Calfrac Well Services Ltd | StockChase
131
Calfrac Well Services Ltd (CFW-T)

Last Price Recorded: $5.9600 on 2017-11-17

ON STOCKCHASE SINCE Apr 2004

oil/gas field services

Calfrac Well Services Ltd


Signal Opinion Expert

2017-11-15

HOLD
Calfrac Well Services Ltd (CFW-T)

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
Eric Nuttall

Portfolio Manager, Sprott Assett Management

Price: $5.640
Owned: No

2017-07-19

COMMENT
Calfrac Well Services Ltd (CFW-T)

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
Eric Nuttall

Portfolio Manager, Sprott Assett Management

Price: $3.150
Owned: No

2017-07-05

COMMENT
Calfrac Well Services Ltd (CFW-T)

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
Daniel Lloyd

Founder & Portfolio Manager, Sui Generis Investment Partners

Price: $2.380
Owned: No

2017-04-17

DON'T BUY
Calfrac Well Services Ltd (CFW-T)

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
Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Management Inc.

Price: $3.870
Owned: Unknown

2017-01-31

COMMENT
Calfrac Well Services Ltd (CFW-T)

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
Eric Nuttall

Portfolio Manager, Sprott Assett Management

Price: $4.230
Owned: No

2016-12-08

COMMENT
Calfrac Well Services Ltd (CFW-T)

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
Jim Huang

President, T.I.P. Wealth Management

Price: $4.130
Owned: Unknown

2016-08-29

HOLD
Calfrac Well Services Ltd (CFW-T)

(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
Brian Madden

Senior VP & Portfolio Manager, Goodreid Investment Council

Price: $2.970
Owned: No

2016-07-25

DON'T BUY
Calfrac Well Services Ltd (CFW-T)

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
Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Management Inc.

Price: $3.140
Owned: Unknown

2016-03-21

SELL
Calfrac Well Services Ltd (CFW-T)

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
Robert Lauzon

Deputy Chief Investment Officer, Middlefield Capital Corporation

Price: $1.550
Owned: No

2016-03-17

DON'T BUY
Calfrac Well Services Ltd (CFW-T)

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
Mason Granger

Portfolio Manager, Sentry Investments

Price: $1.670
Owned: Unknown

2015-08-25

COMMENT
Calfrac Well Services Ltd (CFW-T)

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
Eric Nuttall

Portfolio Manager, Sprott Assett Management

Price: $3.890
Owned: No

2015-08-05

COMMENT
Calfrac Well Services Ltd (CFW-T)

Average down? You could, but it is not a mainstream oil or gas producer. The patent on that stock price is the same as all the service companies. He doesn’t think there is a sense of failure. There is a pulling back in expenditures in the oil patch and a pulling back in the usage of rigs. This has happened since time immemorial. You have a price advantage. He is just simply holding onto most of these companies, but is not increasing them.

oil/gas field services
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $5.460
Owned: Unknown

2015-07-29

COMMENT
Calfrac Well Services Ltd (CFW-T)

These are great names to get leverage to the oil space, but the first names you have to be out of when you see a crack in energy. The fracers, servicers and drillers get hit first. In his opinion, we are not at the bottom of oil yet.

oil/gas field services
James Telfser

Partner & Portfolio Manager, Aventine Management Group

Price: $6.350
Owned: No

2015-06-09

WAIT
Calfrac Well Services Ltd (CFW-T)

Energy service names were very strong in the beginning part of the year, and then they pulled back with energy prices. This is on her watch list. She is not buying energy in general, as she feels there could be another pullback in crude oil prices.

oil/gas field services
Christine Poole

CEO & Managing Director, GlobeInvest Capital Management

Price: $8.130
Owned: No

2015-04-21

DON'T BUY
Calfrac Well Services Ltd (CFW-T)

The oil/gas industry has gone through a structural shift. Basically, from an old world of higher risk/high return of drilling and finding, took a long time. Today it is mass manufacturing with a very high probability of success. Going forward, it is less likely that the price of oil is going to have big moves higher, much above the cost of production. May and June are very tough months for service and exploration companies.

oil/gas field services
David Burrows

President & Chief Investment Strategist, Barometer Capital Management

Price: $9.960
Owned: Unknown

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