Trican Well Service Ltd.

TCW-T

TSE:TCW

1.19
0.00 (0.00%)
Trican Well Service Ltd. is an oilfield services corporation headquartered in Calgary, Alberta, Canada with operations in Alberta, British Columbia, Manitoba and Saskatchewan, Canada as well as the United States.
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Analysis and Opinions about TCW-T

Signal
Opinion
Expert
WATCH
WATCH
December 23, 2019
Energy has been bad but energy services has been really bad. He would look to add above $120.
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Energy has been bad but energy services has been really bad. He would look to add above $120.
PAST TOP PICK
PAST TOP PICK
December 16, 2019
(A Top Pick Mar 11/19, Down 25%) It is still a little early. Their balance sheet is quite pristine. A slight improvement in sentiment in the sector can cause the share price to jump up.
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(A Top Pick Mar 11/19, Down 25%) It is still a little early. Their balance sheet is quite pristine. A slight improvement in sentiment in the sector can cause the share price to jump up.
DON'T BUY
DON'T BUY
October 11, 2019
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.
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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 WEAKNESS
BUY WEAKNESS
October 10, 2019
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.
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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 WEAKNESS
BUY WEAKNESS
September 16, 2019
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.
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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
BUY
July 25, 2019
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.
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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
SELL
June 18, 2019
Oil field services are no longer profitable, given too much capacity in the Canadian oil patch. Write this off against your capital gains.
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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
TOP PICK
May 21, 2019
A turnaround opportunity. Trading below its liquidation value. Strong balance sheet, large upside recovery potential. No dividend. (Analysts’ price target is $2.13)
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A turnaround opportunity. Trading below its liquidation value. Strong balance sheet, large upside recovery potential. No dividend. (Analysts’ price target is $2.13)
COMMENT
COMMENT
May 1, 2019
If there's more drilling, then this and other oil service companies will do well. Rising oil prices will help.
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If there's more drilling, then this and other oil service companies will do well. Rising oil prices will help.
BUY
BUY
April 29, 2019
His dad works here. He likes it. Great balance sheet with $110 million cash.
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His dad works here. He likes it. Great balance sheet with $110 million cash.
DON'T BUY
DON'T BUY
April 29, 2019
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.
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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
HOLD
April 26, 2019
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.
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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 WEAKNESS
BUY WEAKNESS
April 18, 2019
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.
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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 WEAKNESS
BUY WEAKNESS
March 28, 2019
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.
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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
TOP PICK
March 11, 2019
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)
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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)
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