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TOLWF - Trican Well Service cuts FY2020 capex budget and outlook.
Trican Well Service Ltd
Trican Well Service (OTCPK:TOLWF-1.1%) forecasts Q1 revenue in the range of $190M - $194M; excluding the effect of AFDA adjustments, and anticipated severance costs, Trican had anticipated adjusted EBITDA margins of 12% - 13%, an improvement from 9% in Q4 2019 and 11% in Q1 2019.
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