A slip spool includes radially disposed actuators for radially moving slip blocks between a loose encirclement position in which they surround the tubing string and a cached position in which the slip blocks clear an axial passage of the slip spool. The slip spool further includes axially disposed actuators for axially displacing the slip blocks between the loose encirclement position and an engagement position in which the slip blocks are seated within a slip bowl of the slip spool so that a weight of the suspended tubing string causes the slip blocks to tightly grip the tubing string. The slip spool facilitates positioning and repositioning of the tubing string in the wellbore and can be used for supporting or snubbing a tubing string in a live well bore.