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Bullboard - Stock Discussion Forum 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... see more

TSX:TCW - Post Discussion

Trican Well Service Ltd > Another View
View:
Post by retiredcf on Aug 07, 2023 10:54am

Another View

EPS 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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