Mmawa wabwino, amayi ndi abambo. Takulandirani ku Trican Well Service Q1 2022 Earnings Results Conference Call ndi Webcast. Monga chikumbutso, kuyitana kwa msonkhano uku kujambulidwa.
Ndikufuna tsopano kupereka msonkhano kwa Bambo Brad Fedora, Purezidenti ndi CEO wa Trican Well Service Ltd.Mr.Fedora, chonde pitilizani.
zikomo kwambiri.Mmawa wabwino, amayi ndi abambo.Ndikufuna kukuthokozani chifukwa cholowa nawo ku msonkhano wa Trican.Chidule chachidule cha momwe tikufunira kuyitanitsa msonkhano.Choyamba, Chief Financial Officer wathu, Scott Matson, adzapereka chithunzithunzi cha zotsatira za quarterly, ndiyeno ndidzakambirana nkhani zokhudzana ndi zochitika zamakono komanso zomwe zikuyembekezeka.Daniel Lopushinsky adzakambirana za mafunso okhudza mafoni. gulu lathu lili nafe lero ndipo tikhalapo kuti tiyankhe mafunso aliwonse omwe angabwere.Ndipereka foniyo kwa Scott.
Zikomo, Brad.Choncho, tisanayambe, ndikufuna kukumbutsa aliyense kuti kuyitana kwa msonkhanowu kukhoza kukhala ndi ziganizo zoyang'ana kutsogolo ndi zidziwitso zina kutengera zomwe kampaniyo ikuyembekeza kapena zotsatira zake.Zinthu zina zofunika kapena malingaliro omwe adagwiritsidwa ntchito popanga ziganizo kapena kupanga ziwonetsero zikuwonetsedwa mu gawo la Forward-Looking Information la MD&A yathu kotala loyamba la 2022 zotsatira za zinthu zomwe zingayambitse ngozi komanso kusokoneza zotsatira za bizinesi. Ndemanga ndi zomwe tikuyembekezera pazachuma.Chonde onani Chidziwitso Chapachaka cha 2021 komanso gawo la Zowopsa zamabizinesi la MD&A la chaka chomwe chinatha pa Disembala 31, 2021 kuti mumve zambiri zakuopsa kwabizinesi ya Trican ndi kusatsimikizika.Zolembazi zikupezeka patsamba lathu komanso pa SEDAR.
Pakuyitanitsa uku, tidzatchula mawu angapo amakampani omwe amagwiritsidwa ntchito ndipo tidzagwiritsa ntchito njira zina zomwe sizili za GAAP zomwe ndizokwanira mu MD&A yathu yapachaka ya 2021 ndi MD&A yathu ya 2022 yofotokoza.
Chifukwa chake nditembenukira ku zotsatira zathu za kotala. Ndemanga zanga zambiri zifananizidwa ndi kotala yoyamba ya chaka chatha, ndipo ndipereka ndemanga pazotsatira zathu molingana ndi gawo lachinayi la 2021.
Gawoli linayamba pang'onopang'ono kusiyana ndi momwe timayembekezera chifukwa cha nyengo yozizira kwambiri pambuyo pa tchuthi, koma chakula pang'onopang'ono kuyambira nthawi imeneyo. Zochita mumayendedwe athu zapita patsogolo kwambiri poyerekeza ndi chaka chatha chifukwa cha kukwera kwamphamvu kwamitengo yazinthu komanso chilengedwe chamakampani olimbikitsa kumayambiriro kwa chaka. kotala la chaka chatha.
Ndalama za kotalali zinali $219 miliyoni, zomwe zikuwonjezeka ndi 48% poyerekeza ndi zotsatira za kotala yathu yoyamba ya 2021. Malinga ndi zochitika, chiwerengero chathu chonse cha ntchito chinali kukwera pafupifupi 13% chaka chonse, ndipo mphamvu zonse zomwe zimaperekedwa, mphamvu yabwino ndi ntchito, zidakwera 12% chaka chonse. Kuchuluka kwa ndalama zochepera chaka ndi chaka, tawona zochepa kwambiri pankhani ya phindu chifukwa kukwezeka kwamphamvu komanso kosalekeza kwa kukwera kwa mitengo kwatengera pafupifupi mbali zonse.
Opaleshoni za Fracking zakhala zotanganidwa motsatizana kuyambira kotala lachinayi la 2021 ndipo ndi otanganidwa kwambiri poyerekeza ndi nthawi yomweyi chaka chatha.
Ntchito zathu zikupitirizabe kuyang'ana pa mapulogalamu opangidwa ndi mapepala, omwe amathandiza kuchepetsa nthawi yopuma komanso nthawi yoyenda pakati pa ntchito ndikuthandizira kupititsa patsogolo mphamvu zathu zonse.Fracking margins anakhalabe okhazikika chaka chonse poyerekeza ndi chaka chatha, monga momwe inflation ikuyendera kuyambira kumapeto kwa chaka mpaka kotala loyamba kuthetsa zambiri za kusintha kwamitengo komwe tidapeza. ndi kulowa m’nyengo ya masika.
Masiku ophatikizika amachubu adakwera 17% motsatizana, motsogozedwa ndi mafoni athu oyamba okhala ndi makasitomala oyambira komanso kuyesetsa kwathu kukulitsa gawo ili la bizinesi.
EBITDA yosinthidwa inali $ 38.9 miliyoni, kuwongolera kwakukulu kuchokera ku $ 27.3 miliyoni yomwe tidapanga kotala loyamba la 2021. Ndinganene kuti manambala athu osinthidwa a EBITDA adaphatikizanso ndalama zokhudzana ndi kusintha kwamadzi, zomwe zidakwana $ 1.6 miliyoni mu kotala ndipo zinali munthawiyo. zomwe zidapereka $ 5.5 miliyoni kugawo loyamba la 2021.
Ndikofunikiranso kuzindikira kuti kuwerengera kwathu kosinthidwa kwa EBITDA sikukuwonjezeranso mphamvu za chipukuta misozi zomwe zaperekedwa ndi ndalama. Chifukwa chake, kuti tisiyanitse bwino ndalamazi ndikuwonetsa bwino zotsatira zathu zogwirira ntchito, tawonjezera muyeso wowonjezera womwe si wa GAAP wa Adjusted EBITDAS pazowulula zomwe tikupitiliza.
Tidazindikira chiwongola dzanja cha $3 miliyoni chokhudzana ndi chipukuta misozi chokhazikitsidwa ndi ndalama m'gawo la kotala, zomwe zikuwonetsa kukwera kofulumira kwamitengo yathu kuyambira kumapeto kwa chaka. Kusintha ndalamazi, EBITDAS ya Trican ya kotala inali $42.0 miliyoni, poyerekeza ndi $27.3 miliyoni pa nthawi yomweyi mu 2021.
Pakuphatikiza, tidapeza ndalama zokwana $13.3 miliyoni kapena $0.05 pagawo lililonse mu kotala, ndipo tili okondwanso kuwonetsa zomwe tapeza mu kotala. Metric yachiwiri yomwe tawonjezera pakuwulula kwathu ndikuyenda kwaulere kwandalama, zomwe tazifotokoza mokwanira mu MD&A yathu kotala loyamba la 2022. monga chiwongola dzanja, misonkho yandalama, chipukuta misozi chokhazikitsidwa ndi ndalama ndi ndalama zoyendetsera ntchito.Trican idapanga ndalama zaulere zokwana $30.4 miliyoni mgawoli, poyerekeza ndi pafupifupi $22 miliyoni mgawo loyamba la 2021. Kugwira ntchito mwamphamvu kunathetsedwa pang'ono ndi ndalama zoyendetsera ntchito zapamwamba mu bajeti ya kotala.
Ndalama zomwe zimagwiritsidwa ntchito mu kotalayi zidakwana $21.1 miliyoni, zomwe zidagawidwa kukhala ndalama zoyendetsera $9.2 miliyoni ndikukweza ndalama zokwana $11.9 miliyoni, makamaka pa pulogalamu yathu yokonzanso likulu lathu kuti tikweze gawo la dizilo lathu loyendetsedwa mokhazikika ndi galimoto ya Tier 4 DGB ya Pump.
Pamene tikutuluka mu kotalayi, ndalama zoyendetsera ndalama zimakhalabe bwino ndi ndalama zogwirira ntchito zopanda ndalama pafupifupi $111 miliyoni ndipo mulibe ngongole kubanki yanthawi yayitali.
Pomaliza, ponena za pulogalamu yathu ya NCIB, tidakhalabe achangu mkati mwa kotala, kugulanso ndikuletsa pafupifupi magawo 2.8 miliyoni pamtengo wapakati wa $ 3.22 pagawo lililonse. Pankhani yobwezera ndalama kwa eni ake, tikupitilizabe kuwona kugulidwanso ngati mwayi wabwino wanthawi yayitali wandalama ku gawo la likulu lathu.
OKThanks, Scott.Ndiyesa kusunga ndemanga zanga mwachidule momwe ndingathere chifukwa chiyembekezo ndi ndemanga zambiri zomwe tikambirane lero zimagwirizana kwambiri ndi foni yathu yomaliza, yomwe inali masabata angapo kapena miyezi iwiri yapitayo, ndikuganiza.
Kotero kwenikweni, palibe chomwe chasintha.Ndikuganiza - malingaliro athu pa chaka chino ndi chaka chamawa akupitirizabe kusintha.Ntchito ya kotala yoyamba inakula kwambiri pamizere yathu yonse yamalonda poyerekeza ndi kotala lachinayi chifukwa cha mitengo yamtengo wapatali.Ndikuganiza kwa nthawi yoyamba kuyambira kumapeto kwa zaka za m'ma 2000 tili ndi $ 100 mafuta ndi gasi $ 7. Zitsime zamafuta za kasitomala athu zidzalipidwa mkati mwa miyezi ingapo - kotero kuti iwo akusangalala kwambiri ndikuwona ndalama zawo. , makamaka potengera zomwe zikuchitika ku North America.
Tidagwiritsa ntchito pafupifupi zida 200 mu kotala. Chifukwa chake, zonse zomwe timaganiziridwa, ntchito zamalo opangira mafuta ndizabwino kwambiri. Ndikutanthauza kuti, tinayamba pang'onopang'ono kotala chifukwa ndikuganiza kuti aliyense adapumira pa Khrisimasi. kuyembekezera nthawi zonse.Sindikukumbukira kotala loyamba kumene tinalibe mtundu wina wa nyengo.Choncho tinaziphatikiza mu bajeti yathu, ndithudi palibe chomwe chiyenera kukhala chodabwitsa.
Chinanso, ndikuganiza, chomwe chili chosiyana nthawi ino ndikuti tili ndi zisokonezo zomwe zikuchitika m'munda wa COVID, tikhala kuti ogwira ntchito m'munda atsekedwe kwa tsiku limodzi kapena awiri, tifunika kulimbikira kuti tichotse anthu patsiku lantchito, Dikirani, koma palibe chomwe sitinakwaniritse.
Tidafika pachimake - tidapitilira - kupitilira ma rigs 200. Tidafika pachimake pa 234. Sitinapeze mtundu wa ntchito yomaliza mu mtundu wa kuwerengera kowerengera komwe mungayembekezere, ndipo zambiri zantchitoyo zidatsanuliridwa mu gawo lachiwiri. cha chaka.
Pakalipano mu gawo lachiwiri, tili ndi zida za 90, zomwe ziri bwino kwambiri kuposa 60 zomwe tinali nazo chaka chatha, ndipo tatsala pang'ono kutha.Choncho tiyenera kuyamba kuona ntchito ikuyamba kulimbikitsana mu theka lachiwiri la gawo lachiwiri.
Ambiri mwa ntchito zathu akadali ku British Columbia, Montney, Alberta ndi Deep Basin. Palibe chomwe chidzasinthe kumeneko. Monga momwe tilili ndi mafuta pa $ 105, tikuwona makampani amafuta kum'mwera chakum'mawa kwa Saskatchewan ndi dera lonse - kapena kum'mwera chakum'mawa kwa Saskatchewan ndi kum'mwera chakumadzulo kwa Saskatchewan ndi kum'mwera chakum'mawa kwa Alberta, tikuyembekezera kukhala Active.
Tsopano ndi mitengo ya gasi iyi, tikuyamba kuona mapulani a zitsime za methane za malasha akuwonekera, ndiko kuti, kukumba gasi wosazama.Ndi koyilo yochokera.Amagwiritsa ntchito nayitrogeni m'malo mwa madzi.Ndi chinthu chomwe tonse timachidziwa bwino, ndipo timaganiza kuti Trican ili ndi malire mu masewerawa.Choncho takhala tikugwira ntchito nthawi yonse yozizira, ndipo tikuyembekeza kuti tidzakhala otanganidwa kwambiri m'zaka zikubwerazi.
Tinathamanga - mkati mwa kotala, tinayendetsa antchito 6 mpaka 7, malingana ndi sabata. Magulu a simenti 18 ndi magulu a coil 7. Kotero palibe chomwe chinasintha pamenepo. Tinali ndi gulu lachisanu ndi chiwiri m'gawo loyamba. Kugwira ntchito kumakhalabe vuto. kuti tikope anthu, koma tiyenera kukhala okhoza kuwasunga.Ife tikutayabe anthu m'minda ya mafuta ndi gasi, ndipo tikuwataya ku mafakitale ena pamene malipiro awo akuwonjezeka ndipo amafunafuna bwino ntchito-moyo wabwino.Choncho tipitirizabe kuyesa kuti tipeze kulenga ndi kuthetsa mavutowa.
Koma kunena zoona, nkhani ya ntchito ndizovuta zomwe tiyenera kuthana nazo, ndipo mwina si zoipa, chifukwa zidzalepheretsa makampani oyendetsa mafuta kuti asakule mofulumira.Choncho zinthu zina ziyenera kuyang'aniridwa, koma ndikuganiza kuti tikuchita ntchito yabwino yoyesera kulingalira zinthu.
EBITDA yathu ya kotala inali yabwino.Zoonadi, takambirana kale izi.Ndikuganiza kuti tifunika kuyamba kuyankhula zambiri za ndalama zaulere komanso zochepa za EBITDA.Ubwino wa ndalama zaulere ndizomwe zimachotsa kusagwirizana konse kwa mapepala apakati pakati pa makampani ndi maadiresi kuti zina mwa zidazi zimafuna kukonzanso kwakukulu.Kaya mumasankha kugwiritsa ntchito ndalama kapena ndalama zogulira ndalama zaulere, ndikuwona kuti ndalama zonse zimatuluka mwaufulu, ndipo ndikuwona kuti ndalama zonse zimaperekedwa kwaulere. assets.Ndikuganiza kuti Scott walankhulapo.
Kotero ife tinatha kukweza mtengo.Ngati muyang'ana pa izo poyerekeza ndi chaka chapitacho, mizere yathu yosiyanasiyana ya mautumiki yakula kuchokera ku 15% kufika ku 25%, malingana ndi kasitomala ndi momwe zinthu zilili. Mwatsoka, kukula kwathu konse kwachepetsedwa ndi kutsika kwa mtengo wamtengo wapatali. ndikuganiza tsopano kuti tiyamba kuwona mitsinje ya EBITDA mkati mwa zaka za m'ma 20, zomwe ndizomwe timafunikira ngati tipeza kubweza kawiri pamalipiro omwe adayikidwapo.
Koma ndikuganiza kuti tidzafika kumeneko.Zidzangofunika - kukambirana zambiri ndi makasitomala athu.Mwachiwonekere, ndikuganiza kuti makasitomala athu akufuna kutiwona tili ndi bizinesi yokhazikika.Choncho tidzapitirizabe kuyesa kupeza phindu kwa ife, osati kungopereka kwa ogulitsa.
Tinawona zovuta za inflation mofulumira kwambiri.Mu gawo lachinayi ndi loyamba, tinatha kusunga malire athu pamene malire a ambiri adaphwanyidwa.Koma - osati chabe - tili ndi udindo wambiri ku gulu lathu lothandizira kuti tiwonetsetse kuti tili patsogolo pa izi ndipo timatha kuzifanizira nthawi yonse yachisanu.Tidzapitirizabe kugwira ntchito molimbika pa izi, ndipo sindidzadziwa kuti inflation ndi $10. Mafuta a 5, mitengo ya dizilo imakwera kwambiri, ndipo dizilo imakhudza njira yonse yoperekera.Palibe chomwe chimachotsedwa.Kaya ndi mchenga, mankhwala, trucking, chirichonse, kapena ngakhale mautumiki a chipani cha 3 pamunsi, ndikutanthauza kuti amayenera kuyendetsa galimotoyo.
Tsoka ilo, kuchuluka kwa kusintha kumeneku sikunachitikepo.Tinkayembekezera kuwona kukwera kwa mitengo, koma sitinawone - sitinawone kwenikweni - tikuyembekeza kuti sitiyamba kupeza kuwonjezeka kwa mtengo kuchokera kwa ogulitsa mlungu uliwonse.Makasitomala amakhumudwa kwambiri mukamalankhula nawo za kukwera kwamitengo kochepa pamwezi.
Koma kawirikawiri, makasitomala athu amamvetsa.Ndikutanthauza, mwachiwonekere ali mu bizinesi ya mafuta ndi gasi, akugwiritsa ntchito mtengo wapamwamba wamtengo wapatali, koma mwachibadwa, izo zimakhudza ndalama zawo zonse.Choncho iwo adatenga chiwonjezeko chamtengo wapatali kuti athetse kuwonjezereka kwa mtengo wathu ndipo tidzagwira nawo ntchito kachiwiri kuti tipeze phindu la Trican.
Ndikuganiza kuti nditembenuzira izi kwa Daniel Lopushinsky tsopano.Iye adzalankhula za maunyolo ogulitsa ndi matekinoloje ena osanjikiza a 4.
Zikomo, Brad.Choncho, kuchokera ku kawonedwe kazinthu zogulitsira, ngati Q1 itsimikizira chilichonse, ndikuti njira zogulitsira zakhala chinthu chachikulu.Kutengera momwe tikuyendetsera bizinesi yathu motsutsana ndi zomwe zikuchitika komanso kupitilira kwamitengo yamitengo yomwe Brad adatchulapo kale.
Chifukwa chake tikukhulupirira kuti tili ndi zinthu zabwino kwambiri ndipo tikulandira msika wothina kwambiri pa izi ndi momwe timayendetsera ogulitsa athu.Monga momwe tafotokozera, timakumana ndi kukwera kwa mitengo yamtengo wapatali kuposa kale lonse.Mwachiwonekere, mitengo ya dizilo, yomwe ikugwirizana mwachindunji ndi mitengo yamafuta, idakwera kumayambiriro kwa chaka, kuchulukirachulukira kuyambira Januware, February ndi Marichi.
Mwachitsanzo, ngati muyang'ana mchenga, pamene mchenga ufika pamalo, pafupifupi 70% ya mtengo wa mchenga ndi kayendedwe, kotero - ndi mtundu wanji wa dizilo, umapanga kusiyana kwakukulu kwa zinthu izi.Timapereka dizilo kwambiri kwa makasitomala athu.
Kuchokera pamawonedwe a trucking and logistics a chipani chachitatu, trucking inali yothina kwenikweni mu kotala loyamba ndi kuwonjezeka kwa mlingo wothandizira, ma padi akuluakulu, ndi ntchito zambiri ku Montney ndi Deep Basin. Chothandizira kwambiri pa izi ndi chakuti pali magalimoto ocheperapo omwe akupezeka mu beseni.
Chinanso chomwe chimapangitsa kuti zikhale zovuta kwa ife ndikuti timagwira ntchito kumadera akutali a beseni.
Ponena za mchenga.Ogulitsa mchenga woyambirira akugwira ntchito mokwanira.Kumayambiriro kwa chaka chino, njanjiyi inakumana ndi zovuta zina chifukwa cha nyengo yozizira.Choncho pamene kutentha kufika pa kutentha kwina, makampani a njanji amasiya ntchito zawo.Choncho kumayambiriro kwa February, kuchokera kumalingaliro owoneka bwino, tinawona msika pang'ono, koma tinatha kuthana ndi zovutazo.
Kukula kwakukulu komwe tawona pamchenga ndi kuchuluka kwa dizilo, koyendetsedwa ndi njanji ndi zinthu monga choncho.Chotero m'gawo loyamba, Trican idakumana ndi mchenga wa Giredi 1 pomwe 60 peresenti ya mchenga womwe tidapopa unali mchenga wa Sitandade 1.
za mankhwala.Tinakumana ndi kusokoneza kwa mankhwala, koma sizinali zomveka ku ntchito zathu.Zambiri mwa zigawo zikuluzikulu za chemistry yathu ndizochokera ku mafuta.Chotero, kupanga kwawo kumakhala kofanana ndi dizilo.Choncho pamene mtengo wa dizilo ukuwonjezeka, momwemonso mtengo wa mankhwala athu.
Mankhwala athu ambiri amachokera ku China ndi United States, kotero tikukonzekera kuthana ndi kuchedwa koyembekezeredwa ndi kuwonjezeka kwa ndalama zokhudzana ndi kutumiza, etc.Choncho, nthawi zonse timayang'ana njira zina ndi ogulitsa omwe ali opanga komanso ogwira ntchito poyang'anira ntchito zogulitsira.
Monga tafotokozera kale, ndife okondwa kwambiri kuti tinayambitsa zombo zathu zoyamba za Tier 4 DGB m'gawo loyamba.Tili okondwa kwambiri ndi momwe zimagwirira ntchito.Kugwira ntchito kumunda, makamaka kusamutsidwa kwa dizilo, kumakwaniritsa kapena kupitirira zomwe tikuyembekezera.Choncho ndi injinizi, tikuwotcha gasi wochuluka wachilengedwe ndikusintha dizilo mofulumira kwambiri.
Tidzayambitsanso zombo zachiwiri ndi zachitatu za Tier 4 m'chilimwe komanso kumapeto kwa gawo lachinayi. Malingaliro a mtengo wa chipangizochi ndi ofunika kwambiri pokhudzana ndi kupulumutsa mafuta ndi kuchepetsa mpweya. Ndikutanthauza kuti pamapeto pake, tikufuna kulipidwa.
Injini Yatsopano ya Tier 4. Iwo amawotcha gasi lachilengedwe kuposa dizilo.Choncho, phindu lachilengedwe ku chilengedwe likuwonekeranso pamtengo wa gasi wachilengedwe, womwe ndi wotsika mtengo kuposa dizilo.Tekinolojeyi ingakhale yovomerezeka kwa zaka zikubwerazi - osachepera Trican.Tili okondwa kwambiri ndi izi ndipo timanyadira kukhala kampani yoyamba ya Canada kuyambitsa ntchitoyi ku Canada.
inde.Ndizo basi - kotero kuti chaka chonsecho, timayang'ana - ndife otsimikiza kwambiri.Tikukhulupirira kuti bajeti idzawonjezeka pang'onopang'ono pamene mitengo yamtengo wapatali ikukwera.Ngati tingathe kuchita izi pamtengo wokongola, tidzagwiritsa ntchito mwayiwu kuyika zipangizo zambiri pamunda.Timayang'ana kwambiri kubweza ndalama zomwe zaperekedwa ndi ndalama zaulere.Choncho tipitiriza kukulitsa izi momwe tingathere.
Koma tikupeza kuti kusweka kukukhalabe kutha kwapang'onopang'ono tsopano pamene anthu akuyesera kulinganiza ntchito zawo chaka chonse ndikugwiritsa ntchito nyengo yotentha ngati madzi otentha ndi minda yamafuta ochepa.
beseni likadali lolunjika pa gasi, koma tikuwona ntchito zambiri za mafuta pamene mitengo yathu ya mafuta imakhalabe pamwamba pa $ 100 mbiya.