May 2018 Sequeira Synopsis

Sequeira Energy Synopsis – May 2018 Newsletter

Our Sequeira OFS Index was virtually unchanged month-over-month to the end of May, though was up 1.5% year-over-year. Rigs continue to be added in the Western Canadian Sedimentary Basin (WCSB) after a weaker than expected Q1 F18, which was largely attributable to colder than normal weather conditions. With spring break-up over, activity has been picking up and all indications are …

Sequeira Energy Synopsis – April 2018 Newsletter

Our Sequeira OFS Index increased 5% month-over-month to the end of April though was down 5% year-over-year. While spring break-up is in effect, Q1 2018 earnings season is getting started. Precision Drilling reported solid Q1 results on strengthening activity levels in the United States. In Canada, Precision noted that operators remain focused on capital discipline and experienced similar activity levels …

February 2018 eNews

Sequeira Energy Synopsis – February 2018 Newsletter

Our Sequeira Oilfield Service Index declined 9% month-over-month to the end of February and was down 15% year-over-year. Q4 2017 earnings for many notable Canadian oilfield service providers have now been released, including Precision Drilling which beat expectations due to strong results out of the United States. On the pressure pumping side, Trican under-performed due to a combination of extreme …