This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Canyon Provides Flood Update

CALGARY, June 24, 2013 /CNW/ - (TSX: FRC) Canyon Services Group Inc. ("Canyon") provides the following update on the flood situation in Southern Alberta.

It is expected that the Calgary head office will reopen Wednesday, June 26.  No ongoing delays are expected in the head office as it does not appear that there was any damage to the building.  Canyon did not experience any systems interruptions as its main servers are located offsite in an area of Calgary that experienced no flooding or power disruptions.  Until the office re-opens later this week, the Calgary based staff continue to operate via offsite and home computer system access.  Client frac satellite services are working via remote computer access.

Other than the head office, all field operating bases are operating as per usual, and have not been adversely impacted.  Field operations are continuing although delays are expected as our clients in the Calgary downtown area have not had office access and likely will not become operational until after the Canada Day weekend.  In the month of June, most of the significant field delays being experienced throughout the basin are due to typical seasonal rain.  Any work postponed from Q2 will be completed in the remainder of this year, likely in Q3.

Fortunately, only six Canyon staff were evacuated from their homes due to flooding.  All have found accommodations with family and friends.

Canyon continues to support the community in its restoration efforts and has dispatched people and equipment to aid in the rebuilding process.

Canyon's common shares trade on the Toronto Stock Exchange under the symbol "FRC".  Canyon provides high-quality fracturing and related stimulation services to the oil and gas industry in the Western Canadian Sedimentary Basin.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs