TSE:CFW

Calfrac Well Services Ltd (CFW.TO)

6.06
-0.67 (9.96%)
as of Jun 5, 2026, 8:00:00 pm Market Open.
46 watching
0
DON'T BUY
Does fracking treatment for mainly gas wells. Specializes in shallower wells. Thinks it will continue to be soft. Well-managed company. Has reduced his holdings. Because of the decreased need in their services, their cash flows will be less.
WAIT
With gas plummeting from $15 to under $5, shallow gas drilling has been chopped by a third in western Canada. If he sees a pickup in demand, he will consider it again.
COMMENT
Oil drillers are double beta in that they moved twice as much, up or down, as the oil price. Drilling has dropped off in the last while.
DON'T BUY
Trapped with a declining earnings environment for 2007. There is a potential for it to go lower should some of the oil/gas companies cut back their cap-X even further. Cautious on this sector.
DON'T BUY
There’s no technical sign of a bottom. Nothing here to get him excited.
BUY
Every time there is a cyclical downturn in natural gas, investors think there will be no more drilling. There will be, and they're giving stocks away. This includes all the drillers such as Ensign (ESI-T), Precision Drilling (PD.UN-T) and Calfrac Well Services (CFW-T).
DON'T BUY
Very specialized in very good company. His big problem with this company is their fascination with Russia. Can see how they will make any money over there. There is a real slowdown in the service industry.
BUY
Provides fracking services, mostly to shallow gas wells. Business has dropped off dramatically as producers have been switching to oil development. If you think that gas prices are going to spike back up (he does) this would be a good purchase. Represents a higher risk.
BUY
Big demand for their services in Russia, but unfortunately they don't seem to be making any money there. Good management.
HOLD
Have gone through a summer decline, partly because of gas price. Prices improve in the winter months.
BUY
This has been a terrible stock in that it has under performed, but a pretty good company. This is a bargain for the more risk oriented investor.
BUY
Has suffered because it is mainly a fracturing company in shallow gas wells, either coal bed methane or other shallow plays. When gas gets expensive again, this will be one of the more volatile on the upside.
PAST TOP PICK
(A Top Pick July 27/05. Down 27.7%.) Some of its operations are in a high cost environment and with low gas prices companies have been curtailing their operations in that area. Still likes, but prefers Trican Well Service (TCW-T).
BUY
Had some disappointing numbers come out and the stock came off fairly smartly. It's probably hitting bottom. Part of the problem is that on the Russian side, they have been getting lots of business but not making any money at it. The U. S. side has turned around. Likes their product and what they do.
PAST TOP PICK
(A Top Pick Apr 13/06. Down 20%.) With more $’s being pushed out of gas exploration and into oil exploration, they probably won’t have the demand for work.
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