In conjunction with the new oil price forecast released by FirstEnergy on February 8, 2016, we have updated our 2016e Canadian well count/drilling days forecast to 3,800/43,325 from 4,950/54,853. In 2017e, we are now forecasting wells/drilling days of 6,200/70,200 from 7,900/86,600. In the U.S., our 2016e rig count forecast is now 610 (prior: 763) and 2017e is 775 (prior: 1,063).
09 Feb 2016
Energy Services 4Q15e Preview and Updating Activity Outlook – Buckle Up
Ensign Energy Services Inc. (ESI:TSE), 0 | Precision Drilling Corporation (PD:TSE), 0 | Savanna Energy Services (SVY:TSE), 0 | Trinidad Drilling (TDG:TSE), 0 | Western Energy Services Corp. (WRG:TSE), 0 | Cathedral Energy Services Ltd. (CET:TSE), 0 | Pason Systems Inc. (PSI:TSE), 0 | PHX Energy Services Corp. (PHX:TSE), 0 | Black Diamond Group Limited (BDI:TSE), 0 | Mullen Group Ltd. (MTL:TSE), 0 | Secure Energy Services Inc. (SES:TSE), 0 | Total Energy Services Inc. (0S9F:LON), 0 | Calfrac Well Services Ltd. (CFW:TSE), 0 | Canyon Services Group (FRC:TSE), 0 | Trican Well Service Ltd. (TCW:TSE), 0 | CES Energy Solutions Corp (CEU:TSE), 0
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Energy Services 4Q15e Preview and Updating Activity Outlook – Buckle Up
Ensign Energy Services Inc. (ESI:TSE), 0 | Precision Drilling Corporation (PD:TSE), 0 | Savanna Energy Services (SVY:TSE), 0 | Trinidad Drilling (TDG:TSE), 0 | Western Energy Services Corp. (WRG:TSE), 0 | Cathedral Energy Services Ltd. (CET:TSE), 0 | Pason Systems Inc. (PSI:TSE), 0 | PHX Energy Services Corp. (PHX:TSE), 0 | Black Diamond Group Limited (BDI:TSE), 0 | Mullen Group Ltd. (MTL:TSE), 0 | Secure Energy Services Inc. (SES:TSE), 0 | Total Energy Services Inc. (0S9F:LON), 0 | Calfrac Well Services Ltd. (CFW:TSE), 0 | Canyon Services Group (FRC:TSE), 0 | Trican Well Service Ltd. (TCW:TSE), 0 | CES Energy Solutions Corp (CEU:TSE), 0
- Published:
09 Feb 2016 -
Author:
Ian B. Gillies -
Pages:
21
In conjunction with the new oil price forecast released by FirstEnergy on February 8, 2016, we have updated our 2016e Canadian well count/drilling days forecast to 3,800/43,325 from 4,950/54,853. In 2017e, we are now forecasting wells/drilling days of 6,200/70,200 from 7,900/86,600. In the U.S., our 2016e rig count forecast is now 610 (prior: 763) and 2017e is 775 (prior: 1,063).