Shawcor Ltd. (A) (SCL.TO) Buy, Sell or Hold

Shawcor Ltd. (A) (SCL.TO)

16.57

+0.17 (1.04%)

as of Jun 6, 2023, 8:00:00 pm Market Open.

70 watching

TOP PICK

The leader in the pipe coating services with about 25%-30% global share. Recently had some contract wins which will boost their backlog quite a bit and increase their earnings visibility going forward.

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BUY

Likes it. Have one a whole much of contracts. Coat pipelines.

TOP PICK

Global company that coats outside and inside of pipes and this is where the growth is. Just got a $200 million order in Australia and are bidding on another one in Australia which is twice that size.

BUY

Beneficiary of keystone pipeline. Conditions have never been better for them.

PAST TOP PICK

(A Top Pick Aug 4/10. Down 13.17%.)

PAST TOP PICK

(Top Pick Oct 25/10, Down 22.30%) Remains positive on this one. Some projects have been delayed. Just released that they won a big project. More announcements expected by end of year.

COMMENT

Stock has been very oversold. 200 day moving average is around $32. There is a chance we will have a recovery rally. The biggest problem is that the stock has broken a major trend line. If you own, use major stop losses.

TOP PICK

(A Top Pick Sept 27/10. Down 7.82%.)

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DON'T BUY

This company makes perfect sense because all the pipelines globally are failing. This company makes the pipe coatings. Great business but oil companies and governments don't want to spend the money. Extremely cyclical and dependent on infrastructure spending.

BUY

His model price is $37.54, a 23% upside. Looks pretty good here.

BUY

Coats pipelines. Great run up to the $36-$37 level but now pulled back with crude oil prices. Backlog has not grown as strongly as market had anticipated. Have about $1.5 billion in bids. Into larger projects now and have taken large LNG projects off of Australia. Recent pullback is a good opportunity.

TOP PICK

Pipeline service company. Coat large diameter pipe to prevent erosion. Biggest company in this business globally. Bidding on about 1.5 million contracts in mid-east, Europe and Asia. Also, currently working on a big Brazilian project.

TOP PICK

Had a great run but has pulled back more recently. About a 30% share in coatings for pipelines, which is a growing industry. Well positioned.

PAST TOP PICK

(Top Pick Aug 4/10, Up 25.32%) A well-run company. Best balance sheet in the sector. Difficult business. Family run, consolidating in the industry.

BUY

Well-managed company- long-term supporters. Put coating on inside or outside of piping and get high margins outside of Canada – deep water. Great technology. Low dividend but good grower (26% annually over last 5 years) of dividend and special dividends.

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Shawcor Ltd. (A) (SCL.TO)