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

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Trican Well Service Ltd. (TCW.TO)

6.06

-0.21 (3.35%)

as of Aug 24, 2026, 8:00:00 pm Market Open.

202 watching

Investor Insights

Aug 24, 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) is recognized as Canada's leading pressure-pumping and fracking company, with a strategic acquisition last year that has boosted earnings and positioned it well within the Western Canadian oil sector. Experts note that the company benefits from increased oil production and the potential development of new pipelines and LNG terminals, likely leading to a constructive environment for well completions. The stock currently presents an undemanding valuation and is deemed attractive for deployment at current levels, especially given its history of share buybacks and a growing dividend yield. Nonetheless, the reviews also highlight some volatility in the services sector and the dependence on broader momentum, indicating a mixed but cautiously optimistic outlook for Trican's performance going forward.

Consensus

Positive

Valuation

Undervalued

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DON'T BUY

He has owned this in the past, but not now as spending looks to be declining in the space. Supply in the space is very high. Investors are telling producers to lower spending on growing production. It is difficult to invest in a 6-9 month time window.

BUY ON WEAKNESS

It is the largest fraker in Canada and has minimal debt. It has been an aggressive buyer of its own stock with free cash flow. Q4 should start to see a recovery. On tax loss selling it will probably be very attractive to own.

BUY ON WEAKNESS

They have been normal course issuer bids. He has a $2.25 target. Canada has a 41% decline in rig counts. You want to own this for the cycle. Wait for a pull back.

BUY

On his top picks list. Attractive long-term. He has a $2.25 target, based on $70-80 oil. Minimal debt. Q2 won't be great. By end of year, activity levels will pick up, plus more natural gas capacity and fracking. Very cheap.

SELL

Oil field services are no longer profitable, given too much capacity in the Canadian oil patch. Write this off against your capital gains.

TOP PICK

A turnaround opportunity. Trading below its liquidation value. Strong balance sheet, large upside recovery potential. No dividend. (Analysts’ price target is $2.13)

COMMENT

If there's more drilling, then this and other oil service companies will do well. Rising oil prices will help.

BUY

His dad works here. He likes it. Great balance sheet with $110 million cash.

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DON'T BUY

Sales were down 47% in the last quarter and earnings down 113%. Upcoming earnings should be better, but even if it rebounds next year, you won't break even with this stock.

HOLD

They have done a good job paying down debt. Free cash-flow is being used to buy back shares -- he likes that. He favours Canadian mid-caps or US Permian producers.

BUY ON WEAKNESS

Has done very well since last Nov-Dec. Very cheap here. Book value is $2.80. Has a $4.50 target. Balance sheet in excellent shape. On his coverage list. A go-to name. Buy on weakness. Especially in Q2 if it goes to $1.10-1.20. When the cycle turns, it will have a lot of leverage to the upside based on pricing power and utilization rate.

BUY ON WEAKNESS

It is on his action alert buy list. It has a very good balance sheet. The book value is about $2.80. Probably the largest fracker in Canada. If we see $80 oil they will be a very big beneficiary. His target is $4.50 in 12 months.

TOP PICK

It collapsed in 2015. They sold off their US division. Their balance sheet is much stronger now. They are the largest pressure pumper in Canada. You can buy it today at less than liquidation value. (Analysts’ price target is $2.04)

HOLD

It is on his action alert list. It is very cheap. They reported Q4 results. Book is $3.80. They are doing a lot of share buybacks. They are in the fracking business, which is tough and competitive. Book value is $2.80. 2020 should be much better. His target is $4.50. It is very cheap. The balance sheet is strong.

PAST TOP PICK

(A Top Pick Feb 09/18, Down 57%) He sold them out at $3.50 back in April or May last year. Oil was at $60 and cash flow was growing. He liked this pressure pumper then. But now natural gas prices have gone to zero and condensate discounts have expanded. The whole service sector was decimated.

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Trican Well Service Ltd. (TCW.TO)