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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

Post by retiredcfon Aug 07, 2023 10:54am
248 Views
Post# 35576121

Another View

Another ViewEPS was $0.05, well ahead of estimates of $0.015. Revenue of $168.2M matched estimates. EBITDA of ~$32M was 25% ahead of estimates. Free cash flow was $22.7M. Revenue rose 10%. Since June, it has bought back an impressive 2.7M shares, yet still remains net-debt free with cash at $26M. Growth is very high this year but is expected to slow to 10% next year. The stock is quite cheap at 8X earnings. There is small cap and cyclical risk here but otherwise it looks good. (5iResearch)
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