Trican Well Service Ltd.

TCW-T

TSE:TCW

0.96
0.01 (1.05%)
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
PAST TOP PICK
PAST TOP PICK
September 14, 2018

(A Top Pick November 15/17 Down 46%) He exited energy services earlier this year. The E&Ps, he feels, are harbouring cash to survive, which has resulted in lower demand for the service sector. The company trades today at a trough PE and the company is paying down debt and buying back shares. He likes the management team strategy.

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(A Top Pick November 15/17 Down 46%) He exited energy services earlier this year. The E&Ps, he feels, are harbouring cash to survive, which has resulted in lower demand for the service sector. The company trades today at a trough PE and the company is paying down debt and buying back shares. He likes the management team strategy.

BUY
BUY
August 17, 2018

He was trying to buy some today. It is trading at a 15% free cash flow yield. They are buying back $85 million of stock. A Canadian producer is selling at the equivalent of $80 Canadian per barrel – this is a cash flow machine. The stock is undervalued and they are essentially debt free.

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He was trying to buy some today. It is trading at a 15% free cash flow yield. They are buying back $85 million of stock. A Canadian producer is selling at the equivalent of $80 Canadian per barrel – this is a cash flow machine. The stock is undervalued and they are essentially debt free.

BUY WEAKNESS
BUY WEAKNESS
August 13, 2018

Very cheap, trading below book value. They are using their excess cash to buy back stock. As the fracking business picks up, this stock will benefit. This stock has a lot of upside. He has a 1 year target of $6.00 and a 3-5 year target of $12.00. A very attractive buy below $3.00.

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Very cheap, trading below book value. They are using their excess cash to buy back stock. As the fracking business picks up, this stock will benefit. This stock has a lot of upside. He has a 1 year target of $6.00 and a 3-5 year target of $12.00. A very attractive buy below $3.00.

WEAK BUY
WEAK BUY
August 3, 2018

The momentum may become positive soon. He was previously worried about the massive amount of debt, but they have dramatically improved the balance sheet. You might get a 10-15% appreciation in price over the next 6-12 months.

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The momentum may become positive soon. He was previously worried about the massive amount of debt, but they have dramatically improved the balance sheet. You might get a 10-15% appreciation in price over the next 6-12 months.

SELL
SELL
July 27, 2018

Sell or buy more? Has fairly strong support level at $2.90. Bad sign that dropped below that and continues to drop. Technicians shouldn’t average down. Significant resistance point at $2.80. Anyone who bought in last 2-3 years, is looking to get out. Everything is saying negative. Wouldn’t touch it. Be very cautious. There’s no indication of a bottom.

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Sell or buy more? Has fairly strong support level at $2.90. Bad sign that dropped below that and continues to drop. Technicians shouldn’t average down. Significant resistance point at $2.80. Anyone who bought in last 2-3 years, is looking to get out. Everything is saying negative. Wouldn’t touch it. Be very cautious. There’s no indication of a bottom.

PAST TOP PICK
PAST TOP PICK
July 20, 2018

(A top pick July 19/17, down 21%) Is a pure play Canadian pressure pumper. Concerns were weak natural gas pricing and lowering of capital expense spending. They have been successful at share buybacks. Are being encouraged not to buy new equipment but continue to buy back stock. Trading at about 25% free cash flow yield.

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(A top pick July 19/17, down 21%) Is a pure play Canadian pressure pumper. Concerns were weak natural gas pricing and lowering of capital expense spending. They have been successful at share buybacks. Are being encouraged not to buy new equipment but continue to buy back stock. Trading at about 25% free cash flow yield.

COMMENT
COMMENT
July 20, 2018

Trican Well Services (TCW-T) vs. Trinidad Drilling (TDG-T). Trinidad is still going through strategic alternatives. The founder quit suddenly. Trinidad still has a large exposure to the Permian, so this is a detractor. Trican is pure play Canada and should work in its favour. He would take Trican over Trinidad

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Trican Well Services (TCW-T) vs. Trinidad Drilling (TDG-T). Trinidad is still going through strategic alternatives. The founder quit suddenly. Trinidad still has a large exposure to the Permian, so this is a detractor. Trican is pure play Canada and should work in its favour. He would take Trican over Trinidad

WATCH
WATCH
July 16, 2018

He likes it. He believes it has a $6 one year target. He is waiting because of concerns on the oil price. They have minimal debt. We are trading below book value. They are buying back a lot of shares. The buyback price suggests the company thinks their stock is cheap. When oil gets below $60 he thinks the stock will get down to $2.80 and it would be a buy then.

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He likes it. He believes it has a $6 one year target. He is waiting because of concerns on the oil price. They have minimal debt. We are trading below book value. They are buying back a lot of shares. The buyback price suggests the company thinks their stock is cheap. When oil gets below $60 he thinks the stock will get down to $2.80 and it would be a buy then.

DON'T BUY
DON'T BUY
June 29, 2018

Trican Well vs. Birchcliff (BIR-T) Be wary of Trican fracking right now, how much extra do you need. Tough to be a fracker up north, with most of the activity in the 48 states.

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Trican Well vs. Birchcliff (BIR-T) Be wary of Trican fracking right now, how much extra do you need. Tough to be a fracker up north, with most of the activity in the 48 states.

COMMENT
COMMENT
June 18, 2018

He is bullish on natural gas and in the future he will be bullish on oil. Differentials are a problem, as is egress of the commodity. They are buying back stock right now. They have really no debt. He I warming up to the story.

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He is bullish on natural gas and in the future he will be bullish on oil. Differentials are a problem, as is egress of the commodity. They are buying back stock right now. They have really no debt. He I warming up to the story.

PAST TOP PICK
PAST TOP PICK
June 11, 2018

(A Top Pick Nov 15/17, Down 32%) The concern was around the level of dry gas spending. He still thinks there is an opportunity for an upward revision later this year. Everyone seems to forget the uplift from the change in currency. This one has been a target of shorts but it unwound last Friday. You will be the recipient of a lot of free cash flow in forms like share buybacks.

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(A Top Pick Nov 15/17, Down 32%) The concern was around the level of dry gas spending. He still thinks there is an opportunity for an upward revision later this year. Everyone seems to forget the uplift from the change in currency. This one has been a target of shorts but it unwound last Friday. You will be the recipient of a lot of free cash flow in forms like share buybacks.

DON'T BUY
DON'T BUY
May 31, 2018

Not a great looking chart. It is in a sideways trend and the highs are lower. He would prefer Calfrac, due to its better up trend. He could see this drop to $2.80 and would not be a buyer until it moved back above $3.50. (Analysts’ price target is $5)

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Not a great looking chart. It is in a sideways trend and the highs are lower. He would prefer Calfrac, due to its better up trend. He could see this drop to $2.80 and would not be a buyer until it moved back above $3.50. (Analysts’ price target is $5)

DON'T BUY
DON'T BUY
May 23, 2018

He would favour shifting into a much bigger company than this one. Technically it is in a downtrend and it is not a peak period for the energy sector. He would not buy this one.

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He would favour shifting into a much bigger company than this one. Technically it is in a downtrend and it is not a peak period for the energy sector. He would not buy this one.

DON'T BUY
DON'T BUY
May 16, 2018

It's unlikely he'll buy this in the near future. It's wildly cyclical, so it's a trader's stock, not an investor's one. Profitability can swing a lot. He's a long-term, conservative investor. He can't buy-and-hold this.

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It's unlikely he'll buy this in the near future. It's wildly cyclical, so it's a trader's stock, not an investor's one. Profitability can swing a lot. He's a long-term, conservative investor. He can't buy-and-hold this.

DON'T BUY
DON'T BUY
May 4, 2018

The perception of weak natural gas pricing has held this stock back. If they report weak Q1 earnings, it may not be until the fall that they will be able to prove themselves. He thinks there is better opportunity trading E&P companies. In the services sector he has picked other horses.

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The perception of weak natural gas pricing has held this stock back. If they report weak Q1 earnings, it may not be until the fall that they will be able to prove themselves. He thinks there is better opportunity trading E&P companies. In the services sector he has picked other horses.

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