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Investor Insights

This summary was created by AI, based on 6 opinions in the last 12 months.

Trican Well Service Ltd. (TCW-T) is receiving positive reviews from experts, with a strong outlook for well servicing and re-fracking to improve productivity. The company's clean balance sheet, strong cash balance, and impressive shareholder yield make it a favorable choice for long-term investors. The energy services sector is volatile but TCW's ability to grow cash and leverage, along with its strong fundamentals, make it a promising investment. Overall, experts are optimistic about TCW's potential for growth and stability in the energy market.

Consensus
Positive
Valuation
Undervalued
HOLD

Has held up well at 8x PE, even with nat gas prices low. Pristine balance sheet, using it to invest in equipment that reduces carbon footprint, which gives it a marketing advantage. One of the more volatile among the service companies. Yield is 3-4%.

oil / gas field services
PARTIAL BUY

Sees a 12% free cash flow yield, but isn't the confident about it. Likes them buying back shares and long-term companies will ramp up well drilling. Are debt free and doing all the right things. But one of their competitors (a doh-doh head) cut prices to win a job.

oil / gas field services
PAST TOP PICK
(A Top Pick Apr 26/23, Up 48%)

Outlook quite strong in terms of well servicing, you can go back in and re-frack to improve productivity. Nice, strong upward bias to fracking services and intensity of services. Nice yield.

oil / gas field services
BUY

Cheap at 8x earnings, 3.3% dividend yield. Clean balance sheet. Has done well in the last year. Even if activity remains flat, probably going higher because of the price of oil.

oil / gas field services
RISKY

Good for long term investors at 5-10 years.
Energy services a volatile sector.
Is good for risk adverse investors.
Cash balance very strong. 
Demand for drilling is high given strength in energy prices.

oil / gas field services
BUY
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

TCW has an impressive shareholder yield, with a dividend yield of 1.7%, a buyback yield of 10.8%, and a debt paydown yield of 3.4%. The company is a $971M company with a forward earnings multiple of 8.1X, a low debt profile, growing margins, and great free cash flows, but it does operate in a cyclical industry. Although the company's balance sheet has shrunk since 2018, its share count has also diminished significantly since that timeframe. If an investor has an optimistic outlook on the price of oil and the energy market, we would feel comfortable with the solid execution and fundamentals of this company. 
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oil / gas field services
COMMENT

It provides energy services in Alberta as well as some in the U.S. He doesn't own energy services or exploration companies. Sticks to pipelines.This type of company does well when the sector does well.

oil / gas field services
TOP PICK

His theme today is leverage, nice yield, and ability to grow cash. No debt. Trades at 2.5x EBITDA multiple, down from its historic 5x. Services are picking up. Advantaged on the gas side, purest publicly listed frack play in Canada. First Nations issues resolved. LNG Canada could mean a 10% rig pickup. Ultra-clean balance sheet. Nice yield of 1.25%.

(Analysts’ price target is $5.53)
oil / gas field services
HOLD
Depreciation is real. The more you pump, the faster the equipment wears down. Well service activity is much higher than 2-3 years ago. Rig counts are moving up, pricing is higher, and TCW will benefit. Sweet spot in the cycle right now, but he has concerns about length of cycle. Any near-term softening in nat gas price could negatively impact next year's activity.
oil / gas field services
BUY ON WEAKNESS

Likes service side of the business in energy. Producers not drilling as much as in prior energy booms. Expecting increased drilling/service demand for the long term.

oil / gas field services
COMMENT
Would purchase TCW than PD. Owns neither. The collapse on oil price will impair spending further than maintenance capital. There is always a bad actor that ruins the pricing power. Would prefer the producers.
oil / gas field services
COMMENT
TCW vs. CFW Issue for CFW has been the balance sheet. Lots of debt. Concerns about solvency. Upswing in the sector is helping them. Whereas TCW has a clean balance sheet with rising fundamentals that's all going to equity holders. TCW is a safer blue chip.
oil / gas field services
DON'T BUY
Doesn't see much upside here, though there will be pricing power finally for the pressure-pumpers now that foreign players have left Canada. He begs companies like this not to invest excess money to drill a lot, just keep drilling flat. And use excess cash to buy back shares. The space is less competitive than before. But there are lower returns with service companies than before. Also, their biggest shareholder has been selling shares.
oil / gas field services
DON'T BUY
He does not own any service names. Oil company spending will go to dividend increases, share buybacks or deleveraging. Production growth related spending is a couple years away. Bullish elements for gas has been offset by decrease in production. It is too expensive right now for him to buy.
oil / gas field services
BUY
He prefers services companies to producers. Existing wells decline quickly. Services companies have gear that you don’t have to worry about it declining. Insiders have been buying more recently. This one could be the last one standing.
oil / gas field services
Showing 1 to 15 of 241 entries

Trican Well Service Ltd.(TCW-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 5

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 6

Stockchase rating for Trican Well Service Ltd. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Trican Well Service Ltd.(TCW-T) Frequently Asked Questions

What is Trican Well Service Ltd. stock symbol?

Trican Well Service Ltd. is a Canadian stock, trading under the symbol TCW-T on the Toronto Stock Exchange (TCW-CT). It is usually referred to as TSX:TCW or TCW-T

Is Trican Well Service Ltd. a buy or a sell?

In the last year, 6 stock analysts published opinions about TCW-T. 5 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Trican Well Service Ltd..

Is Trican Well Service Ltd. a good investment or a top pick?

Trican Well Service Ltd. was recommended as a Top Pick by on . Read the latest stock experts ratings for Trican Well Service Ltd..

Why is Trican Well Service Ltd. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Trican Well Service Ltd. worth watching?

6 stock analysts on Stockchase covered Trican Well Service Ltd. In the last year. It is a trending stock that is worth watching.

What is Trican Well Service Ltd. stock price?

On 2024-07-23, Trican Well Service Ltd. (TCW-T) stock closed at a price of $4.9.