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Western Energy Services Corp V.WRG


Primary Symbol: T.WRG Alternate Symbol(s):  WEEEF

Western Energy Services Corp. (Western) is a Canada-based energy service company. The Company is focused on providing contract drilling services through its division, Horizon Drilling (Horizon) in Canada, and its wholly owned subsidiary, Stoneham Drilling Corporation (Stoneham) in the United States. Western provides well servicing and oilfield rental equipment services in Canada through its wholly owned subsidiary Western Production Services Corp. (Western Production Services). Western Production Services’ division, Eagle Well Servicing (Eagle) provides well servicing, and Aero Rental Services (Aero) provides oilfield rental equipment services. In Contract Drilling Services, the Company operates a fleet of approximately 42 drilling rigs specifically suited for drilling complex horizontal wells. In production services, the Company provides well servicing and oilfield equipment rentals primarily in Canada operates approximately 65 well servicing rigs.


TSX:WRG - Post by User

Comment by djbon Jan 24, 2018 8:40pm
147 Views
Post# 27428389

RE:RE:Wrg will we get taken over??

RE:RE:Wrg will we get taken over??You guys are not seeing the connection here.

It has to do with Matco and Ronald Mathison. 

Matco/Mathison owns 20% of Calfrac, now owns 12% of Western Energy and has a privco Seismic company called Echo according to the Matco site.

Mathison also  a Director and Chairman of Calfrac, Mathison also sits as the Chaiman of WRG.

It would make sense that Mathison would amalgamate Calfrac, Western and Echo into a one stop shop. Get your seismic, drilling and fracking under one umbrella.

If he does he unlocks the value of Echo and creates a new powerhouse O&G service company.
This is how I see the puzzle being put together.

BTW Mathison was the founder of Peters and Co so the connection is there to bring three companies into one.


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