Daily Stock Opinions and Ratings

Opinions

Glenn MacNeill, P.Eng. Wellco Energy Services WLL.UN-T BUY Jul 08, 2005

An oil well servicing company. Hasn't come back fully with the increase in oil prices. Has good room to run. Cash flows are expected to stay relatively strong in this sector.

Glenn MacNeill, P.Eng.

Unknown

Unlock Rating

$10.180

Stock price when the opinion was issued

oil gas field services

It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.

Get Signals Create your Watchlist

You might be interested:

TOP PICK

One of the cheapest stocks in the oil/gas services sector. Made about $0.90 of earnings last year. Distribution is around $1.02.

BUY

Made $.90 of earnings last year and expects $1.25 this year. 9% distribution which is very nice. The whole sector is doing well. Cheaper than the average.

BUY

Has a relatively low payout ratio. In an industry that is doing extremely well. Has a certain amount of volatility.

BUY

Earnings year-to-date are around $.57 a share. Usually 2nd half is better than the first. Expect they will make $1.30/1.50 earnings this year. Reasonably small company and still growing. Potential risk for all resource stocks is if the US goes into a very hard recession. Cheap at 7/8 X earnings.

BUY

An oil/gas service company. Hasn't done much recently because the price of natural gas has been weak. Trades and around 6.5 X earnings and yields around 10%. The price of gas has to go back to a 7 to 1 ratio to the price of oil, which would mean $10/11 at today's oil prices. Cheap.

COMMENT

An energy services company. All of these stocks have had a major correction in the last few months because of high inventories in natural gas. For it to recover requires the storage levels to come back to normal.

HOLD

This was hit by the government announcement on trusts as well as weaker gas prices. The price of gas will come back to normal levels, but he doesn't know how long this will take. It may take three more quarters to improve.

HOLD

Solidly managed and the distribution is reasonably safe. A little concerned that there is going to be a slowdown in the oil patch. Could have some trouble growing, but the recent quarter looked very good.

COMMENT

14% yield. Not particularly exciting and would rather own Vermilion (VET.UN-T). Will probably get taken out eventually.

DON'T BUY

11.2% return, but could come under pressure. Could be 2 years before drilling returns to where it was last year. The silver lining is that there are a lot of takeovers of trusts by private equity, which could give you a decent yield while you wait.

Most Recent Experts

Stockchase Insights

5i Research

Michael Hakes - CFA, MBA

Murray Wealth Group

Stephen Weiss, Founder, Short Hills Capital Partners

Short Hills Capital Partners

Jim Lebenthal

Cerity Partners

Brenda Vingiello, CIO, Sand Hill Global Advisors

Sand Hill Global Advisors

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : hello@stockchase.com.

Glenn MacNeill, P.Eng. Wellco Energy Services WLL.UN-T BUY Jul 08, 2005

You might be interested:

Wellco Energy Services(WLL.UN-T)

Wellco Energy Services(WLL.UN-T)

Wellco Energy Services(WLL.UN-T)

Wellco Energy Services(WLL.UN-T)

Wellco Energy Services(WLL.UN-T)

Wellco Energy Services(WLL.UN-T)

Wellco Energy Services(WLL.UN-T)

Wellco Energy Services(WLL.UN-T)

Wellco Energy Services(WLL.UN-T)

Wellco Energy Services(WLL.UN-T)

Latest Buy Signals

Today's Top Picks

Popular Articles

Latest Sell Signals

Most Recent Experts

Stockchase Insights

Michael Hakes - CFA, MBA

Stephen Weiss, Founder, Short Hills Capital Partners

Jim Lebenthal

Brenda Vingiello, CIO, Sand Hill Global Advisors