Total Energy Services Inc. (TOTZF) CEO Daniel Halyk on Q4 2019 Results - Earnings Call Transcript

Total Energy Services Inc. (OTCPK:TOTZF) Q4 2019 Earnings Conference Call March 13, 2020 11:00 AM ET

Company Participants

Daniel Halyk - President, CEO and Director
Yuliya Gorbach - VP, Finance and CFO

Conference Call Participants

Daine Biluk - CIBC Capital Markets
John Bereznicki - Canaccord Genuity
Josef Schachter - Schachter Energy Research

Operator

Good morning, ladies and gentlemen. Welcome to the Total Energy Services, Inc. Fourth Quarter and Year End Results Conference Call. As a reminder, all participants are in listen-only mode and the conference is being recorded. After the presentation there will be an opportunity to ask questions. [Operator Instructions]

I would now like to turn the conference meeting over to Mr. Daniel Halyk. Please go ahead, Mr. Halyk.

Daniel Halyk

Thank you. Good morning and welcome to Total Energy Services’ fourth quarter 2019 conference call. Present with me is Yuliya Gorbach, Total’s VP, Finance and CFO. We will review with you Total’s financial and operating highlights for the three months ended December 31, 2019, we will then provide an outlook for our business and open up the phone lines for any questions.

Yuliya, please proceed.

Yuliya Gorbach

Thank you, Dan. During the course of this conference call, information may be provided containing forward-looking information concerning Total’s projected operating results, anticipated capital expenditure trends, and projected drilling activity in the oil and gas industry. Actual events or results may differ materially from those reflected in Total’s forward-looking statements due to a number of risks, uncertainties, and other factors affecting Total’s business and the oil and gas service industry in general.

These risks, uncertainties, and other factors are described under the heading Risk Factors and elsewhere in Total’s most recently filed Annual Information Form and other documents filed with Canadian provincial securities authorities that are available to the public at www.sedar.com. Our discussions