CALFRAC WELL SERVICES (CFW) Stocks
ABOUT CALFRAC WELL SERVICES
Calfrac Well Services Ltd. is an API Q2 certified oilfield services company operating in Western Canada, Colorado, North Dakota, Arkansas, Pennsylvania, New Mexico, Western Siberia, Argentina and Texas. Based on horsepower, Calfrac is one of the largest hydraulic fracturing companies in the world. It headquarters in Calgary, Alberta.
Ronald P. Mathison, Douglas Ramsay, Gordon Dibb and Robbie Roberts founded Calfrac Well Services Ltd. in June 1999. At that time, Calfrac had a single coiled tubing unit and headquartered in Medicine Hat, Alberta.
In 2000, Calfrac bought Dynafrac Well Services Ltd. and with it a two-pumper fracturing spread, a shallow coiled tubing unit, a high rate nitrogen pumper and four acid pumpers. By the spring of 2001, Calfrac had bought and constructed seven fracturing spreads plus other well stimulation equipment.
In 2002, Calfrac expanded to the U.S. Rocky Mountain region. In 2005, it entered Russia to provide coiled tubing services. It entered the Latin America market in 2007.
In 2012, the company completes the first horizontal multi-stage hydraulic fracturing job in Mexico and then in Russia. In 2013, the company’ fleet reaches 1 million horsepower.
In 2019, the Smithfield, Pennsylvania location certifies under API Q2.
OVERVIEW OF CALFRAC WELL SERVICES
Calfrac Well Services Ltd. is a provider of specialized oilfield services. The company operates through four geographical division: Canada, United States, Russia and Latin America. Its services include hydraulic fracturing, coiled tubing, cementing and other well stimulation services.
The Canadian division provides fracturing and coiled tubing services to oil and natural gas exploration and production companies in Alberta, Saskatchewan, northeast British Columbia and southwest Manitoba. The United States division provides pressure-pumping services in Arkansas, North Dakota, Colorado, Pennsylvania and Texas.
The Russian division provides fracturing and coiled tubing services in Western Siberia. The Latin America division provides pressure-pumping services from operating bases in Argentina and Mexico.
In Argentina, the company provides fracturing, cementing and coiled tubing services to oil and natural gas companies operating in the Neuquen, Las Heras and Comodoro regions.
VISION & VALUES OF CALFRAC WELL SERVICES
Calfrac Well Services Ltd. is a key energy services provider and has a reputation for high quality, safe operations and flawless execution. Among its customer base are many of the most active exploration and production companies in the countries where it operates.
The company forms an integral part of the communities where it operates and it supports a variety of activities throughout the year. It support the following categories: environment, education, aboriginal, social services, arts and culture and community sport.
Its goal is zero harm to people, property and the environment. Shareholders who purchase company shares can rest assured of superior value.
MARKET PERFORMANCE OF CALFRAC WELL SERVICES
Calfrac Well Services Ltd. trades on Toronto Stock Securities Exchange (TSX) and lists under the stock symbol CSW. The company forms part of the TSX 500.
During the nine months up to September 30, 2019, the company reports generated revenue of US Dollar 1.3 billion, a decrease of 26 %. Adjusted EBITDA of US Dollar 132.2 million versus US Dollar 266.5 million in the comparable period in 2018.
A net loss attributable to shareholders of Calfrac of US Dollar 106.8 million or US Dollar 0.74 per share diluted compared to a net loss of US Dollar 14.7 million or US Dollar 0.10 per share diluted in 2018.
Buy CALFRAC WELL SERVICES stocks / shares – A Step by Step Guide how to Buy / Purchase CALFRAC WELL SERVICES Stocks or Shares online.
Before buying any stock or share one has to consider a few factors.
STEP 1: PROPER RESEARCH IS ESSENTIAL
Upon deciding you want to buy CALFRAC WELL SERVICES Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.
Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.
STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN CALFRAC WELL SERVICES STOCKS / SHARES
It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.
STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE
Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.
STEP 4: OPEN A BROKERAGE ACCOUNT
A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.
STEP 5: COMMIT AND PURCHASE CALFRAC WELL SERVICES STOCKS / SHARES
Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out. Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of CALFRAC WELL SERVICES stocks / shares.
5 Questions to ask yourself before purchasing any stocks or shares.
- Is it the best time to buy this stock / share?
- Should I buy CALFRAC WELL SERVICES stocks / shares in the current economic climate?
- Can I afford to buy this stock / share?
- What is the forecast of the stock / share growth?
- What is the current price per earning ration on the stock / share?