Calfrac Well Services Ltd (CFW-T) Stock Predictions - Stockchase
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Calfrac Well Services Ltd (CFW-T)

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oil/gas field services

Calfrac Well Services Ltd

CFW-T

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Calfrac Well Services Ltd (CFW-T) SAVE Mar, 18, 2019, 12:11 pm

3.49 0.2 (6.08%)

About Calfrac Well Services Ltd (CFW-T)

Calfrac Well Services Ltd. is an API Q2 certified oilfield services company operating in Western Canada, Colorado, North Dakota, Arkansas, Pennsylvania, Texas, Western Siberia and Argentina, and Texas. More at Wikipedia

What the experts are saying about CFW-T



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Signal Opinion Expert
DON'T BUY
It does better in the springtime before summer driving season. This year's it's seen lower-lows and -highs. It's below its 200-day moving average. Oil price has plunged. Can CFW benefit from current $53 oil?
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It does better in the springtime before summer driving season. This year's it's seen lower-lows and -highs. It's below its 200-day moving average. Oil price has plunged. Can CFW benefit from current $53 oil?
oil/gas field services
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Jon Vialoux

Research A, CastleMoore Inc....

Price Price
$3.260
Owned Owned
Unknown

COMMENT

Last time it hit $8 was July 2015, then dropped to just over $1. Today saw a turnaround and reached an important point; yesterday, he would have sold it, but there could be a turnaround after today's gain. If this falls below $5.35 , it's an exit point. There's not much support now. It could increase 50 cents in the short-term. 

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Last time it hit $8 was July 2015, then dropped to just over $1. Today saw a turnaround and reached an important point; yesterday, he would have sold it, but there could be a turnaround after today's gain. If this falls below $5.35 , it's an exit point. There's not much support now. It could increase 50 cents in the short-term. 

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Jeff Parent B.

VP & Portf, Castlemoore Inc....

Price Price
$5.720
Owned Owned
Unknown

SPECULATIVE BUY

Calfrac is the high beta choice in this market space. Its problem is its balance sheet. They did well in the 4th quarter but they have a debt at the end of $984 million against a total equity of $477 million. That’s the balance sheet of a utility, not an energy service company. He expects a multi-year bull market in oil after Q2. If that happens, this company will generate a lot of free cash and will be able to pay down its debt. In the last bull market, 2014, this was a $21 stock, so if you are willing to take the gyration of $1 or $2 over the near term you might make a lot over the next few years. However, this requires more risk tolerance than he is willing to accept in his own investing. (Analysts’ price target is 8.65$)

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Calfrac is the high beta choice in this market space. Its problem is its balance sheet. They did well in the 4th quarter but they have a debt at the end of $984 million against a total equity of $477 million. That’s the balance sheet of a utility, not an energy service company. He expects a multi-year bull market in oil after Q2. If that happens, this company will generate a lot of free cash and will be able to pay down its debt. In the last bull market, 2014, this was a $21 stock, so if you are willing to take the gyration of $1 or $2 over the near term you might make a lot over the next few years. However, this requires more risk tolerance than he is willing to accept in his own investing. (Analysts’ price target is 8.65$)

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Josef Schachter

President, Schachter Asset Mana...

Price Price
$5.720
Owned Owned
No

HOLD

Along with everyone else in the space they had a very difficult time for a couple of years and they will likely continue.  The companies around today will be the survivors.  We are some away from a robust drilling sector.

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Along with everyone else in the space they had a very difficult time for a couple of years and they will likely continue.  The companies around today will be the survivors.  We are some away from a robust drilling sector.

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Don Lato

President, Padlock Investment M...

Price Price
$7.180
Owned Owned
Unknown

HOLD

The hang-up on this is debt. That’s been restraining their ability to grow. He was optimistic that they may be able to monetize their Russian or south American operations, or even their US operations in order to pay down debt. Unless they are able to monetize their US operations, he can’t see how they will get a re-rating of the story. If you own it, he would just let it ride, as the backdrop in pressure pumping is very strong in Canada.

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The hang-up on this is debt. That’s been restraining their ability to grow. He was optimistic that they may be able to monetize their Russian or south American operations, or even their US operations in order to pay down debt. Unless they are able to monetize their US operations, he can’t see how they will get a re-rating of the story. If you own it, he would just let it ride, as the backdrop in pressure pumping is very strong in Canada.

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Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$5.640
Owned Owned
No

COMMENT

This operates in Russia, Argentina, US and Canada. Fracing demand, in both Canada and the US, exceeds available supply. As pricing has been going up, this has been a beneficiary. What keeps him from investing in this is their balance sheet. They simply have too much debt, and it removes their strategic flexibility.

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This operates in Russia, Argentina, US and Canada. Fracing demand, in both Canada and the US, exceeds available supply. As pricing has been going up, this has been a beneficiary. What keeps him from investing in this is their balance sheet. They simply have too much debt, and it removes their strategic flexibility.

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Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$3.150
Owned Owned
No

COMMENT

He is interested in pressure pumpers at the moment, and is trying to position himself along the fracing value chain. He owns Trican (TCW-T) instead. This has much more US exposure, a much more competitive market.

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He is interested in pressure pumpers at the moment, and is trying to position himself along the fracing value chain. He owns Trican (TCW-T) instead. This has much more US exposure, a much more competitive market.

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Daniel Lloyd

Portfolio , Forge First Asset Ma...

Price Price
$2.380
Owned Owned
No

DON'T BUY

Oil has come off the lows of a year ago.  The trend line is broken and we are seeing higher highs and higher lows so you want to buy into a dip if you believe oil will get better, which he does not.  Trim exposure if it does not break the $5 resistance.

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Oil has come off the lows of a year ago.  The trend line is broken and we are seeing higher highs and higher lows so you want to buy into a dip if you believe oil will get better, which he does not.  Trim exposure if it does not break the $5 resistance.

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Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$3.870
Owned Owned
Unknown

COMMENT

This was on the edge of bankruptcy not long ago. Along with the entire service sector, they are benefiting from a massive increase in CapX this year, due to rising oil and gas prices. In Canada there are 3 fracers, and this is his least favourite. While they have done a pretty good job of avoiding covenant violations, they don’t have as much flexibility as he would like them to have. (See Top Picks.)

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This was on the edge of bankruptcy not long ago. Along with the entire service sector, they are benefiting from a massive increase in CapX this year, due to rising oil and gas prices. In Canada there are 3 fracers, and this is his least favourite. While they have done a pretty good job of avoiding covenant violations, they don’t have as much flexibility as he would like them to have. (See Top Picks.)

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Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$4.230
Owned Owned
No

COMMENT

For companies like this, it is all about leverage to the upside. Clearly the cycle has turned. Gas companies are spending more money on fracing, so they will make more money. The issue is, how much more, and is the capacity still in surplus or not. If oil prices get to $60 plus, there is probably more upside for the fracers.

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For companies like this, it is all about leverage to the upside. Clearly the cycle has turned. Gas companies are spending more money on fracing, so they will make more money. The issue is, how much more, and is the capacity still in surplus or not. If oil prices get to $60 plus, there is probably more upside for the fracers.

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Jim Huang

President, T.I.P. Wealth Manage...

Price Price
$4.130
Owned Owned
Unknown

HOLD

(Market Call Minute.) Not for the faint of heart. A leveraged business model. Has a tailwind in the form of improving service sector activity with rising oil prices, but is definitely not a blue-chip stock.

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(Market Call Minute.) Not for the faint of heart. A leveraged business model. Has a tailwind in the form of improving service sector activity with rising oil prices, but is definitely not a blue-chip stock.

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Brian Madden

Senior VP , Goodreid Investment ...

Price Price
$2.970
Owned Owned
No

DON'T BUY

Fracking is still going to continue, but they are leveraged to the price of oil.  There is a massive glut in unleaded gas.  CFW-T should retrace almost to the February lows earlier this year.

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Fracking is still going to continue, but they are leveraged to the price of oil.  There is a massive glut in unleaded gas.  CFW-T should retrace almost to the February lows earlier this year.

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Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$3.140
Owned Owned
Unknown

SELL

A business of fracking wells and there are not a lot of wells being done that way.  FRC-T is a better bet as they have lower debt.

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A business of fracking wells and there are not a lot of wells being done that way.  FRC-T is a better bet as they have lower debt.

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Robert Lauzon

Deputy Chi, Middlefield Capital ...

Price Price
$1.550
Owned Owned
No

DON'T BUY

There are 3 pressure pumpers in Canada and are involved in the hydraulic fracturing of reservoirs as part of the completion process after the well has been drilled. This company has struggled with the debt and has been selling their US business. At this point in the cycle, he wouldn’t be too constructive on this type of a service name because he feels the pricing power is not going to come back. You do better on owning E&P stocks at this time.

oil/gas field services
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There are 3 pressure pumpers in Canada and are involved in the hydraulic fracturing of reservoirs as part of the completion process after the well has been drilled. This company has struggled with the debt and has been selling their US business. At this point in the cycle, he wouldn’t be too constructive on this type of a service name because he feels the pricing power is not going to come back. You do better on owning E&P stocks at this time.

oil/gas field services
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Mason Granger

Portfolio , Sentry Investments...

Price Price
$1.670
Owned Owned
Unknown

COMMENT

Trican (TCW-T) or Calfrac (CFW-T)? This is a better company operationally and geographically. Less debt, although they do have a lot of debt as well, so everything is not rosy. His preference would be Canyon Services (FRC-T).

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Trican (TCW-T) or Calfrac (CFW-T)? This is a better company operationally and geographically. Less debt, although they do have a lot of debt as well, so everything is not rosy. His preference would be Canyon Services (FRC-T).

oil/gas field services
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Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$3.890
Owned Owned
No

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