BLUETTI Apex 300 Launches on Indiegogo: Versatile Power Station for Homes and Outdoors Français
A Versatile Power Solution for Every Situation
With a powerful 2,764.8Wh battery and a 3,840W inverter, the Apex 300 delivers dual-voltage power (120V & 240V) to run most household appliances. As the industry-first portable power station with a 12kW bypass and 0ms UPS, it allows whole-home essential backup with minimal installation and costs. Despite its robust performance, it remains transportable at 83.78 lbs and draws only 20W when idle.
Scalability is a key advantage, allowing up to three units in parallel for a massive 11.52kW output, 58kWh capacity, and 30kW solar input—enough for homes and remote workspaces.
Reliable Backup Power for Homes
With the Extreme Weather Alert feature, the Apex 300 prepare homes for upcoming power failures. When integrated into homes via a Reliance Sub Panel or the AT1 Smart Distribution Panel, it automatically backs up essential appliances. During extended blackouts, it can even black start 120V or 240V gas generators for recharging.
Maximizing solar energy with the 500V/4,000W SolarX 4K Solar Charge Controller, the Apex 300 ensures a fast 2-year payback. In a parallel system via Hub A1, it takes in a maximum of 30kW solar, helping homeowners reduce energy costs and achieve true solar self-sufficiency.
Portable Power Supply for RV and Off-Grid Living
Built for adventurers and off-grid pioneers, the Apex 300 delivers plug-and-play power for your wildest expeditions. It charges essentials and even RVs via the 30A and 50A ports. To power DC devices like laptops and car fridges, users can pair it with a Hub D1, which provides 700W DC output across seven versatile ports, including a 50A Anderson port. Recharging off the grid is equally flexible, via EV stations, generators, solar panels, or vehicles using the Charger 1 Alternator Charger.
BLUETTI is a trusted energy storage brand in over 110 countries, committed to providing clean, sustainable power for homes, cabins, and off-grid communities worldwide.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Cision Canada
a few seconds ago
- Cision Canada
WESTERN ENERGY SERVICES CORP. RELEASES SECOND QUARTER 2025 FINANCIAL AND OPERATING RESULTS
CALGARY, AB, July 22, 2025 /CNW/ - Western Energy Services Corp. ("Western" or the "Company") (TSX: WRG) announces the release of its second quarter 2025 financial and operating results. Additional information relating to the Company, including the Company's financial statements and management's discussion and analysis ("MD&A") as at June 30, 2025 and for the three and six months ended June 30, 2025 and 2024 will be available on SEDAR+ at Non-International Financial Reporting Standards ("Non-IFRS") measures and ratios, such as Adjusted EBITDA, Adjusted EBITDA as a percentage of revenue, revenue per Operating Day, and revenue per Service Hour, as well as abbreviations and definitions for standard industry terms are defined later in this press release. All amounts are denominated in Canadian dollars (CDN$) unless otherwise identified. Operational and Financial Highlights Three Months Ended June 30, 2025 Financial Highlights: Second quarter revenue of $40.0 million in 2025 was $3.0 million (or 7%) lower than the second quarter of 2024, as higher contract drilling revenue in Canada was more than offset by lower production services revenue. Adjusted EBITDA of $5.9 million in the second quarter of 2025 was $0.6 million (or 11%) higher compared to $5.3 million in the second quarter of 2024. Adjusted EBITDA for the second quarter of 2025 included one-time reorganization costs of $1.0 million, whereas the second quarter of 2024 included $1.8 million of one-time reorganization costs. After normalizing for these one-time reorganization costs in both periods, Adjusted EBITDA in the second quarter of 2025 would have totalled $6.9 million, compared to $7.1 million in 2024, a decrease of $0.2 million due to lower production services activity in Canada. The Company incurred a net loss of $4.6 million in the second quarter of 2025 ($0.14 net loss per basic common share) as compared to a net loss of $5.1 million in the second quarter of 2024 ($0.15 net loss per basic common share) as higher Adjusted EBITDA and decreases in finance costs, were offset partially by higher depreciation expense and a decrease in income tax recovery. Second quarter additions to property and equipment of $6.0 million in 2025 compared to $5.6 million in the second quarter of 2024, consisting of $1.2 million of expansion capital related to rig upgrades and $4.8 million of maintenance capital. During the second quarter of 2025, the Company made a voluntary principal repayment of $5.0 million on its Second Lien Facility (as defined within this press release). Operational Highlights: In Canada, Operating Days of 764 in the second quarter of 2025 were 108 days (or 16%) higher compared to 656 days in the second quarter of 2024. Drilling rig utilization in Canada was 25% in the second quarter of 2025, compared to 21% in the same period of the prior year, mainly due to more upgraded rigs working through spring break up in 2025, as well as improved customer retention in 2025 resulting from targeted marketing efforts. Revenue per Operating Day in Canada averaged $32,709 in the second quarter of 2025, which was 3% higher than the same period of the prior year. In the United States ("US"), drilling rig utilization averaged 17% in the second quarter of 2025, which was lower than the second quarter of 2024, due to continued low industry activity in the US as well as a change in focus to North Dakota from Texas. Revenue per Operating Day in the US for the second quarter of 2025 averaged US$32,506, an 8% increase compared to US$30,016 in the same period of the prior year. The improvement in pricing reflects a more favorable rig mix following the Company's strategic decision to focus its US operations more in North Dakota. In Canada, service rig utilization was 19% in the second quarter of 2025, compared to 33% in the same period of the prior year, as Service Hours decreased by 43% to 7,693 hours from 13,444 hours in the same period of the prior year, mainly due to changes in customer programs. Revenue per Service Hour averaged $1,025 in the second quarter of 2025 and was 1% higher than the second quarter of 2024. Six Months Ended June 30, 2025 Financial Highlights: Revenue for the six months ended June 30, 2025 of $109.0 million was $4.0 million (or 4%) higher than the same period in 2024, as higher contract drilling revenue in Canada was offset partially by lower production services revenue. Adjusted EBITDA for the six months ended June 30, 2025 of $19.9 million was $0.6 million (or 3%) lower compared to $20.5 million in the same period of 2024, mainly due to one-time reorganization costs of $3.6 million. Included in Adjusted EBITDA for the six months ended June 30, 2024, was $1.8 million of one-time reorganization costs. After normalizing for one-time reorganization costs in both periods, Adjusted EBITDA in the first half of 2025 would have totalled $23.5 million, compared to $22.3 million in 2024, an increase of $1.2 million due to higher drilling revenue in Canada, which was offset partially by lower production services activity in Canada and lower drilling activity in the US. The Company incurred a net loss of $2.2 million in the first half of 2025 ($0.06 net loss per basic common share) as compared to a net loss of $3.7 million in the first half of 2024 ($0.11 net loss per basic common share) as decreases in depreciation expense, stock based compensation expense, and finance costs were offset by lower Adjusted EBITDA and income tax recovery. For the six months ended June 30, 2025, additions to property and equipment of $10.9 million compared to $7.5 million in the same period of the prior year, consisting of $1.9 million of expansion capital related to rig upgrades and $9.0 million of maintenance capital. Operational Highlights: In Canada, Operating Days of 2,077 for the six months ended June 30, 2025 were 468 days (or 29%) higher compared to 1,609 days in the same period of the prior year. Drilling rig utilization in Canada was 34% in the first half of 2025, compared to 26% in the same period of the prior year, mainly due to more upgraded rigs working through spring break up in 2025 than in 2024, as well as improved customer retention year over year due to targeted marketing efforts. Revenue per Operating Day in Canada averaged $33,288 for the six months ended June 30, 2025, which was consistent with the same period of the prior year. In the US, drilling rig utilization averaged 22% for the six months ended June 30, 2025, which was lower than 25% in the same period in the prior year, due to continued low industry activity in the US and a change in focus to North Dakota from Texas. Revenue per Operating Day in the US for the six months ended June 30, 2025 averaged US$29,759 a 4% decrease compared to US$30,967 in the same period of the prior year, mainly due to changes in rig mix. In Canada, service rig utilization was 27% in the six months ended June 30, 2025, compared to 38% in the same period of the prior year, as Service Hours decreased by 31% to 22,108 hours from 31,843 hours in the same period of the prior year, mainly due to changes in customer programs. Revenue per Service Hour averaged $1,052 in the first half of 2025 and was 1% higher than the same period in the prior year. On January 27, 2025, the Company announced that it extended the maturity date of its second lien secured term loan with Alberta Investment Management Corporation (the "Second Lien Facility") from May 18, 2026 to May 18, 2027. Selected Financial Information (stated in thousands, except share and per share amounts) Three months ended June 30 Six months ended June 30 Financial Highlights 2025 2024 Change 2025 2024 Change Revenue 40,005 43,033 (7 %) 109,015 105,015 4 % Adjusted EBITDA (1) 5,853 5,259 11 % 19,929 20,478 (3 %) Adjusted EBITDA as a percentage of revenue (1) 15 % 12 % 25 % 18 % 20 % (10 %) Cash flow from operating activities 19,804 19,260 3 % 22,482 27,062 (17 %) Additions to property and equipment 5,954 5,635 6 % 10,933 7,537 45 % Net loss (4,585) (5,136) 11 % (2,199) (3,681) 40 % – basic and diluted net loss per share (0.14) (0.15) 7 % (0.06) (0.11) 45 % Weighted average number of shares – basic and diluted 33,843,022 33,843,015 - 33,843,022 33,843,015 - Outstanding common shares as at period end 33,843,022 33,843,015 - 33,843,022 33,843,015 - (1) See "Non-IFRS Measures and Ratios" included in this press release. Three months ended June 30 Six months ended June 30 Operating Highlights (2) 2025 2024 Change 2025 2024 Change Contract Drilling Canadian Operations: Operating Days 764 656 16 % 2,077 1,609 29 % Revenue per Operating Day (3) 32,709 31,765 3 % 33,288 33,226 - Drilling rig utilization 25 % 21 % 19 % 34 % 26 % 31 % CAOEC industry Operating Days (4) 10,407 10,725 (3 %) 28,647 28,363 1 % United States Operations: Operating Days 110 153 (28 %) 277 317 (13 %) Revenue per Operating Day (US$) (3) 32,506 30,016 8 % 29,759 30,967 (4 %) Drilling rig utilization 17 % 24 % (29 %) 22 % 25 % (12 %) Production Services Service Hours 7,693 13,444 (43 %) 22,108 31,843 (31 %) Revenue per Service Hour (3) 1,025 1,016 1 % 1,052 1,040 1 % Service rig utilization 19 % 33 % (42 %) 27 % 38 % (29 %) (2) See "Defined Terms" included in this press release. (3) See "Non-IFRS Measures and Ratios" included in this press release. (4) Source: The Canadian Association of Energy Contractors ("CAOEC") monthly Contractor Summary, calculated on a spud to rig release basis. Financial Position at (stated in thousands) June 30, 2025 December 31, 2024 June 30, 2024 Working capital (1) 12,637 9,911 22,203 Total assets 407,791 430,981 443,354 Long-term debt – non current portion 89,057 91,657 106,912 (1) See "Defined Terms" included in this press release. Business Overview Western is an energy services company that provides contract drilling services in Canada and in the US and production services in Canada through its various divisions, its subsidiary, and its first nations relationships. Contract Drilling Western markets a fleet of 41 drilling rigs specifically suited for drilling complex horizontal wells across Canada and the US. Western is currently the fourth-largest drilling contractor in Canada, based on the CAOEC registered drilling rigs [1]. Western's marketed and owned contract drilling rig fleets are comprised of the following: (1) See "Contract Drilling Rig Classifications" included in this press release. (2) Source: CAOEC Contractor Summary as at July 22, 2025. Production Services Production services provides well servicing and oilfield equipment rentals in Canada. Western operates 62 well servicing rigs and is the second-largest well servicing company in Canada based on CAOEC registered well servicing rigs [2]. Western's well servicing rig fleet is comprised of the following: Business Environment Crude oil and natural gas prices impact the cash flow of Western's customers, which in turn impacts the demand for Western's services. The following table summarizes average crude oil and natural gas prices, as well as average foreign exchange rates, for the three and six months ended June 30, 2025 and 2024: (1) See "Abbreviations" included in this press release. (2) Source: Sproule June 30, 2025, Price Forecast, Historical Prices. West Texas Intermediate ("WTI") on average decreased by 21% and 14% for the three and six months ended June 30, 2025 respectively, compared to the same periods in the prior year. In 2025, crude oil prices were impacted by market volatility as a result of tariffs implemented by the US government, counter-tariffs in response by several countries, lower global demand and the continued conflict in the Middle East and Eastern Europe. 1 Source: CAOEC Drilling Contractor Summary as at July 22, 2025. 2 Source: CAOEC Well Servicing Fleet List as at July 22, 2025. Pricing on Western Canadian Select crude oil declined by 18% and 6% for the three and six months ended June 30, 2025 respectively, compared to the same periods of the prior year. Natural gas prices in Canada were higher in the three and six months ended June 30, 2025, compared to the same periods in the prior year with the 30-day spot AECO price increasing by 48% and 15% respectively. The US dollar to the Canadian dollar foreign exchange rate for the three and six months ended June 30, 2025 strengthened by 1% and 4% respectively, compared to the same periods in the prior year. Lower WTI prices in the first half of 2025 contributed to weaker industry drilling activity in the US. As reported by Baker Hughes Company [3], the number of active drilling rigs in the US decreased by approximately 5% to 554 rigs as at June 30, 2025 as compared to 581 rigs at June 30, 2024 and averaged 579 rigs during the six months ended June 30, 2025, compared to 613 rigs in the same period of the prior year. In Canada there were 157 active rigs in the Western Canadian Sedimentary Basin ("WCSB") at June 30, 2025, compared to 182 active rigs as at June 30, 2024, representing a decrease of approximately 14%; the CAOEC [4] reported that for drilling in Canada, the total number of Operating Days in the WCSB for the three months ended June 30, 2025, were 3% lower than the same period in the prior year, whereas the total number of Operating Days in the WSCB for the six months ended June 30, 2025 were 1% higher than the same period of the prior year. Outlook In 2025, commodity prices faced downward pressure due to trade tensions resulting from newly imposed US tariffs on imports and retaliatory measures from several countries. These actions contributed to a broader global trade conflict, heightening uncertainty in the global economy. Ongoing geopolitical conflict in Eastern Europe and the Middle East, combined with persistently weak global demand for crude oil, further impacted market sentiment. These macroeconomic factors are expected to impact commodity prices through the remainder of 2025. Additionally, in Canada, the outcome of the 2025 federal election may lead to shifts in energy policy, potentially affecting the approval of future energy infrastructure projects. This contributes to additional uncertainty for the Canadian energy services industry. The precise duration and extent of the adverse impacts of the current macroeconomic environment on Western's customers and operations remains uncertain at this time. Despite these headwinds, recent infrastructure developments present opportunities for the energy services industry. The Trans Mountain pipeline expansion commenced operations on May 1, 2024, providing critical takeaway capacity. Additionally, the Coastal GasLink pipeline delivered its first shipment of liquefied natural gas on June 30, 2025, and the LNG Canada project has begun operations in British Columbia. These projects are expected to support increased activity in Western Canada's energy sector. Western is also cautiously optimistic that the current trade environment may prompt renewed focus among Canadian provinces on strengthening domestic energy independence, which may help accelerate additional project approvals. To navigate this complex environment, Western has implemented several strategic initiatives in 2025, including a reorganization of senior leadership to enhance operational efficiency and support long-term growth. As part of this process, the decision was made to focus on US operations exclusively in North Dakota and redeploy assets previously operating in Texas. The Company remains focused on managing fixed costs, preserving balance sheet strength, deleveraging the business, and maintaining flexibility to respond to market conditions. With these initiatives in place, Western believes it is well-positioned to benefit from improving service demand and pricing momentum. Western's upgraded rig fleet positions the Company to remain competitive in a tightening market. The total rig fleet in the WCSB has decreased from 385 drilling rigs at June 30, 2024 to 372 drilling rigs as of July 22, 2025, representing a decrease of 13 drilling rigs, or 3%, which reduces the supply of drilling rigs for such projects. Currently, 11 of Western's drilling rigs and 8 of Western's well servicing rigs are operating. As disclosed previously, Western's board of directors has approved a capital budget for 2025 of $20 million, comprised of $2 million of expansion capital and $18 million of maintenance capital. The 2025 budget includes approximately $3 million of committed expenditures from 2024 that will carry forward into 2025. Western will continue to manage its costs in a disciplined manner and make required adjustments to its capital program as customer demand changes. In the near term, the primary challenges facing the energy services industry include commodity price volatility, the impact of industry consolidation on Western's exploration and production customers and potential customers, and constrained customer drilling activity, as exploration and production companies continue to prioritize shareholder returns through share repurchases, increased dividends, and debt reduction rather than production growth. Should commodity prices stabilize over a sustained period, and as customers further strengthen their balance sheets, an increase in drilling activity may follow. Over the medium term, Western believes its rig fleet is well positioned to benefit from increased drilling and production activity associated with the completion of the LNG Canada project and the Trans Mountain pipeline expansion. In addition, increased focus on domestic energy security and economic independence may support further development activity across the sector. 3 Source: Baker Hughes Company, 2025 Rig Count monthly press releases. 4 Source: CAOEC, monthly Contractor Summary. Non-IFRS Measures and Ratios Western uses certain financial measures in this press release which do not have any standardized meaning as prescribed by International Financial Reporting Standards ("Non-IFRS"). These measures and ratios, which are derived from information reported in the condensed consolidated financial statements, may not be comparable to similar measures presented by other reporting issuers. These measures and ratios have been described and presented in this press release to provide shareholders and potential investors with additional information regarding the Company. The Non-IFRS measures and ratios used in this press release are identified and defined as follows: Adjusted EBITDA and Adjusted EBITDA as a Percentage of Revenue Adjusted earnings before interest and finance costs, taxes, depreciation and amortization, other non-cash items and one-time gains and losses ("Adjusted EBITDA") is a useful Non-IFRS financial measure as it is used by management and other stakeholders, including current and potential investors, to analyze the Company's principal business activities prior to consideration of how Western's activities are financed and the impact of foreign exchange, income taxes and depreciation. Adjusted EBITDA provides an indication of the results generated by the Company's principal operating segments, which assists management in monitoring current and forecasting future operations, as certain non-core items such as interest and finance costs, taxes, depreciation and amortization, and other non-cash items and one-time gains and losses are removed. The closest IFRS measure would be net income (loss) for consolidated results. Adjusted EBITDA as a percentage of revenue is a Non-IFRS financial ratio which is calculated by dividing Adjusted EBITDA by revenue for the relevant period. Adjusted EBITDA as a percentage of revenue is a useful financial measure as it is used by management and other stakeholders, including current and potential investors, to analyze the profitability of the Company's principal operating segments. The following table provides a reconciliation of net loss, as disclosed in the condensed consolidated statements of operations and comprehensive loss, to Adjusted EBITDA: Three months ended June 30 Six months ended June 30 (stated in thousands) 2025 2024 2025 2024 Net loss (4,585) (5,136) (2,199) (3,681) Income tax expense (1,008) (1,621) (566) (1,093) Loss before income taxes (5,593) (6,757) (2,765) (4,774) Add (deduct): Depreciation 10,348 10,075 20,391 20,598 Stock based compensation (238) (161) (1,169) 276 Finance costs 2,286 2,494 4,639 5,150 Other items (950) (392) (1,167) (772) Adjusted EBITDA 5,853 5,259 19,929 20,478 Revenue per Operating Day This Non-IFRS measure is calculated as drilling revenue for both Canada and the US respectively, divided by Operating Days in Canada and the US respectively. This calculation represents the average day rate by country, charged to Western's customers. Revenue per Service Hour This Non-IFRS measure is calculated as well servicing revenue divided by Service Hours. This calculation represents the average hourly rate charged to Western's customers. Defined Terms Drilling rig utilization: Calculated based on Operating Days divided by total available days. Operating Days: Defined as contract drilling days, calculated on a spud to rig release basis. Service Hours: Defined as well servicing hours completed. Service rig utilization: Calculated as total Service Hours divided by 217 hours per month per rig multiplied by the average rig count for the period as defined by the CAOEC industry standard. Working capital: Calculated as current assets less current liabilities as disclosed in the Company's consolidated financial statements. Contract Drilling Rig Classifications Cardium class rig: Defined as any contract drilling rig which has a total hookload less than or equal to 399,999 lbs (or 177,999 daN). Montney class rig: Defined as any contract drilling rig which has a total hookload between 400,000 lbs (or 178,000 daN) and 499,999 lbs (or 221,999 daN). Duvernay class rig: Defined as any contract drilling rig which has a total hookload equal to or greater than 500,000 lbs (or 222,000 daN). Abbreviations Barrel ("bbl"); Canadian Association of Energy Contractors ("CAOEC"); DecaNewton ("daN"); International Financial Reporting Standards ("IFRS"); Pounds ("lbs"); Thousand cubic feet ("mcf"); Western Canadian Sedimentary Basin ("WCSB"); and West Texas Intermediate ("WTI"). Forward-Looking Statements and Information This press release contains certain forward-looking statements and forward-looking information (collectively, "forward-looking information") within the meaning of applicable Canadian securities laws, as well as other information based on Western's current expectations, estimates, projections and assumptions based on information available as of the date hereof. All information and statements contained herein that are not clearly historical in nature constitute forward-looking information, and words and phrases such as "may", "will", "should", "could", "expect", "intend", "anticipate", "believe", "estimate", "plan", "predict", "potential", "continue", or the negative of these terms or other comparable terminology are generally intended to identify forward-looking information. Such information represents the Company's internal projections, estimates or beliefs concerning, among other things, an outlook on the estimated amounts and timing of additions to property and equipment, anticipated future debt levels and revenues or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. This forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. In particular, forward-looking information in this press release includes, but is not limited to, statements relating to: the business of Western; industry, market and economic conditions and any anticipated effects on Western and its customers; commodity pricing; the future demand for the Company's services and equipment; the effect of inflation and commodity prices on energy service activity; expectations with respect to customer spending; the impact of Western's upgraded drilling rigs; the potential continued impact of the current conflicts in Eastern Europe and the Middle East on and other macroeconomic factors on commodity prices; the Company's capital budget for 2025, including the allocation of such budget; Western's plans for managing its capital program; the energy service industry and global economic activity; expectations of increased industry activity with respect to the Trans Mountain pipeline project, the Coastal GasLink pipeline project and the LNG Canada project; the impact of the US tariffs on the approach of Canadian governments towards approval of Canadian energy projects and a focus on domestic energy independence; potential changes in Canadian government policies resulting from the outcome of the 2025 federal election; the Company's ability to benefit from improving service demand and pricing momentum; the Company's ability to continue to focus on deleveraging the business; expectations surrounding the level of investment in Canada and its impact on the Company; challenges facing the energy service industry; the Company's focus on debt reduction; expectations with respect to increased drilling activity; and the Company's ability to maintain a competitive advantage, including the factors and practices anticipated to produce and sustain such advantage. The material assumptions that could cause results or events to differ from current expectations reflected in the forward-looking information in this press release include, but are not limited to: demand levels and pricing for oilfield services; demand for crude oil and natural gas and the price and volatility of crude oil and natural gas; pressures on commodity pricing; the impact of inflation; the continued business relationships between the Company and its significant customers; crude oil transport, pipeline and LNG export facility approval and development; that all required regulatory and environmental approvals can be obtained on the necessary terms and in a timely manner, as required by the Company; liquidity and the Company's ability to finance its operations; the effectiveness of the Company's cost structure and capital budget; the effects of seasonal and weather conditions on operations and facilities; the competitive environment to which the various business segments are, or may be, exposed in all aspects of their business and the Company's competitive position therein; the ability of the Company's various business segments to access equipment; global economic conditions and the accuracy of the Company's market outlook expectations for 2025 and in the future; the impact, direct and indirect, of epidemics, pandemics, other public health crisis and geopolitical events, including the conflicts in Eastern Europe and the Middle East and the import tariffs implemented by the US administration on Western's business, customers, business partners, employees, supply chain, other stakeholders and the overall economy; changes in laws, regulations or policies; currency exchange fluctuations; the ability of the Company to attract and retain skilled labour and qualified management; the ability to retain and attract significant customers; the ability to maintain a satisfactory safety record; that any required commercial agreements can be reached; that there are no unforeseen events preventing the performance of contracts and general business, economic and market conditions. Although Western believes that the expectations and assumptions on which such forward-looking information is based on are reasonable, undue reliance should not be placed on the forward-looking information as Western cannot give any assurance that such will prove to be correct. By its nature, forward-looking information is subject to inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, volatility in market prices for crude oil and natural gas and the effect of this volatility on the demand for oilfield services generally; reduced exploration and development activities by customers and the effect of such reduced activities on Western's services and products; political, industry, market, economic, and environmental conditions in Canada, the US and globally; supply and demand for oilfield services relating to contract drilling, well servicing and oilfield rental equipment services; the proximity, capacity and accessibility of crude oil and natural gas pipelines and processing facilities; liabilities and risks inherent in oil and natural gas operations, including environmental liabilities and risks; changes to laws, regulations and policies; the ongoing geopolitical events in Eastern Europe and the Middle East and the duration and impact thereof; fluctuations in foreign exchange, inflation or interest rates; failure of counterparties to perform or comply with their obligations under contracts; regional competition and the increase in new or upgraded rigs; the Company's ability to attract and retain skilled labour; Western's ability to obtain debt or equity financing and to fund capital operating and other expenditures and obligations; the potential need to issue additional debt or equity and the potential resulting dilution of shareholders; uncertainties in weather and temperature affecting the duration of the service periods and the activities that can be completed; the Company's ability to comply with the covenants under its debt facilities, including the Second Lien Facility, and the restrictions on its operations and activities if it is not compliant with such covenants; Western's ability to protect itself from "cyber-attacks" which could compromise its information systems and critical infrastructure; disruptions to global supply chains; and other general industry, economic, market and business conditions. Readers are cautioned that the foregoing list of risks, uncertainties and assumptions are not exhaustive. Additional information on these and other risk factors that could affect Western's operations and financial results are discussed under the headings " Risk Factors" in Western's annual information form for the year ended December 31, 2024, which is available under the Company's SEDAR+ profile at The forward-looking statements and information contained in this press release are made as of the date hereof and Western does not undertake any obligation to update publicly or revise any forward-looking statements and information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Any forward-looking statements contained herein are expressly qualified by this cautionary statement.
Cision Canada
2 hours ago
- Cision Canada
Decision Notice - CIRO Hearing Panel issues Reasons for Decision in the matter of Jonathan Thomas Jones Français
VANCOUVER, BC, /CNW/ - Following a settlement hearing held on May 30, 2025, pursuant to the Investment Dealer and Partially Consolidated Rules, a hearing panel of the Canadian Investment Regulatory Organization (CIRO) issued its reasons for decision on July 10, 2025. The hearing panel's reasons for decision are available at: Re Jones 2025 CIRO 34 In their reasons for decision, the hearing panel found that Jonathan Jones traded in a security by means other than the entry of an order on a marketplace and confirmed a fine of $21,000 and costs of $2,000 imposed as part of the settlement. At all material times, Jonathan Jones conducted business with Haywood Securities Inc. in the Vancouver, British Columbia area. Jonathan Jones is currently registered as a Dealing Representative with Leede Financial Inc. The Canadian Investment Regulatory Organization (CIRO) is the national self-regulatory organization that oversees all investment dealers, mutual fund dealers and trading activity on Canada's debt and equity marketplaces. CIRO is committed to the protection of investors, providing efficient and consistent regulation, and building Canadians' trust in financial regulation and the people managing their investments. For more information, visit All information about disciplinary proceedings relating to current and former member firms and individual registrants under the Investment Dealer and Partially Consolidated Rules (for investment dealers), the Mutual Fund Dealer Rules (for mutual fund dealers) and the Universal Market Integrity Rules (UMIR) is available on CIRO's website. Background information regarding the qualifications and disciplinary history, if any, of advisors currently employed by CIRO-regulated investment firms is available free of charge through the AdvisorReport service. Information on how to make dealer, advisor or marketplace-related complaints is available by calling 1-877-442-4322. CIRO investigates possible misconduct by its member firms and individual registrants. It can bring disciplinary proceedings which may result in sanctions including fines, suspensions, permanent bars, expulsion from membership, or termination of rights and privileges for individuals and firms. All other Inquiries: Complaints & Inquiries Secure form Toll-free (Canada/US) 1-877-442-4322 SOURCE Canadian Investment Regulatory Organization (CIRO)
Cision Canada
2 hours ago
- Cision Canada
Robert Half named by Forbes as one of Canada's Best Recruiting and Temporary Staffing Firms 2025
TORONTO, July 22, 2025 /CNW/ - Global talent solutions and business consulting firm Robert Half has been named one of Canada's Best Professional Recruiting Firms, Executive Recruiting Firms, and Temporary Staffing Firms in Forbes ' inaugural ranking of Canadian staffing and recruiting firms. The rankings were produced in partnership with market research firm Statista. The lists are based on survey responses from more than 15,000 participants in Canada—composed of human resources managers, hiring managers, recruiters and employees who recently worked with a recruiting firm. The survey was conducted between mid-February and mid-April 2025. "Being named to Forbes' first list of Canada's best recruiting companies is an honour, and makes us enormously proud", said David King, Senior Managing Director, Robert Half, Canada and South America. "Receiving this recognition underscores the importance we place on being a trusted advisor, providing access to world-class talent, diverse hiring solutions for our clients and the professionals we represent, as well as leadership within the larger industry." Robert Half connects companies with skilled talent and helps job seekers find roles from entry-level to executive positions, on both contract and permanent bases. Through its award-winning AI capabilities, the company has enhanced the candidate discovery, assessment and selection process, increasing its ability to staff critical roles faster. Robert Half is also recognized by Fortune as one of the 2025 World's Most Admired Companies. Robert Half is among a select group of companies to be honoured as a Fortune Most Admired Company for 28 consecutive years and is the only in its industry to achieve this distinction. About Robert Half Robert Half is the world's first and largest specialized talent solutions firm that connects opportunities at great companies with highly skilled job seekers. Offering contract and permanent placement solutions in the fields of finance and accounting, technology, marketing and creative, legal, and administrative and customer support, Robert Half has more than 300 locations worldwide. Robert Half is the parent company of Protiviti ®, a global consulting firm that provides internal audit, risk, business and technology consulting solutions. Robert Half, including Protiviti, has been named to the Fortune ® Most Admired Companies ™. Explore our comprehensive solutions, research and insights at
