Calfrac Well Services (TSE:CFW) has released an update.
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Calfrac Well Services has reported a sequential improvement in revenue and Adjusted EBITDA for Q2 2024, with increased utilization in North America and strong financial results in Argentina, particularly in the Vaca Muerta shale play. The company is investing in Argentina to enhance its fracturing capabilities and has also improved its safety record, lowering its Total Recordable Injury Frequency. Despite some challenges in the North American market, Calfrac’s CEO remains optimistic about leveraging the company’s momentum and executing efficiently to maximize shareholder returns.
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