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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 ongoing research and development. Cementing solutions include pre-flushes and spacers, surface cementing, intermediate cementing, liner cementing, cement plugs and others. The coiled tubing includes milling, coiled tubing fracturing, E-Coil and others. It provides equipment, engineering support, reservoir expertise and laboratory services through the delivery of hydraulic fracturing, cementing, coiled tubing, nitrogen services and chemical sales for the oil and gas industry in Western Canada. Its milling services include fracturing plugs, fracturing ports, stage tool/debris sub and others.


TSX:TCW - Post by User

Bullboard Posts
Comment by Chincy1on Jan 14, 2016 8:18pm
165 Views
Post# 24460250

RE:RE:RE:Clarity was needed here! Paid?

RE:RE:RE:Clarity was needed here! Paid?At September 30, 2015, Trican was holding $194,779,000 of restricted cash and cash equivalents. This amount represents the net proceeds from the sale of its Russian business, which was being held to be applied against its outstanding debt per the terms of its agreement in principle with its lenders and senior noteholders. Trican expects to allocate these funds to its lenders and senior noteholders on November 13, 2015, as per the terms of its finalized amended agreements.


Bullboard Posts