Trican Well Service Ltd T.TCW

Alternate Symbol(s): TOLWF

Energy Oil & Gas Equipment & Services

Trican Well Service Ltd. is a Canada-based oilfield services company. The Company supplies oil and natural gas well servicing equipment and solutions to its customers through the drilling, completion and production cycles. Its services include hydraulic fracturing, cementing, acidizing, coiled tubing and technical solutions. Its cementing solutions combine equipment, quality cement blends and ongoing research and development. Cementing solutions include pre-flushes and spacers, surface cementing, intermediate cementing, liner cementing, cement plugs and others. The coiled tubing includes milling, coiled tubing fracturing, E-Coil and others. It provides equipment, engineering support, reservoir expertise and laboratory services through the delivery of hydraulic fracturing, cementing, coiled tubing, nitrogen services and chemical sales for the oil and gas industry in Western Canada. Its milling services include fracturing plugs, fracturing ports, stage tool/debris sub and others.

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Trican Well Service Ltd > Trican vs Step

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Comment by firstworldon Sep 20, 2022 2:38am

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Post# 34972927

RE:RE:RE:RE:Trican vs Step

Typical Canadian company racking up the debt desperatly selling the best business cheap to survive short term. Always a 6 month vision thats why they all needed $400BN in bailouts last three years... Still an agrairian country like 1923.....

EstevanOutsider wrote:
At the time, it was the US sale that saved the company so can't say it was a bad decision in retrospect. At the time the US market was also oversupplied which is the opposite now. 5-years has been a long time. They did the right thing at the time.

firstworld wrote: Too bad Trican sold USA and RU business both are the best performing units....dimwits.

EstevanOutsider wrote: STEP was trading at a distressed valuation while Trican was trading at a premium multiple. STEP carried heavy debt and was a credit risk prior to the recovery and normalization of credit metrics. STEP's US exposure set corporate records while Q2 set a ebitda record of any quarter.

Trican continues to trade at a premium multiple to STEP.

STEP's outperformance is mostly based on multiple correction rather than fundamentals.