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

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Post by 5to10holdon Apr 10, 2019 1:35pm

186 Views

Post# 29608035

Shr Buy-backs

Need to remember that TCW issued ~43m shares to repay debt back in 2016. So effectively, this "dilutive" trxn has now been unwound and the company is now starting to accretively re-purchase shares for its cash flow generating asset base, inclusive of canyon.

Full disclosure - i am long as of the start of this year.

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Investing with insurance and protection