RE: RE: Some replies from TID CEO...... As he indicated, the company made significant profit last quarter but their bank covenants forced them to hedge currency and had to book a paper loss on the currency hedge.
Trican Well Service had a surprise $40 million loss last quarter so I would not be too hard on Tuscany. I am sure Trican did not expect the size of this loss either nor did the market. That is why it share price is down 60% from its high.