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 Jun 20, 2018 10:51am

77 Views

Post# 28198515

RE:$11.54....

The company should sell off its service rig division..pronto and pay down debt. The Akita buyout of Xtreme was very encouraging. Several pvt co buyouts recently on the service side as well. EBITDA is what matters for high capex co's.

SIGG1 wrote:
That was on July 5th 2014.

4 years later: $1.05

Look at the 4 year chart! Ugliest chart I have ever seen! This might go to zero, too much debt to repay and they can't turn a profit. Bad management team.