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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
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Comment by LuckyLuchon May 05, 2018 5:04pm
141 Views
Post# 27987688

RE:A good buy or good bye?

RE:A good buy or good bye?Entrenched, ineffective mgt seems to be the norm in the cad energy service space.  Why have they not jettisoned their service rig division by now??  Seems like an easy call and certainly bidders around such as HWO, TOT, CWC and PD.


Drillingcritic wrote: How long have analysts been saying WRG is a good buy?  Its going to spike soon!  Until the operations are fixed - they are going to continue to underperform  If you look at the info circ - CEO and CFO both recieved $100k adiitional discretionary bonus - for an underperforming organization? Rewarding poor results?  WRG will not be a "good buy" until it has strong operational results and manages its debt in a more prudent manner. Time for a change?


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