Ranking drillers by activityGood morning Itsalie,
You surely know that Trican is not a land drillerIt has no drilling rig per say.
that is why it is not included.
Trican Well Service Ltd. is a provider of oilfield services, including acidizing, coiled tubing, fracturing, nitrogen pumping, and cementing.
I think Trican reports today so too Precision after the bell.
I will re do the ranking in a week or two.
As per Akita, it is firing from all cylinders since the beginning of October.
I just don't understand the actual sellers at these prices.
My calculations gives me an EPS of about 5 to 7 cents in Q3 because of all the cost associated
with the reactivation of so many rigs but with 13 rigs working in CDN out of 17 and also
12 to 13 out of 15 in the USA Q4 will be spectacular.
I think they could make at least 12 cents if not more in Q4.They may reduced once again their debt level in Q4 but for sure in Q1 of 2025.
Has you can see from my posts, i am ultra bullish on Akita for 2025
Have a nice day.