Calfrac Talks About Marcellus & Its Importance for the Company

Across the United States and indeed around the world, when it comes time to do the actual fracking of a shale well (which is a very small part of drilling a well), there are only a handful of companies that get contracted to do the work. One of those companies is Calfrac Well Services. The company’s bigwigs held an analyst phone call yesterday (most public companies do the same) to discuss fourth quarter and fiscal year 2013 results. These calls are typically done to impress and reassure investors that their money is well-invested in the company–and perhaps attract new investment. The quarterly analyst phone call dance is something they all do–a part of capitalism, the best economic system ever devised by man.

MDN sometimes brings you excerpts from these phone calls, as we are today, because we find interesting tidbits. From Calfrac, we bring you the prepared comments portion of the call that happens at the beginning. Why? Because Calfrac’s top management mentions the Marcellus Shale play–and it’s importance to Calfrac–a number of times…

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