company expects to convert into cash within 90 to 120 days. Accordingly, the Company expects to receive approximately US$38.8 million in cash (or over 92%) of its initial US$42.0 million investment in the next 90 to 120 days.

"The economics of this acquisition are as good as many that I have seen in my long career," said David Werklund, Executive Chairman of Aveda. "During my time at CCS, we made many transformative and accretive acquisitions, and this is another acquisition that will prove to be successful."

The Company's Senior Facility has no covenant tests as long as excess availability (as defined in the facility agreement) is greater than CAD$25.0 million. The Company borrowed US$15.0 million from the Senior Facility and has repaid US$20.8 million from the Asset Sale. Accordingly, excess availability on the Senior Facility increased as a result of the Acquisition and Asset Sale. Further, the assets retained by Aveda were added to the asset base of the Senior Facility and have further increased excess availability. When the Company receives the expected US$17.5 million from the conversion of the working capital to cash, this will further pay down the Senior Facility and thereby further increase excess availability. As a direct result of the Acquisition, the Company has significantly strengthened its balance sheet and decreased the risk of a covenant test under its Senior Facility.

"This acquisition of Hodges has greatly transformed the capital structure of the Company and simultaneously strengthened our balance sheet," said Bharat Mahajan, Vice-President, Finance and CFO of Aveda. "As we continue to grow in this challenging environment, we have paid down our senior credit facility and increased our borrowing base to allow Aveda even greater flexibility to take on additional opportunities as they arise."

The Company also expects to recover its acquisition related expenses within the first six months of the acquisition through increased business with Hodges' customers and decreased pricing pressure.

Summary and Benefits

As a result of the Hodges acquisition Aveda:


1. Has acquired one of the Company's most significant competitors.
Accordingly, Aveda expects to reduce pricing pressure.


2. Gains access to Hodges' entire customer base. At its peak in 2012,
Hodges generated US$166.0 million (approximately CAD$200.0 million) in
revenue.


3. Adds needed equipment and upgrades its fleet.


4. Expects to recover over 92% of its initial investment within the next 90
to 120 days through the Asset Sale and the conversion of US$17.5 million
working capital into cash. Further, the Company expects to recover all
of its investment including acquisition related expenses within six
months through increased revenue from Hodges' customers and reduced
pricing pressure. Accordingly Aveda expects a 100% payback on its
investment within six months.


5. Expects to strengthens its balance sheet and reduce its risk of future
covenant tests, as a result of repayment of the Senior Facility and the
addition of tangible assets from Hodges, even though the acquisition was
financed 100% through debt.


6. Has expanded its operations by acquiring a new branch in Oklahoma City,
OK and Marshall, TX and filled vacant positions in various Aveda
branches by hiring Hodges' people.


7. Has prevented Hodges' oilfield assets from creating excess capacity in
the market and potentially enabling new market entrants to create new
competition within the US rig moving industry.


8. Achieved all of the items above without diluting current shareholders.

NCIB Update

The Company announced a normal course issuer bid on December 23, 2014 (the "NCIB"). Through the end of March 2015, the Company had purchased approximately 850,000 shares under its NCIB. Aveda has been in a trading blackout due to the release timing of its first quarter 2015 results and subsequently due to the Acquisition. Aveda expects to be out of blackout on Tuesday, June 23, 2015. Subsequently, Aveda intends to resume purchases under its NCIB as it believes its shares are significantly undervalued.

Other Matters

Aveda is actively exploring additional acquisition opportunities. Through this transaction the Company has recognized it has significant growth potential by utilizing the unleveraged value in its asset base. Aveda may seek to refinance the Note potentially with a larger 2nd lien debt facility. Any future refinancing may be done in conjunction with another acquisition.

Under Canadian accounting rules, the Acquisition will likely result in a bargain purchase price gain of between CAD$5.0 and CAD$15.0 million (after accounting for acquisition costs and integration expenses). The Company will be working with its advisors to quantify the gain which will be reported in Aveda's financial statements for the quarter ended June 30, 2015.

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bis hierhin eine ziemliche Katastrophe...

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Antwort auf Beitrag Nr.: 52.922.425 von R-BgO am 26.07.16 23:41:15

Konsequente Fortsetzung:

runterverwässert auf ein Drittel...

Aveda Transportation And Energy Services Announces Closing Of Previously Announced Public Offering And Concurrent Private Placement

CALGARY, AB --(Marketwired - February 22, 2017) -

NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA), OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.


Aveda Transportation and Energy Services Inc. ("Aveda" or the "Company") (TSX VENTURE: AVE), a leading provider of oilfield hauling services and equipment rentals to the energy industry, is pleased to announce that it has closed its previously announced short form prospectus offering (the "Offering") of common shares in the capital of the Company ("Common Shares") distributed pursuant to its short form prospectus dated February 9, 2017 in the provinces of British Columbia, Alberta, Manitoba and Saskatchewan. Pursuant to the Offering, the Company issued a total of 37,433,625 Common Shares, at a price of $0.60 per share, for aggregate gross proceeds of $22,460,175.00.

The Offering was completed by a syndicate of agents co-led by Beacon Securities Limited and Canaccord Genuity Corp and included PI Financial Corp. and Mackie Research Capital Corporation.

Werklund Capital Corporation ("WCC") and Werklund Ventures Limited ("WVL") participated in the Offering in an aggregate amount of $4,000,020.00, which participation constitutes a "related party transaction" as such term is defined under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is exempt from the formal valuation requirement of MI 61-101 in reliance on section 5.5(b) of MI 61-101 as no securities of the Company are listed or quoted for trading on prescribed stock exchanges or stock markets. The Company received written minority shareholder consent from over 50% of the minority shareholders approving the participation of WCC and WVL as required in an Ontario Securities Commission order dated February 21, 2017 (the "Order") granting exemptive relief to the Company under section 9.1 of MI 61-101 from the requirements of section 5.3(2) of MI 61- 101 to (A)(i) call a meeting of its shareholders to consider WCC's and WVL's participation in the Offering, (ii) send an information circular to its shareholders in connection with such meeting, and (iii) obtain disinterested minority approval of WCC's and WVL's participation in the Offering at such meeting; and (B) instead be permitted to obtain the disinterested minority approval required for WCC's and WVL's participation in the Offering by section 5.6 of MI 61-101 by way of written consent.

The Company also announces that pursuant to the Order, the principal sum and fees of the loan agreement dated January 12, 2017 between WCC, WVL and the Company (the "Standby Facility") is now convertible into securities of the Corporation upon the terms of the Standby Facility.

The Company is also pleased to announce that it has closed its previously announced non-brokered private placement of 666,667 Common Shares at a price of $0.60 per Common Share for aggregate gross proceeds of $400,000.20 (the "Private Placement").

The Company intends to use the net proceeds of the Offering and the Private Placement to reduce indebtedness under the Company's senior credit facility and for general working capital purposes.

Following completion of the Offering and the Private Placement, the Company has 57,180,332 Common Shares issued and outstanding.

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Antwort auf Beitrag Nr.: 54.475.800 von R-BgO am 06.03.17 15:12:18

sie werden gekauft von

Thread: Daseke Adds Defense Specialization with R&R Trucking Addition

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Deal hat geclosed

over-and-out