Is the Trican Well Service Dividend Safe?
Trican Well Service has been increasing the dividend for 1 years.
Over the past 10 years, Trican Well Service has increased it by an annual -6.093 %.
Over a five-year period, the distribution increased by 0%.
Analysts expect a Dividend Increase of 4.349% for the current fiscal year.
Trican Well Service Aktienanalyse
What does Trican Well Service do?
Trican Well Service Ltd is an international leading provider of drilling and completion fluids, as well as technology, services, and accessories for the oil and gas industry. The company was founded in Canada in 1979 and has since built its reputation as one of the most innovative and reliable providers in its sector through impressive expansions in North and South America, Asia, the Middle East, and Africa.
Trican Well Service is structured into three essential business segments:
- The Well Services division is the largest business segment and includes the manufacturing, mixing, and provision of drilling and completion fluids, as well as the provision of services related to fracking, cementing, and other operating processes.
- The Production Enhancement division focuses on improving production performance in oil and gas fields. Trican offers technology solutions such as formation stimulation, reduction of sand production, and improvement of flow capacity.
- The company also has an Industrial Services division that serves customers in other industries, including mining, construction, and environmental technology.
The goal behind this business model is to provide a high-quality and cost-effective service, creating value for customers and shareholders, through the combination of technological innovations and exceptional customer service.
In the Well Services segment, Trican offers a comprehensive range of fluid systems specifically tailored to each customer's needs. These systems include packaging, reaction, and mixing systems designed for use in drilling and completion processes. The fluid systems are available in various solid and liquid formulations and include chemicals that influence viscosity to achieve maximum efficiency.
The company also provides pipe closure services such as fracking, cementing, and completion work. For this, Trican has well-specific equipment and technologies to ensure well integrity and achieve optimal production performance.
In the Production Enhancement segment, Trican offers various technologies and services aimed at increasing production from existing well fields. The company has a wide range of technologies that enhance the flow profile of oil and gas, including mechanical stimulation and hydraulic fracking. These technologies improve fluid production by enhancing formation permeability, increasing flow capacity, and reducing solid material production such as sand.
Trican Well Service's products and services meet the highest quality standards, and the company places great emphasis on the protection of health, safety, and the environment. Through its innovative technologies and its ability to support customers in demanding projects, the company has established itself as a trusted partner of the oil and gas industry. Trican Well Service is one of the most popular companies on Eulerpool.com.Stock savings plans offer an attractive way for investors to build wealth over the long term. One of the main advantages is the so-called cost-average effect: by regularly investing a fixed amount in stocks or stock funds, you automatically buy more shares when prices are low, and fewer when they are high. This can lead to a more favorable average price per share over time. In addition, stock savings plans allow small investors access to expensive stocks, as they can participate with small amounts. Regular investment also promotes a disciplined investment strategy and helps to avoid emotional decisions, such as impulsive buying or selling. Furthermore, investors benefit from the potential appreciation of the stocks as well as from dividend distributions, which can be reinvested, enhancing the compounding effect and thus the growth of the invested capital.
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