Driving Shareholder Value through Sustainable Operations - TSX: SHLE

Source is well positioned to grow its contracted base and benefit from E&Ps switching to direct sourcing and transitioning into manufacturing activities. Source’s consistent financial performance is supported by long-term contracts with large E&Ps and industry activity in the Montney and Duvernay. Our in-basin multi-product terminals and logistics offerings provide competitive advantage over domestic sand delivery competition in the WCSB.

Financial Reports

Upcoming Events

November 5, 2021 - 7:30 AM (Calgary time)

2021 Third Quarter Results Release and Conference Call

Source Energy Services’ third quarter financial results for the period ending September 30, 2021, will be released following the Toronto Stock Exchange market close on Thursday, November 4, 2021. A conference call has been scheduled for 7:30 am (Calgary time) on Friday, November 5, 2021. Interested analysts, investors, and media representatives are invited to register to participate in the call. Once you are registered, a dial-in number and passcode will be provided to you via email. The link to register for the call is below. The call will be recorded and available for playback approximately 2 hours after the meeting end time, until end of day December 5, 2021.

Playback number: 1-800-319-6413 (toll-free in Canada and the United States)

Passcode: 7805

Analyst Coverage

Source Energy Services Ltd. is followed by the analysts listed below. This list is being provided solely for your information and convenience and does not constitute or imply, by its reference or distribution, Source Energy Services Ltd.’s endorsement of or concurrence with such information, conclusions or recommendations made by these analysts. Please note that any opinions, estimates or forecasts regarding Source Energy Services Ltd.’s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Source Energy Services Ltd. or its management.

Institution Analyst
BMO Capital Markets John Gibson

SEDAR Profile

Our Presentations

Mandate of the Board

The members of our Board of Directors have the responsibility to oversee the conduct of the business of Source Energy Services Ltd. and to oversee the activities of management who are responsible for the day-to-day conduct of the business.

Click here to read our full Board Mandate

Click here to read the Position Description for the Chairman of the Board

Source has adopted a Majority Voting Policy regarding the election of Directors.

Click here to read our Majority Voting Policy

Board Committees

Our Board of Directors includes Audit, Compensation and Corporate Governance, Health, Safety and Environment, and Technical Committees.

The Audit Committee is comprised of Carrie Lonardelli (Chair), Jeff Belford, and Stew Hanlon.

Click here to read the Audit Committee Mandate

The Compensation and Corporate Governance Committee is comprised of Steven Sharpe (Chair), Stew Hanlon, and Jeff Belford.

Click here to read the Compensation and Corporate Governance Committee Mandate

The Health, Safety and Environment Committee is comprised of Ken Seitz (Chair), Stew Hanlon, and Chris Johnson.

Click here to read the Health, Safety and Environment Committee Mandate

Business Conduct and Ethics

Source Energy Services Ltd. and its subsidiaries are committed to conducting the business of the Company ethically and legally.

Click here to read Source’s Code of Business Conduct

Whistleblower Policy

Our Whistleblower Policy addresses the continuing commitment of Source Energy Services Ltd. and its subsidiaries to integrity and ethical behavior. This Policy establishes procedures that allow employees, contractors and suppliers of Source to confidentially and anonymously submit any concerns regarding activity that may be considered ethically, morally or legally questionable to the Chair of the Audit Committee of the Board of Directors without fear of discrimination, retaliation or harassment.

Click here to read Source’s Whistleblower Policy

Constating Documents

Material Agreements

  • Trust Indenture Download
  • Fifth Amended and Restated Credit Agreement Download
  • First Amended and Restated Intercreditor Agreement Download


2021 Annual Meeting of Shareholders

Source Energy Services is using the “notice-and-access” provisions under National Instrument 54-101 – Communication with Beneficial Owners of Securities of a Reporting Issuer (the “Notice-and-Access Provisions”) to send meeting materials for its 2021 Annual General Meeting of Shareholders (the “Meeting”). Instead of receiving printed copies of the notice of the Meeting, the Management Information Circular (the “Circular”), the audited consolidated financial statements of Source for the year ended December 31, 2020 and management’s discussion and analysis thereon (“Financial Information”) (the Circular and Financial Information collectively, the “Meeting Materials”), our Holders are able to access the Meeting Materials electronically. Holders continue to receive a proxy or voting instruction form, as applicable, enabling them to vote at the Meeting. We also provide paper copies of the Meeting Materials to Beneficial Holders who have standing instructions to receive, or for whom Source has otherwise received a request to provide paper copies of materials.

The Meeting will be held on Friday, May 7, 2021 at 9:00 a.m. (Calgary time) in a virtual, audio only, webcast format due to the COVID-19 pandemic and upon the recommendations of federal, provincial, and municipal governments to mitigate risks to public health and safety. Shareholder engagement is extremely important to Source and all shareholders will have equal opportunity to ask questions. Below are the details to attend the virtual-only Meeting:

You will need the latest version of Chrome, Safari, Edge or Firefox. Please do not use Internet Explorer to join the Meeting. If the link below opens by default in Internet Explorer, please copy and paste the link into another browser to continue.

You can participate online using your smartphone, tablet or computer. You may log in here: https://web.lumiagm.com/210563632. Case sensitive password: source2021.

A Virtual Meeting Guide can be accessed below and is available here.

Details on how to vote and participate in the Meeting are contained in our Information Circular which you can access below.

Annual Documents

You are now leaving the Source Energy Services Ltd. website and going to a third-party website. Third-party websites are not owned, operated or controlled by Source Energy Services Ltd. or its subsidiaries or affiliates (collectively “Source”). By making these links available, Source is not endorsing any third-party website, including but not limited to their products, services or page owners. Source is also not responsible for the content of any third-party website, nor does it make any representation or warranty of any kind regarding any third-party website.