Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 Toasted2on Jun 20, 2019 11:03pm
219 Views
Post# 29847702

RE:RE:RE:TCW Closes Another

RE:RE:RE:TCW Closes AnotherPhantom

With all due respect, you have to be a little more objective...You actually sound like an employee or someone close to the scene, thus the bias...

With utilization rates are low as they are, what exactly are you proposing...bring employees in to play cards, wash off stagnant equipment? There are only so many man hours to divide between the crews...limited work! Well..this is the only way for a company to survive, every one in the sector is having a heck of a time..you have to be smart.

The only suggestion I can think of cut all shifts back by 30-40% in an attempt to keep a few more people employed..but even then you have a no win situation as people still have a baseline income they need to make to pay the bills.

sucks all around really...but ulitmately, the role of leadership in this scenario is to ensure that the company is still around down the road..

.The people you should be blaming are Notley and Trudeau as the tarnished reputation and unstable business environment lead internationals to question investment in our country...Just look at how well the heavy handed approach has worked in Venezula with the “peoples” resources...

To better days..

T2
Bullboard Posts