On the news of a strong second quarter, the management teams of Calgary’s Calfrac Well Services Ltd. and CWC Energy Services Corp. separately voiced optimism for the oilfield services (OFS) sector’s ongoing recovery from the Covid-19 field activity slump.

Calfrac’s management predicted “strong utilization” of its Canadian and U.S. crews and equipment.

CWC’s management told investors, “Discussion about energy security is on the top of many governmental agendas, which should bode well for North American oil and gas activity and oilfield service companies for the foreseeable future.”

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