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Inside the Market

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Thursday’s analyst upgrades and downgrades Add to ...

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Inside the Market’s roundup of some of today’s key analyst actions

Trican Well Service Ltd.’s (TCW-T) acquisition of Canyon Services Group Inc. (FRC-T) drives “much needed” consolidation in the Western Canada Sedimentary Basin (WCSB) oilfield, said Canaccord Genuity analyst John Bereznicki.

On Wednesday, the companies announced the all-stock deal valued at $637-million, including the assumption of $40-million in Canyon debt. Trican is offering 1.7 of its shares for each Canyon share.

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