RY 174.39 2.4016% SHOP 149.115 2.5974% TD-PFM 24.63 -0.0811% TD-PFL 24.7 0.2028% TD 78.325 0.1214% ENB 60.6 1.3039% BN 80.4 1.9787% TRI 226.27 0.7525% CNQ 48.285 2.2771% CP 104.53 1.6038% CNR 151.74 1.5459% BMO 132.69 0.9203% BNS 78.845 0.1715% CSU 4600.2002 2.157% CM 91.15 0.474% MFC 45.79 1.6878% ATD 78.38 1.5285% NGT 60.14 0.0499% TRP 70.15 1.977% SU 57.44 0.5954%
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Calfrac Well Services (TSX: CFW) expects to trim debt by CAD 80mn by the end of 2023
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Highlights
One of the largest hydraulic fracturing companies, Calfrac Well Services Ltd (TSX: CFW) offers specialized oilfield services, such as coiled tubing, hydraulic fracturing, cementing, and other well completion services to the oil and natural gas industries in Canada, Russia, the United States, and Argentina.
The firm is looking forward to becoming a next-generation pressure pumping company. It has deployed more Tier IV dynamic gas blending (DGB) fracturing pumps, leading to increased cash flows. The company will deploy 50 more improved Tier IV DGB units by the end of Q4 2024.
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