Trican Default

Q140: Before the end of 2016, will Trican Well Services enter creditor protection, default on its loan obligations, or cease operating?
Yes: 20%

Trican Well Services, an oilfield services company, is in some financial trouble due to current low oil prices (see article here).  They have suspended their annual dividend, significantly reduced their workforce, and are currently in negotiations on loosening the terms of their debt.

I think it is quite possible that Trican will be unable to meet its debt obligations.  However, it is also possible that the will be able to delay the day of reckoning beyond the end of 2016.  They might also return to profitability due to rising oil prices.