Trican Well Service Ltd. (TCW.TO) Buy, Sell…

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Daily Stock Opinions and Ratings

Trican Well Service Ltd. (TCW.TO)

6.32

+0.04 (0.64%)

as of Sep 11, 2026, 8:00:00 pm Market Open.

203 watching

HOLD

Very strong company and he thinks there will be improvements in the sector.

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DON'T BUY

A little bit of difficulty about the performance in the oil/gas services companies, on account of all the other factors such as pricing differentials, natural gas prices, etc. He would like to see other things happening overall in the oil/gas sector that would drive companies like this. Doesn’t bode well in the near-term.

PAST TOP PICK

(Top Pick Oct 07/11, Down 27.05%) Lower drilling activities and a lot of horse power was built over the last little while. No one needs exposure to this space currently.

PAST TOP PICK

(Top Pick Nov 30/11, Down 33.54%) This was contingent on a strong natural gas pricing. He is now cautious on the fracking space.

COMMENT

Probably a takeout candidate. Seasonably, you get low drilling in the winter and in the spring breakup, it goes up. Good earnings would move the stock because it is cheap.

BUY

(Market Call Minute.) Dirt cheap. Clearly you might have to wait a little bit before we get out of this shoulder period from gas but he does like the name.

BUY

(Market Call Minute.) Fracing companies are extremely cheap right now. Great value. (See Top Picks.)

BUY

(Market Call Minute) Come off quite a bit given challenges to services companies.

HOLD

Fracking side. Problem is that if utilization rate comes down with the cost structure it is not a good business. For the next number of months we are in a difficult period. If you are in it, stay with it. Great balance sheet. Hold off buying until in the tax loss window.

DON'T BUY

There is lots of natural gas around and is causing some difficulty. Chart shows it is still in a downward trend. Trying to form a bit of a base. Energy stocks are probably not the best place to be.

BUY

In the well services, this is a great company. They are all looking pretty bombed out relative to where oil and gas prices are. Oil/gas services offer a lot of value. He once companies that are very profitable at the trough of the cycle. This is a good name if oil prices bounce back after this whole European issue blows over. He prefers Total Energy Services (TOT-T).

DON'T BUY

Biggest issue with all fracers has been the concerns and, justifiably now, with US margin erosion where there has been a huge reduction in rig count in dry natural gas plays. There is a cost to these companies where there has been a lag effect where how they can pass that on to the producers. There has been a huge reduction in US margins. If it got down to $10, the risk/reward would be very compelling.

BUY ON WEAKNESS

Fantastic Canadian company in terms of groundbreaking, global technology. This is part of the problem of all the gas we have. As always found it a lot more cyclical than what it should be. Incredibly cheap at 4 or 5 times cash flow. He is very close to buying at but it is right in the middle of the US market saying “we're not drilling any more gas wells”.

BUY ON WEAKNESS

(Market Call Minute.) Likes the name longer-term. Great company but natural gas is a big part of their business.

BUY

Interesting wave of drillers starting to establish or raise dividends. They have been range-bound and one of the problems is the gas exposure. With growth in fracking, then you can actually see substantial growth as long as it doesn’t get ruled environmentally unfriendly, since they are good at it. As long as oil stays over $100 the oil services companies will benefit and it will eventually be reflected in the stock price.

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Trican Well Service Ltd. (TCW.TO)