Money is Moving

Sime Armoyan selling at Calfrac Well Services (T:CFW)

Updated Thursday Jan 14, 2021 03:37 AM EDT
Sime Armoyan, a 10% Holder, disposed of 769,000 Common Shares on a control or direction basis for registered holder Clarke Inc. Master Trust at a price of $4.252 on January 12th, 2021. This represents a $3,269,404 divestment of the company's shares and an account share holdings change of -5.4%.

Calfrac Well Services is in the Oil Related Services and Equipment Sub Industry Group under the Energy Sector.

Calfrac Well Services Ltd. is a provider of specialized oilfield services. The Company operates through four geographical segments: Canada, the United States, Russia and Latin America. Its services include hydraulic fracturing, coiled tubing, cementing and other well stimulation services. The Canadian segment provides fracturing and coiled tubing services to oil and natural gas exploration and production companies in Alberta, northeast British Columbia, Saskatchewan and southwest Manitoba. The United States segment provides pressure pumping services in Arkansas, Colorado, North Dakota, Pennsylvania and Texas. The Russian segment provides fracturing and coiled tubing services in Western Siberia. The Latin America segment provides pressure pumping services from operating bases in Argentina, Mexico and Colombia. In Argentina, the Company provides fracturing, cementing and coiled tubing services to oil and natural gas companies operating in the Neuquen, Las Heras and Comodoro regions. Calfrac Well Services Ltd. (CFW) has below median officer and director direct ownership compared to its small-cap peers in the market, based on our estimate using SEDI data. According to regulatory filings yesterday, one insider has divested a net amount of $3,269,404.

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