Trican Well Service Ltd.

TCW-T

TSE:TCW

0.84
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
BUY
BUY
June 22, 2020
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.
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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.
TOP PICK
TOP PICK
May 20, 2020
Their debt is only 8% of equity. They use cash flow to buy back their stock. They are the dominant fracker in Canada. He expects Q2 and Q3 to be tough quarters, but by Q4 there will be a lot of natural gas drilling. His price target is $1.50. If you can buy it under $0.60 it makes sense. Yield 0% (Analysts’ price target is $0.82)
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Their debt is only 8% of equity. They use cash flow to buy back their stock. They are the dominant fracker in Canada. He expects Q2 and Q3 to be tough quarters, but by Q4 there will be a lot of natural gas drilling. His price target is $1.50. If you can buy it under $0.60 it makes sense. Yield 0% (Analysts’ price target is $0.82)
PAST TOP PICK
PAST TOP PICK
May 19, 2020
(A Top Pick May 21/19, Down 50%) He figured that oil was near the bottom of the cycle when he bought this last year, but the virus and oil crisis have pushed energy lower. TCW's managers have been buying shares, which encourages him. Also, their balance sheet is strong, especially debt-equity, compared to its peers. This is positioned to bounce back.
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(A Top Pick May 21/19, Down 50%) He figured that oil was near the bottom of the cycle when he bought this last year, but the virus and oil crisis have pushed energy lower. TCW's managers have been buying shares, which encourages him. Also, their balance sheet is strong, especially debt-equity, compared to its peers. This is positioned to bounce back.
DON'T BUY
DON'T BUY
April 3, 2020
It is difficult to be bullish on the service sector. The rig count in Canada will be decimated he thinks. When you look at the opportunity set out there, he thinks there are better opportunities.
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It is difficult to be bullish on the service sector. The rig count in Canada will be decimated he thinks. When you look at the opportunity set out there, he thinks there are better opportunities.
BUY WEAKNESS
BUY WEAKNESS
January 24, 2020
The company has a small debt level, but after selling some assets it should become debt free. They are using free cash flow to buy back shares. Under $1 this is a very cheap stock. He expects to begin buying himself soon. They are a major player in fracing in Canada.
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The company has a small debt level, but after selling some assets it should become debt free. They are using free cash flow to buy back shares. Under $1 this is a very cheap stock. He expects to begin buying himself soon. They are a major player in fracing in Canada.
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.
Showing 1 to 15 of 227 entries

Trican Well Service Ltd.(TCW-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 7

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 9

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, 9 stock analysts published opinions about TCW-T. 7 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is BUY. 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 Teal Linde on 2020-06-22. 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?

9 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 2020-07-06, Trican Well Service Ltd. (TCW-T) stock closed at a price of $0.84.