Robert Cox - Trican Well Senior Vice President - Operations

TCW Stock  CAD 4.84  0.13  2.62%   

President

Mr. Robert J. Cox is Senior Vice President Operations of Trican Well Service Ltd. He joined Trican in April 2000 and was appointed to the position of Senior Vice President, Operations on June 2, 2017. Prior to this, he served as Vice President, Canadian Geographic Region between November 2008 and June 1, 2017. since 2017.
Tenure 7 years
Address 645 ? 7th Avenue SW, Calgary, AB, Canada, T2P 4G8
Phone403 266 0202
Webhttps://tricanwellservice.com

Trican Well Management Efficiency

The company has return on total asset (ROA) of 0.1388 % which means that it generated a profit of $0.1388 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.2229 %, meaning that it generated $0.2229 on every $100 dollars invested by stockholders. Trican Well's management efficiency ratios could be used to measure how well Trican Well manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Trican Well's Return On Tangible Assets are very stable compared to the past year. As of the 26th of November 2024, Return On Assets is likely to grow to 0.18, while Return On Capital Employed is likely to drop 0.14. At this time, Trican Well's Total Assets are very stable compared to the past year. As of the 26th of November 2024, Non Current Assets Total is likely to grow to about 659.1 M, while Other Current Assets are likely to drop about 5.9 M.
Trican Well Service has accumulated 18.14 M in total debt with debt to equity ratio (D/E) of 0.03, which may suggest the company is not taking enough advantage from borrowing. Trican Well Service has a current ratio of 3.17, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Trican Well until it has trouble settling it off, either with new capital or with free cash flow. So, Trican Well's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Trican Well Service sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Trican to invest in growth at high rates of return. When we think about Trican Well's use of debt, we should always consider it together with cash and equity.

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Trican Well Service Ltd., an equipment services company, provides various specialized products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells primarily in Canada. Trican Well Service Ltd. was founded in 1979 and is headquartered in Calgary, Canada. TRICAN WELL operates under Oil Gas Equipment Services classification in Canada and is traded on Toronto Stock Exchange. It employs 1447 people. Trican Well Service (TCW) is traded on Toronto Exchange in Canada and employs 1,195 people. Trican Well is listed under Oil & Gas Equipment & Services category by Fama And French industry classification.

Management Performance

Trican Well Service Leadership Team

Elected by the shareholders, the Trican Well's board of directors comprises two types of representatives: Trican Well inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Trican. The board's role is to monitor Trican Well's management team and ensure that shareholders' interests are well served. Trican Well's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Trican Well's outside directors are responsible for providing unbiased perspectives on the board's policies.
Kathleen McCrum, Vice Resources
Chika Onwuekwe, Vice President - Legal, General Counsel and Corporate Secretary
Bradley Fedora, Independent Chairman of the Board
G Brooks, Lead Independent Director
Dale Dusterhoft, President, Chief Executive Officer, Director
Todd CET, Chief Officer
Deborah Stein, Independent Director
Robert Skilnick, Chief Financial Officer
David Westlund, Vice President of Sales and Marketing
Michael Rapps, Independent Director
Scott Matson, Chief Officer
Bradley MBA, CEO President
Michael Baldwin, Senior Vice President - Corporate Development
Brian Lane, Vice Marketing
Robert Cox, Senior Vice President - Operations
Dawn Sweany, VP HR
Kevin Nugent, Independent Director

Trican Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Trican Well a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Trican Well

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Trican Well position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Trican Well will appreciate offsetting losses from the drop in the long position's value.

Moving against Trican Stock

  0.43ENS E Split CorpPairCorr
  0.36ENB-PFV Enbridge Pref 5PairCorr
The ability to find closely correlated positions to Trican Well could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Trican Well when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Trican Well - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Trican Well Service to buy it.
The correlation of Trican Well is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Trican Well moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Trican Well Service moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Trican Well can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Trican Stock

Trican Well financial ratios help investors to determine whether Trican Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Trican with respect to the benefits of owning Trican Well security.