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 > Will Oil Hit $100 This Year?

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Comment by EstevanOutsideron Jun 23, 2021 5:35am

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Post# 33432823

RE:RE:RE:Will Oil Hit $100 This Year?

June looks close to 2019 levels for licensing issuances and I think July onwards will show higher y-o-y activity rates going forward, probably for a long time. Trican is busy for Q2 and will not lose money for the first time in years. Service OFS capacity is less then several years ago so we can have a tighter market with less crews. Into 2022, 2023, I expect a huge ramp up to fill the new pipes and take advantage of North American declines - especially shale.

Exciting times.

Backinblack1000 wrote: Yup, definitely think that some drilling is gotta be fired up by the recent rise in wti.....and nat gas inventories can get drawn down pretty quick, especially with the hot weather.......imo...glta

EstevanOutsider wrote: lots of the work now is gas weighted. aeco is above $3 in the summer, that's incredible. i like trican also as a way to get exposed to natural gas and liquids, not just crude oil.