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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
Comment by Funinthesun1on Sep 04, 2018 8:53am
163 Views
Post# 28557819

RE:RE:Next week

RE:RE:Next week I get what you're saying but the point I make is TCW's plan is seemingly to concentrate on maintaining business steady, buying back it's share (great investment at this time - average of about $3.00 or so) and ramping up with major clients/contracts for Q3 that were pending. Clients are/were holding back on their capital expenditures but the overall feeling is that they will be investing in those wells going forward. TCW is buying back it's share because the share price is low and see it going higher, especially when the basins heat up, which they see it happening. Once the buy back is completed (to most likely go until mid 2019 IMO); profits will turn into dividents. Another 9 months (3 quarters) of buy back and maintaining steadiness and growth where/as needed (new crew/hires) and the SP will pop. One way that he company can and will raise capital when needed is in share offerings later down the road..so to put it simply, to buy them at an average of 3.00 now and to offer them later at 7.00 or so is simply good math. My guess is when dividents hit...end of 2019; a share price of 10.00 plus will be norm again. For now, TCW is not ready to pop...only day traders are making it go up and down. Mind you, blocks are being sold and bought back up by interesting players who can stay the course and are investing for revenue growth of 2019. If current conditions remain the same...barring another cyclical crash for any reason...TCW will look much different next year. As a long term holder...a drop in SP really does not effect me but I do see it going down a bit more. IMO.
Bullboard Posts