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.

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Trican Well Service Ltd > More lost business

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Comment by MrAlbertaon Apr 13, 2021 8:27pm

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Post# 32990293

RE:RE:RE:More lost business

Well, the Baker Hughes rig count is:
International is 715 rigs, which is -344 compared to 2020
USA is 432 rigs, which is -170 compared to 2020
but Canada is 58 rigs which is +23 compared to 2020

The CAODC says we're going to drill +14% more wells than last year.

I'd rather invest in a well completion company in the country with the increasing rig counts and drilling expectations instead of the decreasing areas.

And as for everything being 10,000km away... well it's nice to have a rich neighbour with 10x our population we can sell resources too. I think we'll be fine.

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