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Calfrac Well Services Ltd T.CFW

Alternate Symbol(s):  CFWFF

Calfrac Well Services Ltd. is a provider of specialized oilfield services, including hydraulic fracturing, coiled tubing, cementing and other well completion services to the oil and natural gas industries. The Company's segments include North America and Argentina. The Company's principal business is hydraulic fracturing of horizontal and vertical oil and natural gas wells. It provides slickwater solutions for fresh and high TDS brine applications, support for high viscosity friction reducer fracture fluid systems, along with all traditional industry applications of gel based, crosslink and energized fracturing needs. Its fleet under the coiled tubing service includes conventional coiled tubing units paired with high-capacity reel-trailers; mast coiled tubing units; custom-designed coiled tubing strings, and E-coil, among others. It offers primary and remedial cementing services in a variety of wells, such as shallow and deep.


TSX:CFW - Post by User

Comment by MrAlbertaon Feb 07, 2022 11:34pm
323 Views
Post# 34407338

RE:RE:RE:RE:RE:RE:What happened to Calfrac?

RE:RE:RE:RE:RE:RE:What happened to Calfrac?The thing that is driving me nuts about Calfrac is that despite the company being a contrarian recovery story, the trading volume is almost zero. Today was abnormally low at 6772 shares and an averag volume of 22,272 shares. For perspective, share price is $5.54Cdn so that's $37,516.88 today or an average day $245,266.88. Two average joe individual investors could be the only trade of the day at these levels. Even the bigger number is only 0.12% of the market cap which is sad. The lack of interest and liquidity is what makes it an unattractive investment and so it's just languishing with very few people ever wanting in or out. It's hard to enjoy being a shareholder when it just feels like the company is just stuck. Management has to manage its way out of this stagnation. Hopefully oil prices help turn this one around too but any time things get ugly it is primarily a management issue to deal with crises.
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