Western Energy Services Corp V.WRG

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

Energy Oil & Gas Drilling

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

Western Energy Services Corp

Bullboard Posts

Comment by TradeTraceron Apr 11, 2019 2:27am

105 Views

Post# 29611015

RE:Who wil buy WRG

SIGG1 wrote: My guess is Precision Drilling

As good as that would be I wouldn't want that...

PD has a high debt burden and I don't realistically see them making much of a cash offer...

My thoughts go back to when they were in pursuit of Trinidad Drilling (TSX:TDG) back in October where they offered a share takeover to trump Ensigns $1.68/share offer (At the peak it equalled $1.95/share) but PD's stock soon tanked and Ensign actually won the takeover

Cash or a cash/equity deal is king to any future suitor

Bullboard Posts

Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle