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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 gasoholicon Apr 15, 2022 4:21pm
353 Views
Post# 34606852

RE:Excellent YT analysis on Trican Well Services!

RE:Excellent YT analysis on Trican Well Services!Thanks, great post. Due to the quality of the graphics and intimate knowledge of the company it almost comes on as an infomercial. But the average investor needs a presentation like this as they are clueless about the sector. One thing he missed is the built in demand for increased natural gas in BC  when LNG Canada comes on stream in 2025. They'll start getting wells on line in 2024 because its going to take a lot of gas just to fill the 670 km of 48" line. Phase 1 of the LNG Canada plant will require 1.8 bcfper day. Phase 2 will require another 1.8 bcf. Phase 2 has not been approved for construction by LNG Canada. It would make the economics of the site as they will have all of the infrastructure and most of the permits in place. IE the site, pipeline from NE BC, wharf, power supply, etc. The 1.8 bcfpd capacity is about 1/3 of the entire amount of natgas BC presently produces.
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