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Calfrac Well Services Ltd T.CFW

Alternate Symbol(s):  CFWFF

Calfrac Well Services Ltd. is an independent provider of specialized oilfield services in North America and Argentina, including hydraulic fracturing, coiled tubing, cementing and other well stimulation services. Its North America segment provides fracturing services to oil and natural gas companies operating in the Williston Basin located in North Dakota and the broader Rockies region. Its Argentinean segment provides fracturing, coiled tubing and cementing services to oil and natural gas companies operating in the Neuquen, Las Heras, and Comodoro Rivadavia regions. It provides solutions for fresh and high TDS brine applications, support for high viscosity friction reducer fracture fluid systems, along with all traditional industry applications of gel based, crosslink and energized fracturing needs. Its coiled tubing service line offers capability in coiled tubing completions and interventions. It offers primary and remedial cementing services in a variety of wells.


TSX:CFW - Post by User

Comment by Danzel88on Jan 26, 2022 5:51pm
255 Views
Post# 34364415

RE:RE:RE:What happened to Calfrac?

RE:RE:RE:What happened to Calfrac?I know that Full dilution is around 85 million shares.   There is potential that it is there to deter anyone from another hostile takeover attempt again like they just dealt with for the past 3 years. With that beind said I still do my PT while factoring in FD to be safe.  There is a lot of insider ownership and ownership from funds in areas they work in (example: South Dakota retirement fund owns a million shares I think), etc.  I like to think at some point they will want to maximize profits as well and do better as a company as whole and will make wise decisions to get the value of this company as high as possible, whether they eventually sell it to a big player or not.   I think the upcoming earnings report and Q1 earnings report will paint a very clear picture in the direction the company is going.  Like mentioned from analysts last year, due to CFW having a balance sheet with heavier debt than others the stock price might take a bit to make big moves, but when it does it could show bigger returns than peers. Just with my past experience the price can move 200-300% in a 1-2 month period after previous slow downs in the industry.   My theory is either it is being held down so other big players can accumulate shares for cheap, there are not much sales for sale for big purchases to snap up,  something a long those lines. I think if we have two quarters of amazing earnings it will be hard to keep this down though and people may have confidence about buying their stock again after the gross refinance.  Again just my theories. Best of luck. Cheers
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