Trican Well Service in deep troubleCIBC analyst says cyclical downturn could be worse than 2009; RBC analyst says full impact of cutbacks in E&P spending felt in April Gary Park For Petroleum News
The greatest reverberation in Canada’s service and supply sector from the slump in oil prices has hit fracking specialist Trican Well Service as its clients have slashed capital spending, forcing the fracking company to cut 2,000 jobs — more than one-third of the payroll — and cancel dividends.
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Significant staff cuts
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