TOLWF - Trican Well Service: Advantages Through Quality Frac Offerings
- Following the energy industry's recovery, Trican Well Service reactivated a frac spread in Q1 and plans to add a couple more in 2022.
- Its operating profit margin can expand further because of the value-added offerings of the Tier IV DGB pumps.
- However, steep cost inflation led by the supply chain issues can offset the gain partially.
- Although negative free cash flow is a concern, TOLWF's robust balance sheet allays the risk factors.
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Trican Well Service: Advantages Through Quality Frac Offerings