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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 MrAlbertaon Mar 25, 2019 8:30pm
157 Views
Post# 29534387

RE:I'm guessin' that Q1 is expected slow, but.. Q2

RE:I'm guessin' that Q1 is expected slow, but.. Q2It's funny (ironic funny) when you compare the oil price volatility in Canada with the actual trend of the number of barrels of oil the world consumes each year. Take a 15 year data window. Remember 2007 when oil was way past $100/bbl? World oil consumption was only ~85M bbl. Since a mild dip to 84M bbls in the 2009 "recession" that followed, the annual world oil draw has grown in a smooth steady line. 2019's projected global consumption is just over 100M bbl. We used more oil in each year since 2009. Eventually the lack of spending on North American exploration and drilling will catch up with consumption. The boom is inevitable for production to average out to keep up with the overall long-term trend.
Bullboard Posts