10:42 AM EDT, 08/21/2025 (MT Newswires) -- Trican Well Service ( TOLWF ) retained its Outperform rating and C$7 price target at RBC Capital Markets, according to a note published Wednesday.

RBC released the note as Trican announced that it received clearance from the Competition Bureau for its planned acquisition of Iron Horse Energy Services.

Trican now expects the deal to close on or about Aug. 27, ahead of RBC's Oct. 1 estimate.

RBC expects the announcement to have a neutral impact on Trican shares as Trican and Iron Horse have "primarily complimentary operational footprints".

Trican traded 1.1% higher at last look Thursday to $5.78 on the TSX.

Price: 5.78, Change: +0.07, Percent Change: +1.23