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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 12, 2018 2:33pm
219 Views
Post# 28790264

RE:RE:TCW takeover over rumors of SHLD

RE:RE:TCW takeover over rumors of SHLDThis is someone who doesn't understand financial statements. This leads to nonsense posts about a company such as Trican going bankrupt. Companies with a current ratio of 2.64, a quick ratio of 2.10 and debt/equity of .065 don't go bankrupt. They have .47 in working capital per share. They'll survive the current abysmal conditions in the Canadian oil patch and thrive when drilling picks up. That's at least a year away, maybe two. Buying some now means getting in near the bottom (which I peg at ~$2) but you may be sitting at these levels for quite a while. A long-term hold with limited downside. 
Bullboard Posts