Western Energy Services Corp V.WRG

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

Energy Oil & Gas Drilling

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

Western Energy Services Corp

Bullboard Posts

Comment by LuckyLuchon Apr 09, 2018 9:16am

180 Views

Post# 27851779

RE:Enough is enough!

I totally agree and tire of these do nothing BOD'S. WRG should at the very least consider selling their service rigs. TDG doesnt really have many options as they have sold their service rigs years ago and sit with untenable debt levels. Zero chance that private equity wouold be interested and 2 large for ESI to entertain a bid.

Drillingcritic wrote: WRG is a chronic underperformer. Until something changes in its strategic approach - it's not going to recover. They haven't done anything sigificant since IROC acquisition in 2013. Unless you consider the failed Savanna bid (Ouch!).

Time to shake up the C-suite! CEO and CFO have lost their effectiveness - how much patience do the shareholders have? Why does Western have 3 Finance VPs with a market cap of $98mm? They keep doing the same thing over and over and expect different results.

At least Trinidad is undergoing a review. WRG?