Total Energy Services Inc. (TOTZF) CEO Daniel Halyk on Q1 2020 Results - Earnings Call Transcript

Total Energy Services Inc. (OTCPK:TOTZF) Q1 2020 Earnings Conference Call May 7, 2020 11:00 AM ET

Company Participants

Daniel Halyk - President, Director & Chief Executive Officer
Yuliya Gorbach - Vice President, Finance & Chief Financial Officer

Conference Call Participants

John Bereznicki - Canaccord Genuity
Tim Monachello - AltaCorp Capital
Ian Gillies - Stifel
John Gibson - BMO Capital Markets

Operator

Thank you for standing by. This is the conference operator. Welcome to the Total Energy's First Quarter 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 call so to Mr.Daniel Halyk, President and CEO. Please go ahead.

Daniel Halyk

Thank you, operator. Good morning and welcome to Total Energy Services first quarter 2020 conference call. Present with me this morning 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 March 31, 2020 and then provide an outlook for our business and open up the phone lines for 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 businesses and the oil and gas service industry in general. These risks, uncertainties and other factors are described under heading Risk Factors and also in Total's most recently filed Annual Information Form and other documents filed with Canadian Provincial Securities Authorities and available to