Professional
Added to YB: 2025-08-26
Pitch date: 2025-08-20
TCW.TO [bullish]
Trican Well Service Ltd.
+4.74%
current return
Author Info
Nugget Capital Partners is a research analyst specializing in resources w/ focus on energy. Sign up for the newsletter.
Company Info
Trican Well Service Ltd., an equipment services company, provides various products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells in Canada.
Market Cap
CAD 1.0B
Pitch Price
CAD 5.60
Price Target
N/A
Dividend
3.85%
EV/EBITDA
4.67
P/E
10.57
EV/Sales
1.03
Sector
Energy Equipment and Services
Category
growth
Opportunity arises in US hydraulic fracturing - Trican Well Service Ltd
TCW.TO: Canadian fracturing company with competitive Tier 4 equipment, showing resilience vs peers with obsolete diesel fleets. Bull case: stable pricing at cyclical lows, high utilization despite reduced activity, equipment attrition ramping up, strong demand for next-gen equipment, LNG catalyst, increasing horsepower needs.
Read full article (4 min)