Impact: Neutral. We expect the stock to trade in line with the market today as results were largely in line with consensus expectations. Operationally, the Company retired ~74,000 hp and is temporarily suspending its South Texas operations, both of which we view positively.
28 Apr 2016
RESULTS IN LINE WITH CONSENSUS. CAPEX REDUCED. ADDITIONAL EQUIPMENT PARKED AND RETIRED.
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RESULTS IN LINE WITH CONSENSUS. CAPEX REDUCED. ADDITIONAL EQUIPMENT PARKED AND RETIRED.
Calfrac Well Services Ltd. (CFW:TSE) | 0 0 1.1% | Mkt Cap: 964.6m
- Published:
28 Apr 2016 -
Author:
Ian B. Gillies -
Pages:
3
Impact: Neutral. We expect the stock to trade in line with the market today as results were largely in line with consensus expectations. Operationally, the Company retired ~74,000 hp and is temporarily suspending its South Texas operations, both of which we view positively.