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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 jwallingfon Oct 01, 2018 3:16pm
125 Views
Post# 28723754

RE:RE:Thx again!!

RE:RE:Thx again!!The problem is, dbutch, the price of oil and  NAFTA are going to have minimal influence over Canadian drillers. Trican only operates in Canada. They have said that the outlook is soft, spot prices are low, and budgets have yet to be firmed up. Add to that the WCS and light oil spreads widening due to refinery maintenance, the lack of pipelines, and you have a cloudy if not stormy outlook. The rig count tells the story: a drop of 48 rigs in Canada over the last 2 weeks, down 35 from a year ago. We may get to <$2 but I doubt it. The NCIB renewal should put a floor under the price in the current range. Two years from now today's price will look cheap. 
Bullboard Posts