NCS Multistage Holdings Inc Q3 2023 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: John Daniel - Daniel Energy Partners - Analyst : Thank you. Hey, Ryan, good morning.

Question: John Daniel - Daniel Energy Partners - Analyst : So I'm going to ask a little bit of a rookie question here. But the thing that really intrigued me was your commentary on the product development for deepwater. Could you just take a step back and tell us the evolution of how you got into deepwater? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. OCTOBER 31, 2023 / 12:30PM, NCSM.OQ - Q3 2023 NCS Multistage Holdings Inc Earnings Call So maybe you might not want to quantify, but I'm trying -- like what it represents today and what this -- the new technology could mean call it three to five years from now, if we find ourselves in the long duration cycle, which a lot of talking heads are prophesying right now?

Question: John Daniel - Daniel Energy Partners - Analyst : Fair enough. But assuming that does materialize over time, is it safe to assume that -- like a new technology like this, if adopted and has some scale with you, is a margin enhancing product relative to the core offering or no?

Question: John Daniel - Daniel Energy Partners - Analyst : Okay, all right. That's all I got. Sounds very interesting. Thank you for including me.

Question: John Daniel - Daniel Energy Partners - Analyst : That's incredibly helpful. Thank you. And one more, if I could. You continue to get gain traction in the Middle East. You continue to get a foothold there. Can you talk about the bidding environment there, may be in comparison to the Canadian market where you're one of the top players already?

Question: John Daniel - Daniel Energy Partners - Analyst : That's very helpful. Thank you for taking my questions and good luck in the fourth quarter.