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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 Notgnuon Oct 28, 2020 11:14pm
229 Views
Post# 31801043

RE:RE:RE:RE:RE:Nice WRG price recovery on the TSX

RE:RE:RE:RE:RE:Nice WRG price recovery on the TSXHi TradeTracer. I haven't called because I realized later that the purchase was made under an exemption. Can't remember the definition off hand but it is a private purchaser's exemption of one kind or another.

That said I have in the past spoken to these guys and they are very straight up to talk to. They are just caught between a rock and a hard place re/ oil prices and sector activity but I got a great impression last time. I may yet call them again but I think that trade is not particularly indicative of anything major at this point. I encourage you to call them though.

I will pass on any info if I get it it's just that WRG is in my long term hold pile now. I am now more focussed on NCU (recent purchase at .08 avg) and watching my other (larger) positions TOT, HWO, CMMC and NWHM in particular as it is my largest holding and earnings are on Nov2

Good luck,
Notgnu
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