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Trican Well Service Ltd T.TCW

Alternate Symbol(s):  TOLWF

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.


TSX:TCW - Post by User

Bullboard Posts
Comment by AB1Canadaon Dec 15, 2015 12:05am
178 Views
Post# 24384450

RE:RE:RE:RE:Trican sighting

RE:RE:RE:RE:Trican sighting
Windsock wrote:
AB1Canada wrote: True. Spoke with someone within on the 5th and they informed me 'all' the frac haulers were back at that one base. Good news considering 45% of said base is laid off compared to March numbers.



How much does Trican make hauling sand? Not much I would bet.

You can have all your equipment running day and night but if you are doing it for big discounts you really are not getting anywhere.

The quipment looking like new might just mean they had a week or shop time polishing up that unit...... as long as they can still afford the polishing materials


 

 

Youre missing the bigger picture. This base having all their sand haulers working means that all their frac'rs are working. Fracturing is the bread winner in dollars and cents for the company.  Also I dont think you read a word prior on discounts. Ticket prices are written so that even with heavy discountss the company is still profitting. 

As far as the like new equipment.. Did you guys fail to think that perhaps Trican was utilizing all that new equipment they bought in 2013. They did just sell 20 of their tractors... Perhaps they realized hey instead of selling at a discount lets make use and retire or put aside some older equipment.. who knows Im not the brains behind the operations but I would probably do just that.

Bullboard Posts