Trican Well Service Ltd T.TCW

Alternate Symbol(s): TOLWF

Energy Oil & Gas Equipment & Services

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

Trican Well Service Ltd

Bullboard Posts

Post by 5to10holdon Feb 25, 2019 12:00pm

226 Views

Post# 29409316

I'm In - Rationale Below

Invested late last week and again today. Rationale as follows:

- Very nice balance sheet (touch wood!)
- GIven the above, limited downside (30-40% if you believe in late 2018 lows) relative to long-term upside (need some conviction that Canadian energy eventually will get its act somewhat together)
- Strong Management - appears to be doing the right things around balance sheet management and capital allocation. Like that they are pro-active in finding a use for cash flow vs just sitting on hands - whether it be de-leveraging, share buy-backs or targeted investment in assets.

good luck to everyone invested

Bullboard Posts

Investing with insurance and protection