TSX:TCWEnergy Services
Trican Well Service (TSX:TCW) Stock Price Faces Margin Squeeze After Q2 Loss
Trican Well Service entered this print with a bruised share price, down over 18% in three months and another 13% in the past week, and the market looked ready to give up on the oilfield services story. Then Q2 results arrived as a cold splash of reality. Revenue remained close to last year at CA$214.6m, but earnings moved to a small loss and net income excluding extra items came in at a loss of CA$2.3m.
For a stock that has screened as cheap on trailing P/E and closed at CA$5.89 on July 29,...