RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Raymond James. C$2.30 PT They've also got the largest duel-fuel (DGB) fleet in Canada (lower emissions - highly sought after by ESG focused E&Ps to tick the box) and recently have been adding: https://www.linkedin.com/company/trican-well-service-ltd-/ . Conversion to dual-fuel is cheaper than buying new and they're the only ones in Canada with the balance sheet and commitment to this market to pursue it. Liberty / SLB will in time, assuming that they end up hanging around in Canada.
Trican is a very good business, albeit in a sector where companies have made very poor returns on capital employed in recent years. As the market looks to rationalize equipment and fleets, TCW should be able to handily outperform. New CEO is a pretty sharp guy as well and obviously knows the business (former Canyon CEO and prior TCW Chairman).