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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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(15)
•••
Post by Swing4theFenceon Mar 17, 2020 11:22pm
427 Views
Post# 30819940

In search of the long term 10 bagger

In search of the long term 10 baggerFirst of all, the insider buying here is insane around 50 cents - looks like at least 12 million shares by Sime Armoyan in the last week. (www.canadianinsider.com)

I see a debt free company which is extremely rare in the oil batch so it should survive in some form (Parex Resources only other debt free company I have seen)

I see net tangible book value of $575 MM / 271.5 MM shares outstanding = $2.11 / share (Wow!).  Paid for assets (again no debt) trading at 25 cents on the dollar

The short term prospects of the company are about as lousy as it gets providing fracing services.

You got boy wonder (Nuttall) 2 years ago pounding the table on it up at $3.00 advocating share buybacks at that point https://www.bnnbloomberg.ca/video/eric-nuttall-discusses-trican-well-service~1465081

Why not take a flyer on this one ?  Tuck it away in an account you don't look at very often and you could be well well rewarded.  I am sure they could sell off their high quality fracing assets / move to other countries and the share price could easily double.

I'm a long term buyer.


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