Trinidad Drilling Ltd (TDG.TO) Buy, Sell or…

Trinidad Drilling Ltd (TDG.TO)

1.68

+0.01 (0.30%)

as of Jun 29, 2019, 11:27:09 am Market Open.

51 watching

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.

BUY

Seasonally, this is a good time to enter drilling and oil service stocks. You exit late Q1 or early Q2. Valuation is pretty well in line but debt is higher than normal. Pays a pretty good distribution.

BUY ON WEAKNESS

Pretty descent move off the bottom. When you talk to drilling companies they have never seen conditions better. He is not adding here but holds a descent position.

BUY

North American drillers? He would suggest 2. Precision Drilling (PD-T) and Trinidad (TDG-T). Both have moved a significant number of ratings down into the US in the last 2 years. This one is a little more highly levered so has been hurt more but has more potential upside when things start moving again.

PAST TOP PICK

(A Top Pick July 27/10. Up 89.26%.)

DON'T BUY

Looks there is some resistance at the last low before the high. They’ve performed very well. Have both a domestic and international operation. He is not as positive on oil as he is on some of the other commodities. Fairly valued.

BUY ON WEAKNESS

All the drillers have done very well. Part of it is the horizontal drilling in the Bakken, Monte, Cardium or Encana plays. Lots of activity going on internationally too. Service industries are ones you want to own in your portfolio. Very well run company.

BUY ON WEAKNESS

Oil and gas companies have done very well over the last year. Have recently pulled back. This one is the biggy in the group and has rolled over. PE is 17 times against this years earnings. Thinks there is a pretty good opportunity for the next couple of years.

COMMENT

Caller Buys options about $1 out about 2 months out and been getting 5 baggers. Comments? Derek is always a seller of options because most options expire worthless. This is a good example of how successful Buying them can be if you get it right. If it goes wrong though you can lose a lot so keep your bets small.

HOLD

High beta oil stock. Descent yield of about 3%. Did refinancing recently. Great drillers. Seen other cut back on drilling because costs are getting out of control.

BUY

Relatively high level of debt has put them in the penalty box. Thinks their growth will come from day rate. Well positioned going into 2011. Have a good fleet and are able to deep drilling, which is where the world is going.

TOP PICK

They are quite technologically advanced. Their focus is on deep drilling. This allows them to have large customers with deep pockets and longer-term contracts. Cash flows that they will generate are easier to see. They are land based so the Gulf doesn’t affect them.

BUY

The risk now is pretty minimal.

HOLD

(Market Call Minute.) Has improved over time and he is inching toward a Buy but currently a Hold.

DON'T BUY

Need to recovery in gas markets. Until gas gets up in the $6-$7 range, there won't be a big influx of drilling.

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Trinidad Drilling Ltd (TDG.TO)