Trican - industry comment From their earnings.
"The rally in oil and related commodity prices that began in Q4 2020 has continued into 2021. WTI moved past US $50/bbl in early Q1 2021 and has not gone below US $50/bbl since then. WTI prices over US $50/bbl suggest that North American oil and gas producers have significantly improved economics, providing some stability for oilfield services activity levels. Natural gas prices are also expected to remain stable, with a positive long-term bias coming from the ongoing construction of LNG facilities in British Columbia. The recovery in commodity prices, combined with significant overall industry cost reductions has led to improved cash flows for our customers. The industry is exercising capital restraint and will be using a significant portion of available cash to restore balance sheets and provide a return to shareholders. We expect that 2021 activity will be modestly higher than 2020."