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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
Post by Cruizer11on Feb 22, 2018 5:26pm
189 Views
Post# 27605425

Confused

Confused

Scratching my head a little bit as to what people are thinking. Im not saying that we should of jumped 10% or anything either but to be down this much doesnt make sense to me.

Last year this time we were over 5 Dollars a share, had zero free cashflow, was around 230 million in Debt and oil was below 50..

Now were 3 bucks, Have enough free cash flow to buy back all outstanding shares by years end if they wanted to, probably get rid of the debt in a couple months and oil is above 60.

So how is Trican trading around 3 considering how much of a turn around has happened in 1 year?!

 

Bullboard Posts