Calfrac Well Services Ltd T.CFW

Show your support to Ukraine and sell/short CFW.

[GoodMonkey]

Let's all get together and let's show businesses like CFW who refuse to get out of Russia that is isn't acceptable.  Let's all short this stock.

Below is a list of companies who have left Russia. Their assets could get ceised by Russia but they are still leaving because this is the right thing to do. 



 

Consumer goods and retail

• British American Tobacco said its was exiting its Russian business. Philip Morris, the cigarette maker, suspended planned investments and will reduce manufacturing in Russia.

• Fast Retailing, the Japanese clothing company that operates Uniqlo, said it would suspend its operations in Russia. The company came under criticism after its chief executive, Tadashi Yanai, told an interviewer that its stores would continue selling clothes in Russia.

• Unilever, which owns brands like Dove and Sunsilk, suspended imports and exports.

• So did Ikea, though it will continue to operate its major chain of shopping centers, Mega, in Russia to ensure that customers have access to essentials.

• TJX, the owner of T.J. Maxx and Marshalls, promised to divest its equity ownership in Familia, an off-price retailer with more than 400 stores in Russia.

• H&M, which had about 170 stores in Russia, paused sales, as did Nike, with about 116 stores.

• Canada Goose, which is based in Toronto, will cease wholesale and e-commerce sales to Russia.

• Adidas said it would suspend sales in Russia, cutting 1 percent from its expected revenue growth this year. The company has about 500 stores in Russia and the former Soviet states.

Energy

• Shell will exit its joint ventures with Gazprom, the Russian natural gas giant.

• BP will sell its nearly 20 percent stake in Rosneft, the Russian state-controlled oil company.

• Exxon Mobil will end its involvement in a large oil and natural gas project.

Finance

• Deutsche Bank said it was “in the process of winding down our remaining business” and was helping its clients reduce operations in the country.

• Goldman Sachs “is winding down its business in Russia in compliance with regulatory and licensing requirements.” It was the first big American bank to exit the country. Its announcement was followed hours later by JPMorgan Chase, the largest bank in the United States.

• Western Union will suspend its operations in Russia and Belarus.

• The consulting firm Bain said it would not work with any Russian business and had put a policy in place in 2020 “to not work for the Russian government at any level — central, state or departmental.” McKinsey & Company said it would not take on any new work in Russia, would stop work for state-owned entities and “will no longer serve any government entity in Russia.” Boston Consulting Group will not take on any new clients in Russia and has “started to wind down work where possible and will not take on any new work,” it said. McKinsey and Boston Consulting Group said they did not have any contracts with “the central government.”

• American Express, Mastercard and Visa cards issued by Russian banks will not work in other countries, and cards issued elsewhere will not work for purchases in Russia.

• Citigroup, which has about 3,000 employees in Russia, said it would “expand the scope” of its exit from the country after previously stating that it would “assess” its operations there. Citi’s consumer division in Russia was already running limited operations, and the business is for sale as part of a broader exit from overseas markets announced last year. Its withdrawal includes cutting additional lines of business and ending solicitation of new business and clients.

• The Big Four accounting firms — Deloitte, EY, KPMG and PWC — are pulling out of the country.

Food

• Restaurant Brands International, which owns Burger King, is ending corporate support for the roughly 800 locations operated by local franchisees in Russia, and will not approve any additional investment or expansion.

• Mars, the maker of M&M’s and Snickers, has suspended new investments in Russia.

• Little Caesars is suspending all operations at Russian stores, which are owned by franchisees.

• Carlsberg, the world’s third-largest brewer, said it had halted investments and would stop selling its flagship beer brand in Russia. The Carlsberg Group’s Baltika Breweries, based in St. Petersburg, will be run as a separate business.

• Heineken said it would stop producing, advertising and selling beer in Russia.

• McDonald’s said it was temporarily closing its nearly 850 locations in Russia and halting operations there.

• Starbucks said it was closing all of its locations in Russia, where they are owned and operated by the Kuwaiti conglomerate Alshaya Group.

• PepsiCo said it would stop selling soda in Russia but would continue to produce dairy and baby food products there, calling it a “humanitarian” effort.

• Yum Brands is closing 70 company-owned KFC restaurants and all 50 franchise-owned Pizza Hut restaurants.

Media

• Netflix suspended its service and halted future projects in the country.

• The Walt Disney Company, Sony and Warner Bros. paused the release of movies in Russia. Disney also paused all of its business operations in the country.

Tech

• Google suspended advertising, including on its search and YouTube products. YouTube said it would globally block all channels associated with Russian state-funded media, including RT and Sputnik, citing a violation of its policy of “denying, minimizing or trivializing well-documented violent events.” The company also said it would remove others’ videos about Russia’s invasion of Ukraine that violate the policy.

• Sony, which makes the PlayStation video game console, said it had “suspended all software and hardware shipments” to Russia, as well as operation of the PlayStation Store in the country.

• Amazon Web Services has stopped accepting new customers for its cloud computing services.

• Microsoft and Apple paused sales. IBM suspended business.

• Cogent and Lumen, which provide so-called backbone internet services, cut off access.

• Uber said it was trying to “accelerate” its divestment from the Russian internet company Yandex, which operates a ride-hailing service.

Travel and logistics

• Hyatt and Hilton, the hotel chains, suspended development work in the country, and Hilton closed its corporate office in Moscow.

• Amadeus and Sabre, which provide ticket sales technology to airlines, cut ties with Aeroflot, the national flag carrier and the largest airline in Russia.

• UPS, FedEx and DHL have suspended shipments to and operations within Russia and Belarus.

• Airbus and Boeing have suspended the supply of parts, maintenance and technical support services to Russian airlines. Boeing also said it had stopped buying titanium from Russia, a key source of the metal for the aerospace industry.

• American Airlines, Delta Air Lines and United Airlines cut ticket sales partnerships with Russian airlines. All three airlines also stopped flying over Russia.

Manufacturing

• Stellantis, the maker of Jeep, Fiat and Peugeot vehicles, has suspended imports and exports.

• Caterpillar, which makes construction and earth-moving equipment, is pausing manufacturing in Russia.

• Hitachi, the Japanese industrial company, said it was suspending exports to Russia and pausing manufacturing.