Trican Well Service Ltd TOLWF

CPG tweaking

[gasoholic]

Have a test program for no frac multi-leg wells. I think it means replacing fracking with more intensive drilling. Might not be good news for frackers but drillers could benefit.

https://www.investorvillage.com/groups.asp?mb=19168&mn=459152&pt=msg&mid=23663537

[firstworld]

Fracing very bad for ESG and bankers evaluation not to mention the hundreds of thousands of  L diesel and  similar water used for single frac. Drilling underutilized with flat USA drilling (sell less for more) and WSC trading with heavier discount than RU oil haha...how embarassing for Canadians to take stealth price caps and  sanctions with pleasure....to bad dont have anmy othjer

[EstevanOutsider]

Trican pretty much folded their shop in SE SK along time ago aside from their cementing division which is obviously not impacted by this assuming it is effective. Even Calfrac in Bienfait long abandoned ship. Element used to be there too and ended up predominantly working in Wyoming. Not really a "game changer" for Canadian frac. If they start doing this in the Montney or Permian wake me

[firstworld]

It's currently lowest price bidding most are trading dollars sell now the pump can't co on much longer though I suppose Canadians getting their latest welfare bonus and tax break may pump it into stock as they drive to the food bank in their 2022 Yukon haha.