TSE:TCW

Trican Well Service Ltd. (TCW.TO)

7.82
+0.03 (0.32%)
as of Jun 4, 2026, 7:15:10 pm Market Open.
204 watching
0
Investor Insights
star iconJun 4, 2026, 12:00 am

This summary was created by AI, based on 7 opinions in the last 12 months.

Trican Well Service Ltd. (TCW-T) has garnered positive attention from various experts in the energy services sector. Analysts highlight the company's strong market position as Canada's largest pressure-pumping and fracking company, particularly in the Montney and Duvernay Basins. The firm's recent acquisition has been viewed as synergistic and strategically significant, with expectations for increased activity in the Western Canada Sedimentary Basin, driven by new LNG terminal developments. Despite the company's performance being marked by volatility, its modernized equipment, stock buybacks, and reinstated dividends suggest a constructive outlook. However, the energy services sector remains challenging, with potential pressures on margins due to competitive pricing strategies in cyclical downturns. Overall, the sentiment is optimistic regarding the company's growth potential and financial performance.

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Consensus
Positive
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Valuation
Undervalued
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COMMENT
Drillers are under pressure. PEs are down to single digits for both this year and next. Gas sector is creating problems. Have increased its dividend. Cutting back on their CapX in the US because of competition. As long as you believe the fracing story, this and Calfrac Well Services (CFW-T) are the 2 best in the business.
BUY
From a fundamental point of view this is a space he likes. It is also in its seasonal period right now. There is support at around $14 level and is a bit of resistance at around $18.75. The down trend has been broken. If it gets through $20, it will probably have clear sailing to about $28.
HOLD
Sector got frightened by the massive drop in natural gas and then there was the announcement by companies that they were going to reduce production. Chart is now showing a higher low. You should be okay with this.
HOLD
Hold off on this one right now. A consolidation at about $16.50 level. If you hold there you will o well, but if it drops to $15 there is not a lot of support and you have to exit. Probably a dollar rally in the next few months, so you probably have to exit these stocks.
TOP PICK
Suffering from weak nat gas. Thinks it should not affect it. Canadian margins are remaining strong. An absolute essential service. This stocks hold, at some time, should trade at 5 times current multiple.
BUY
(Market Call Minute.) Service companies look very cheap but have not acted particularly well. Trades at under 10X earnings.
DON'T BUY
Fundamentally, it looks great. Getting very close to selling his holdings because he doesn't see a continuation of an upward trend on the charts. $20 is going to be a big resistance level for this one. If it dropped to $17.50 he would get out of it completely.
TOP PICK
Tremendous amount of confusion and misinformation on spending for 2012. Also concern about margin erosion in the US. Even in the worst case scenario the stock is more than discounting this. Trades at 3.5X enterprise value to cash flow while its historical range is 5 to 10. Have visibility almost out to the end of 2012.
COMMENT
Surprising it has not been a good performing stock considering the business they are in. Gaining popularity in shale gas. Would think it would look a lot better. Will look at it when it has proven itself.
HOLD
This is a good one, but he has some wellness services he favours more. It's never the same day to day but currently is favourite is Total Energy Services (TOT-T). As long as oil is $80 or above, well services companies are good.
TOP PICK
This is a play on increased horizontal drilling. Horizontal drilling has increased from about 50% a few years ago to about 75% now. Well contracted through 2013.
PAST TOP PICK
(A Top Pick March 14/11. Up 12.58%.)
TOP PICK
He is looking for a way to participate in the energy sector with companies that have not yet moved. This is a company that provides equipment to drilling companies. Looks good technically. No exposure to the North Africa. Because of the difficulties in Japan, there may be less Nuclear going on.
HOLD
Oil/gas service. Expect there will be fantastic Q4 earnings for all the companies in this space. Can go higher. Prefers Phoenix (PHX-T) because he wants higher return on capital businesses.
BUY
Service sector has been a phenomenal place to be and this is a way to play it. Expect a rally will continue until mid to late February but could pull back at that point. A re-entry could be made in the June-July time period.
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