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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

Post by Snowhouseon Aug 11, 2018 8:59pm
102 Views
Post# 28445663

Patience

Patience Emotions are running very high at the moment and investors are losing patience eventually after waiting for 3-4 years. Given TSX at all time high, Oil prices at multi-years highs and many of the O&G stocks at multi year or life time lows.
Apparently, shorts have won in this game and until market sentiment improves the upside trend is hard to believe.
It doesn’t mean these O&G companies are worthless and should be valued at Zero. I personally feel many of these companies are in the final bottom zone and would start the new uptrend very soon.
It is the perfect time for bottom fishing and take it as an investment and not short term trade.
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