135

Calfrac Well Services Ltd (CFW-T)

ON STOCKCHASE SINCE Apr 2004

oil/gas field services

Calfrac Well Services Ltd
CFW-T

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Signal	Opinion	Expert
DON'T BUY	$Calfrac Well Services Ltd$ Calfrac Well Services Ltd(CFW-T) November 23, 2018 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 0 0 0 0 0 0 comments	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 0 0 0 0 0 0 comments Jon Vialoux Research A, CastleMoore Inc.... Price $3.260 Owned Unknown

COMMENT	$Calfrac Well Services Ltd$ Calfrac Well Services Ltd(CFW-T) April 10, 2018 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. oil/gas field services 0 0 0 0 0 0 comments	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. oil/gas field services 0 0 0 0 0 0 comments Jeff Parent B. VP & Portf, Castlemoore Inc.... Price $5.720 Owned Unknown
SPECULATIVE BUY	$Calfrac Well Services Ltd$ Calfrac Well Services Ltd(CFW-T) April 3, 2018 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 $2 over the near term you might make a lot over the next few years. However, this requires more risk tolerance than he is willing to accept in his own investing. (Analysts’ price target is 8.65$) oil/gas field services 0 0 0 0 0 0 comments	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 $2 over the near term you might make a lot over the next few years. However, this requires more risk tolerance than he is willing to accept in his own investing. (Analysts’ price target is 8.65$) oil/gas field services 0 0 0 0 0 0 comments Josef Schachter President, Schachter Asset Mana... Price $5.720 Owned No
HOLD	$Calfrac Well Services Ltd$ Calfrac Well Services Ltd(CFW-T) January 25, 2018 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. oil/gas field services 0 0 0 0 0 0 comments	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. oil/gas field services 0 0 0 0 0 0 comments Don Lato President, Padlock Investment M... Price $7.180 Owned Unknown
HOLD	$Calfrac Well Services Ltd$ Calfrac Well Services Ltd(CFW-T) November 15, 2017 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. oil/gas field services 0 0 0 0 0 0 comments	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. oil/gas field services 0 0 0 0 0 0 comments Eric Nuttall Partner & , Ninepoint Partners... Price $5.640 Owned No
COMMENT	$Calfrac Well Services Ltd$ Calfrac Well Services Ltd(CFW-T) July 19, 2017 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. oil/gas field services 0 0 0 0 0 0 comments	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. oil/gas field services 0 0 0 0 0 0 comments Eric Nuttall Partner & , Ninepoint Partners... Price $3.150 Owned No
COMMENT	$Calfrac Well Services Ltd$ Calfrac Well Services Ltd(CFW-T) July 5, 2017 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. oil/gas field services 0 0 0 0 0 0 comments	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. oil/gas field services 0 0 0 0 0 0 comments Daniel Lloyd Portfolio , Forge First Asset Ma... Price $2.380 Owned No
DON'T BUY	$Calfrac Well Services Ltd$ Calfrac Well Services Ltd(CFW-T) April 17, 2017 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. oil/gas field services 0 0 0 0 0 0 comments	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. oil/gas field services 0 0 0 0 0 0 comments Larry Berman CF Chief Inve, ETF Capital Manageme... Price $3.870 Owned Unknown
COMMENT	$Calfrac Well Services Ltd$ Calfrac Well Services Ltd(CFW-T) January 31, 2017 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.) oil/gas field services 0 0 0 0 0 0 comments	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.) oil/gas field services 0 0 0 0 0 0 comments Eric Nuttall Partner & , Ninepoint Partners... Price $4.230 Owned No
COMMENT	$Calfrac Well Services Ltd$ Calfrac Well Services Ltd(CFW-T) December 8, 2016 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. oil/gas field services 0 0 0 0 0 0 comments	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. oil/gas field services 0 0 0 0 0 0 comments Jim Huang President, T.I.P. Wealth Manage... Price $4.130 Owned Unknown
HOLD	$Calfrac Well Services Ltd$ Calfrac Well Services Ltd(CFW-T) August 29, 2016 (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. oil/gas field services 0 0 0 0 0 0 comments	(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. oil/gas field services 0 0 0 0 0 0 comments Brian Madden Senior VP , Goodreid Investment ... Price $2.970 Owned No
DON'T BUY	$Calfrac Well Services Ltd$ Calfrac Well Services Ltd(CFW-T) July 25, 2016 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. oil/gas field services 0 0 0 0 0 0 comments	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. oil/gas field services 0 0 0 0 0 0 comments Larry Berman CF Chief Inve, ETF Capital Manageme... Price $3.140 Owned Unknown
SELL	$Calfrac Well Services Ltd$ Calfrac Well Services Ltd(CFW-T) March 21, 2016 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. oil/gas field services 0 0 0 0 0 0 comments	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. oil/gas field services 0 0 0 0 0 0 comments Robert Lauzon Deputy Chi, Middlefield Capital ... Price $1.550 Owned No
DON'T BUY	$Calfrac Well Services Ltd$ Calfrac Well Services Ltd(CFW-T) March 17, 2016 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 0 0 0 0 0 0 comments	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 0 0 0 0 0 0 comments Mason Granger Portfolio , Sentry Investments... Price $1.670 Owned Unknown
COMMENT	$Calfrac Well Services Ltd$ Calfrac Well Services Ltd(CFW-T) August 25, 2015 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 0 0 0 0 0 0 comments	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 0 0 0 0 0 0 comments Eric Nuttall Partner & , Ninepoint Partners... Price $3.890 Owned No

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