Trican Well Service Ltd T.TCW

$43 bbl WCS

[firstworld]

Bail out of TCW as fast as you can no one will spend a dime on wells.  Even RU getting $78bbl LOL. 

Too bad TCW left RU and their market of 7B people.

[MrAlberta]

Doubt it, Cenovus just announced a capital budget of $4.0-$4.5billion. It's not all wells but that is a good indicator that O&G spending, in western Canada, will be on an uptick in 2023. Also, you're WCS price is a work of fiction. The last time WCS was $43 was in early 2021. The WCS today is $49.17US which is lower than I would like to see but just use real numbers already. The RU

[tileb81]

This post has been removed in accordance with Community Policy

[firstworld]

This post has been removed in accordance with Community Policy

[firstworld]

Just an inflationary increase since have to buy all the RU steel etc from Asia or Germany via Dubai....they all take their cut.  Then you have the whining Canadians buried in debt crushed by interest can't even afford the F150 fuel demanding raises while sick or dog babysitting half the time haha. Canadians O&G capex inflation is nearly 300% if simple pipelines and those metrics are

[kepiyal]

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[MrAlberta]

Interesting theory except that Russia has not supplied Canada with >2% of our steel imports over the past 5 years of data that I can find. Even Russian steel came through Germany, that's only a couple percent at best. Not sure how capex inflation is 300% when the overall economy is somewhere between 5-10%, I think the only thing suffering from inflation is the connection between your so

[firstworld]

Look at pipeline and other petchem projects inflation.  Pipeline 300% petchem 100% + If you weren't a captive Canadian coddled with fake news and censorship and poor education, perhaps travelling 100K KM yr , you would know RU iron ingots and other alloys are 70% + global market share haha....all steel used in Canada is RU steel. That part of how they paid back the WW2 lend-lease debt

[MrAlberta]

TCW up again strongly today on this important off-topic speculation about steel. The only way Russia produces 70%+ of the world's iron ingots is if they are the world's largest iron ore producer (which they are not) or if they are the world's largest iron ore importer (which they are not). Nor do they export the most steel. The only stat that is remotely close to what you are claiming