Canyon Services Group (FRC.TO) Buy, Sell or…

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Canyon Services Group (FRC.TO)

0.00

-0.00 (0.00%)

38 watching

PAST TOP PICK

(A Top Pick April 20/11. Down 16.94%.) He is waiting until the summer in order to buy them again.

SELL

Flat movement, sell if it drops at $11.30, and if it gets back to $14 sell.

DON'T BUY

Further decrease in Nat Gas prices will lead to a cut in Cap X spending. It’s not nearly cheap enough for him to want to get into.

COMMENT

The whole oil/gas services space has been on a pretty good run and he thinks they are all going higher. This is probably one of the most volatile in this sector. Thinks it can easily go to $20 and could also get taken out. (See Top Picks.)

COMMENT

They are in a great space and they have a lot of running room in front of them. Could be a takeover candidate at some point. Continuing to grow their fracing services. They are a little bit vulnerable in this natural gas environment. Would expect you won't see much better than $15-$16.

TOP PICK

Best margins in the business. No debt. Will be growing its fleet of fracers by 50% in the next 4-5 months. Fundamentals for service industry is very strong in Canada. Looking for 45%-50% upside from here.

HOLD

Fracking. Petty thinly traded. Pure play Canadian fracking company. Thinks they will report a record Q4.

TOP PICK

Smaller name in the space but are dedicated all to pressure pumping. Pretty much have a brand-new fleet. Expanding the horsepower dramatically. Bearish on natural gas but the industry is moving to liquid rich natural gas plays which increases service intensity which is very good for this company. Also have a modest dividend. Worth $19.

PAST TOP PICK

(Top Pick Dec 6/10, Up 2.5%) Unbelievably cheap. There is and press about fracking. Governments on either side of border may put restrictions on what they do any time.

DON'T BUY

Prefers pressure pumpers.

COMMENT

Chart doesn't look too bad. Shows a big downturn but it has moved back up. If it can get above $11.50 it could go another couple of dollars quite easily. Use a $10.20 stop.

TOP PICK

Stock has been sold off to a stupidly low level. Trading at 3X 2012 EBITDA level. Have $45 million of cash. Looking for 40% upside. Strong demand for their services.

PAST TOP PICK

(A Top Pick Sept 8/10. Up 112.86%.) Oil field Services. Still some good growth ahead.

PAST TOP PICK

(A Top Pick Sept/10. Up 112.86%.) Oil field services. Still some good growth ahead of it. Do a lot of water pressure work in the horizontal drilling area, which is growing by leaps and bounds.

BUY

One of his bigger positions in the oil services sector. Second quarter results were light because of weather so he feels you will see a very strong second half. Unbelievable value.

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Canyon Services Group (FRC.TO)