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Bullboard - Stock Discussion Forum 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... see more

TSX:TCW - Post Discussion

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Post by Nikm10 on Feb 19, 2021 11:50pm

M&A rumors

Also there have been M&A rumours on this board for 5 years and i've seen them come and go every couple of months, theres no point in getting more HP because the HP supply isnt the issue its the demand and with the current HP TCW has once the price per HP goes up they are at 500 million a year easy. $1000/HP is the goal and adding that 280K that CFW has is not going to make that happen sooner or later so why shoot for it just so you can have that extra equipment on hand? It doesnt make sense because you'd need a superboom to utilize that 700K as a company alone.

No the best play is to sit tight, zero debt, market share leader, and wait for the demand and thats exactly what management is doing, these guys know whats up and Fedora built canyon from the ground up and is an excellent successor to previous CEO.
Comment by Adonis1411 on Feb 20, 2021 6:28pm
Totally agree. Plus CFW still has a lot of debt. If you were going to buy HHP (which they shouldn't) and weren't afraid of taking on some debt, the better play would be STEP. CFW has a big US pumping presence which TCW has already learned is a fool's game. STEP has a very small US presence which could be spun and a high quality coil business. Personally, I'd rather just see them ...more  
Comment by firstworld on Feb 22, 2021 7:54pm
I'd like to see them stop taking welfare dollars....and refund all the welfare to date. Already complaining about labour shortages haha sorry no one going to come back to work to give up welfare for a 100 hr project....
Comment by HugeCrane on Feb 23, 2021 1:33am
Oh firstworld. Shoulda coulda woulda bud. Your comments are becoming less intelligent sounding and less antagonistic. Just desperate. Sad. I will give you one thing. You are not a quitter. You persevere through all the 52 week highs and still come back for more LOL. 
Comment by HugeCrane on Feb 23, 2021 1:37am
We had a labour shortage in the boom years as well and look how that turned out. Pretty darn good. Buckle up buddy boy. The fun is just getting started. 
Comment by Adonis1411 on Feb 23, 2021 2:16am
That's why they're running six spreads and not eleven. And why STEP and CFW have four. No one is adding assets and people without the work volumes to support keeping them busy... No matter who the client is. It took about 10 years, but they're finally showing discipline.
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