Trinidad Drilling Ltd

TDG-T

TSE:TDG

1.68
0.01 (0.30%)
Trinidad Drilling Ltd. is a corporation headquartered in Calgary, Alberta, Canada that operates in the drilling and well servicing sectors of the North American oil and gas industry. The company converted to an income trust in 2002 and did business under the name Trinidad Energy Services Income Trust.
More at Wikipedia

Analysis and Opinions about TDG-T

Signal
Opinion
Expert
BUY
BUY
September 19, 2019
It is conservative, small but well managed.
Trinidad Drilling Ltd (TDG-T)
September 19, 2019
It is conservative, small but well managed.
Ryan Bushell
President, Newhaven Asset Management
Price
$0.000
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
September 16, 2019
(A Top Pick Oct 09/18, Down 14%) It was taken over.
Trinidad Drilling Ltd (TDG-T)
September 16, 2019
(A Top Pick Oct 09/18, Down 14%) It was taken over.
Josef Schachter
President, Schachter Asset Management
Price
$0.000
Owned
Yes
PAST TOP PICK
PAST TOP PICK
August 26, 2019
(A Top Pick Aug 13/18, Down 3%) His subscribers made a small gain. It has been a pretty nasty market for investors.
(A Top Pick Aug 13/18, Down 3%) His subscribers made a small gain. It has been a pretty nasty market for investors.
Josef Schachter
President, Schachter Asset Management
Price
$0.000
Owned
No
PAST TOP PICK
PAST TOP PICK
July 15, 2019
(A Top Pick Jun 28/18, Down 5%) They has since been taken out by Ensign. He long sold this.
(A Top Pick Jun 28/18, Down 5%) They has since been taken out by Ensign. He long sold this.
John Zechner
Chairman, J. Zechner & Assoc
Price
$0.000
Owned
No
PAST TOP PICK
PAST TOP PICK
June 20, 2019
(A Top Pick Jun 18/18, Down 8%) He hoped Trinidad would do the deal and be in the pockets of PD-T, but it did work out. Ensign's offer won in the end. It worked out for him.
(A Top Pick Jun 18/18, Down 8%) He hoped Trinidad would do the deal and be in the pockets of PD-T, but it did work out. Ensign's offer won in the end. It worked out for him.
Josef Schachter
President, Schachter Asset Management
Price
$0.000
Owned
No
PAST TOP PICK
PAST TOP PICK
November 26, 2018
(A Top Pick Nov 06/17, Down 10%) Any oil pick has disappointed this past year as oil prices fell, though this hasn't done as badly. TDG has two take-out offers, yet this stock is still down for the year.
(A Top Pick Nov 06/17, Down 10%) Any oil pick has disappointed this past year as oil prices fell, though this hasn't done as badly. TDG has two take-out offers, yet this stock is still down for the year.
John Zechner
Chairman, J. Zechner & Assoc
Price
$1.630
Owned
Yes
PAST TOP PICK
PAST TOP PICK
November 19, 2018
(A Top Pick Nov 09/17, Down 2%) A company is trying to buy them. They are the biggest driller in Canada. If we are having a recovery, you will get double the return in PD-T shares. He recommends accepting the deal.
(A Top Pick Nov 09/17, Down 2%) A company is trying to buy them. They are the biggest driller in Canada. If we are having a recovery, you will get double the return in PD-T shares. He recommends accepting the deal.
Josef Schachter
President, Schachter Asset Management
Price
$1.670
Owned
Yes
TOP PICK
TOP PICK
October 9, 2018

He would rather see this company stay independent--its metrics are better than either Precision or Ensign (the two companies bidding for Trinidad). However, he sees the combination of Trinidad with Precision is a good deal. He thinks Ensign might come back with a higher bid, creating a bidding rivalry. His price target is $7. If the company is bought by Precision, he would roll over, to become a shareholder of Precision. Note: Precision’s debt to equity is high, almost 1 to 1. Ensign offers a dividend but also has a much higher debt than Trinidad. Yield 0%. (Analysts’ price target is $2.34)

He would rather see this company stay independent--its metrics are better than either Precision or Ensign (the two companies bidding for Trinidad). However, he sees the combination of Trinidad with Precision is a good deal. He thinks Ensign might come back with a higher bid, creating a bidding rivalry. His price target is $7. If the company is bought by Precision, he would roll over, to become a shareholder of Precision. Note: Precision’s debt to equity is high, almost 1 to 1. Ensign offers a dividend but also has a much higher debt than Trinidad. Yield 0%. (Analysts’ price target is $2.34)

Josef Schachter
President, Schachter Asset Management
Price
$1.950
Owned
Yes
COMMENT
COMMENT
September 14, 2018

He sees tangible book value around $2.50 per share. Given the balance sheet of other potential suitors, he may not see many others beyond Ensign willing to bid for the company.

Trinidad Drilling Ltd (TDG-T)
September 14, 2018

He sees tangible book value around $2.50 per share. Given the balance sheet of other potential suitors, he may not see many others beyond Ensign willing to bid for the company.

Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$1.790
Owned
No
PAST TOP PICK
PAST TOP PICK
September 7, 2018

(A Top Pick November 9/17 Up 5%) The stock is benefiting from the Ensign bid at $1.68, but thinks it will need a $2.00 price per share to make sense. He would like to see the company remain independent. They have a strong management team. The company is moving more rigs into the US under term contract agreements. He has a $3.00 per share 12 month target price.

(A Top Pick November 9/17 Up 5%) The stock is benefiting from the Ensign bid at $1.68, but thinks it will need a $2.00 price per share to make sense. He would like to see the company remain independent. They have a strong management team. The company is moving more rigs into the US under term contract agreements. He has a $3.00 per share 12 month target price.

Josef Schachter
President, Schachter Asset Management
Price
$1.730
Owned
Yes
TOP PICK
TOP PICK
August 13, 2018

Ensign Energy has a takeover bid on Trinidad. Ensign is trying to consolidate this business. The current offer is $1.68 which is less than what it is trading at today. He believes they have to come up with a much improved cash offer. Trinidad could consolidate this business on their own. Book value of Trinidad is $ 4.63. Why would you let your company go for less than book value? He doesn’t think the deal will happen. (Analysts’ price target is $ 2.50)

Ensign Energy has a takeover bid on Trinidad. Ensign is trying to consolidate this business. The current offer is $1.68 which is less than what it is trading at today. He believes they have to come up with a much improved cash offer. Trinidad could consolidate this business on their own. Book value of Trinidad is $ 4.63. Why would you let your company go for less than book value? He doesn’t think the deal will happen. (Analysts’ price target is $ 2.50)

Josef Schachter
President, Schachter Asset Management
Price
$1.730
Owned
Yes
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

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

Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$1.700
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
July 16, 2018

(A Top Pick Nov. 9/17, Up 6%) He likes the management. You want to own some exposure in the drilling exposure. It is a strong buy.

(A Top Pick Nov. 9/17, Up 6%) He likes the management. You want to own some exposure in the drilling exposure. It is a strong buy.

Josef Schachter
President, Schachter Asset Management
Price
$1.750
Owned
Yes
PAST TOP PICK
PAST TOP PICK
June 28, 2018

(A Top Pick November 6/17 - Down 2%) The company is doing very well. Generating a lot of cash. Still sticking to it. Money leaving the sector in general affected it and has done nothing.

(A Top Pick November 6/17 - Down 2%) The company is doing very well. Generating a lot of cash. Still sticking to it. Money leaving the sector in general affected it and has done nothing.

John Zechner
Chairman, J. Zechner & Assoc
Price
$1.770
Owned
Yes
TOP PICK
TOP PICK
June 28, 2018

With the price of oil well above USS 60 per barrel their market is expanding. One of the cheapest drillers. (Analysts’ price target is $2.67)

With the price of oil well above USS 60 per barrel their market is expanding. One of the cheapest drillers. (Analysts’ price target is $2.67)

John Zechner
Chairman, J. Zechner & Assoc
Price
$1.770
Owned
Yes
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