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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 firstworldon May 29, 2024 8:05am
99 Views
Post# 36061835

RE:Mid-teen FREE CASHFLOW on a soft year, with no debt

RE:Mid-teen FREE CASHFLOW on a soft year, with no debt
drunk@noon wrote: 20% of market cap in positive working capital. On top of this they will max out on their buy backs again this year. And then guess, what. LNG Canada come aboard next year, and the stock doubles.
I'm not loading up because I'm thinking dead money for awhile. But whenever awhile ends, the stock will move.

Too bad the Afrimax 880000 bbl tankers picking up oil at Vancouver are only allowed to load 550,000 bbl by the govt who states that the support tug boats and other services are in such bad shape they can't handle Afrimax that even 4th world can....
 
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