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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

Comment by MrAlbertaon Jan 03, 2022 2:00pm
196 Views
Post# 34279729

RE:RE:RE:RE:Great! Insider Buying Reported

RE:RE:RE:RE:Great! Insider Buying ReportedNote to Firstworld - TCW doesn't sell oil and gas, TCW sells oilfield services. This means they make money when there are booms in exploration, and those are not directly linked to the price of oil their customers are selling at when the oil gets pumped months/years later. Look at any global oil demand graphs and notice that global oil demand has been going up with population growth for decades. Then compare that with exploration levels which have been at historically low levels for years. The increasing demand is outstripping the number of new wells being drilled so their is a supply pinch coming. That's why many analysts have been warning us that we're entering an energy market supercycle. Scarcity of oil will drive up price per barrel, profit margins increase, profits will be used to fund exploration to meet uptick in demand, and profitabe oil companies can pay more for TCW's services. The cycle will start with increased drilling levels at current rates and build to increased drilling levels with industry service rates rising with demand for TCW's services. That's when profit margins will rise in the oilfield services sector. Remember the roaring '20s came after WW1 and the Spanish flu pandemic?! Also, I'm not going to re-explain how a country formed in 1867 can't have railways built >200years ago... Google the history of CP and CN and ask a grade 3 student to help with the math. 
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