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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
Post by jwallingfon Oct 01, 2018 1:49pm
107 Views
Post# 28722993

Bleak doesn't do justice

Bleak doesn't do justiceCanadian drillers continue to suffer. A drop of 19 rigs on top of the 29 the previous week adds to the pain. Rig count now 35 below where it was in 2017. There's quite a bit of variance in the rig count as seen here: https://boereport.com/canada-rig-count/. For instance, the count went from 152 at the end of December to 352 in February. Until there is pipeling capacity to get the oil to market, drillers will remain weak. With a long-term view now would be the time to pick the best and buy. Trican fits that profile given its stellar balance sheet and the renewed NCIB.
Bullboard Posts