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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 Joseph_Kon Sep 20, 2018 10:04pm
171 Views
Post# 28661004

RE:$2.46

RE:$2.46
bonjovi501 wrote: TCW must be buying back shares today and thank God for that. It was unbelievable to see TCW at $2.29 when this should be a $5 stock. I should have doubled down on the dip. Cr@p!!!


I agree that it should be a $5 stock, but I'd qualify that by saying with >$80 WTI and >$55 WCS.   Both are a ways off.   Maybe by this time next year.   Maybe in the spring.

I do think that TCW should be in the $2.70 to $3 range with current prices.   Where was WCS and WTI last time TCW was over $3 - just three weeks ago?   Aug 28th, WTI was $68.50 and WCS was $36.

The only reason we are down this low is the money flow.  Other sectors are more popular today.  And that is fine by me.   It creates great buying opportunities.

FWIW, TCW may have tagged 2.29 today, but it didn't even get through my bid.  I'd call 2.30, where it did some volume the actual bottom.   Thanks to all who loaded me up at 2.30 today.

Some people would rather roll the dice on Tilray.  Personally I'd rather invest in something.
Bullboard Posts