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Western Energy Services Corp V.WRG


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

Western Energy Services Corp. is a Canada-based energy services company that provides contract drilling services in Canada and in the United States and production services in Canada through its various divisions, its subsidiary, and its first nations relationships. The Company's services include Horizon Drilling, Stoneham Drilling, Eagle Well Servicing and Aero Rental Services. Its contract drilling business includes drilling rigs along with related ancillary equipment. Its production services business includes well servicing rigs and related equipment, as well as rental equipment. It markets a fleet of approximately 41 drilling rigs specifically suited for drilling complex horizontal wells across Canada and the United States. The Company operates around 63 well servicing rigs. Its drilling rigs can include features such as AC power, top drive, dual fuel, automated pipe handling, automated catwalk, hydraulic substructure levelling, hydraulic BOP handling and Range III tubulars.


TSX:WRG - Post by User

Comment by djbon Jan 24, 2018 8:40pm
150 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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