Trinidad Energy Services (TDG.UN.TO) Buy,…

Trinidad Energy Services (TDG.UN.TO)

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WEAK BUY

This is one of the newer rig fleets, so he thinks it is quite attractive. Also, they are more of a drilling company, as opposed to a fracing company. A global company with rigs in Australia as well as Canada and the US. He would classify this as a cautious Buy. Historically between now and the end of March is a good time to be in these.

PAST TOP PICK

(Top Pick May 08/09, 25.5% capital gain) Trinidad Energy 7.75% 07/31/2012. They were a busted income trust.

HOLD

One of the best operators of the types of rigs needed to drill tight gas wells. These are high-cost wells so you need the best operators to keep costs down. Have been expanding in the US and building capacity so it is a bit of a growth story. Converting to a corporation has shaken some holders, so would Hold for 2 years until this was over.

RISKY

Has been in a downtrend and is hoping that a bit of a bottom is forming. If you buy, have a stoploss at its last low. Very good one for short-term speculation.

DON'T BUY

(Caller's comments; Going back to a corporation. Will be paying a 6% dividend and moving a lot of their operations to the US.) One of the first test cases of conversion from a trust. Drilling in Canada is really a problem right now. When gas prices come down, drilling contractors get laid off. US is a highly competitive market and while they may have better rigs, results of a move there is yet to be seen. A good name, but wouldn't be backing up the truck.

SELL

Expect it will still drop some more. Fortunately they are outside of Canada.

COMMENT

Recently converted to a common stock structure, so reduced their payout significantly for 2008. Have moved a significant amount of their business outside of Canada. Sees drilling rigs and economics much more favourable in the US than it is here. All the drilling/oil services are currently in a bit of a head wind.

HOLD

Converting back to a corporation. What was surprising was that they had cut the distribution dramatically. If you are willing to take a 2 to 3 year view on a bet that the drilling cycle will pick up, treated as a Hold.

DON'T BUY

Just announced they are going to convert back from a trust to a corporation and they have cut their distributions. Well-run company and has grown significantly through acquisitions but the balance sheet is not that strong.

BUY

Likes this one. Has gotten pretty badly beaten up. They have a good size fleet with good up-to-date rigs. Has recently bought some shares.

PARTIAL BUY

Drillers are definitely the names you want to get into early on in the up cycle. Have about 110 rigs and 4 barge rigs. Their US exposure will definitely give them higher revenue than their competitors. They stock price is not reflecting this.

HOLD

This trust has a very great story behind it, which a lot of institutions liked. However, the trend line was broken in June and the stock is now in decline. Part of this may be due to talk that they may un-trust. Feels it is into very deep support, so if you have it, he would continue to hold.

TRADE

Has been under pressure. Whole sector has been depressed.

DON'T BUY

One of the most active acquirers of other drillers/service companies in the oil patch. Have done a tremendous job in the US. Going forward, because of natural gas prices, it is going to have some tough quarters ahead of it. Good management.

BUY

At its present price, he is going to consider looking at this one again. Fairly well run.

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Trinidad Energy Services (TDG.UN.TO) Frequently Asked Questions

What is Trinidad Energy Services stock symbol?

Trinidad Energy Services is a OTC stock, trading under the symbol TDG.UN.TO (previously TDG.UN-T on Stockchase) on the undefined (undefined). It is usually referred to as or TDG.UN.TO

Is Trinidad Energy Services a buy or a sell?

In the last year, no analyst issued a Buy, Sell, or Hold rating on TDG.UN.TO (previously TDG.UN-T on Stockchase) on Stockchase. Read the latest expert commentary for Trinidad Energy Services.

Is Trinidad Energy Services a good investment or a top pick?

Trinidad Energy Services was recommended as a Top Pick by Michael Sprung on 2007-08-31. Read the latest stock experts ratings for Trinidad Energy Services.

Why is Trinidad Energy Services stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Trinidad Energy Services.

Is Trinidad Energy Services worth watching?

Trinidad Energy Services is covered by Stockchase experts and is worth watching.

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Trinidad Energy Services (TDG.UN.TO)