Trinidad Drilling Ltd (TDG-T) Stock Predictions - Stockchase
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Trinidad Drilling Ltd (TDG-T)

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oil/gas field services

Trinidad Drilling Ltd

TDG-T

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Trinidad Drilling Ltd (TDG-T) SAVE Feb, 20, 2019, 4:12 am

1.68 0.01 (0.3%)

About Trinidad Drilling Ltd (TDG-T)

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

What the experts are saying about TDG-T



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PAST TOP PICK
Trinidad Drilling Ltd(TDG-T) 

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.
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(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.
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John Zechner

Chairman, J. Zechner & Assoc...

Price Price
$1.630
Owned Owned
Yes

PAST TOP PICK
Trinidad Drilling Ltd(TDG-T) 

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.
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(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.
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Josef Schachter

President, Schachter Asset Mana...

Price Price
$1.670
Owned Owned
Yes

TOP PICK

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)

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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)

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Josef Schachter

President, Schachter Asset Mana...

Price Price
$1.950
Owned Owned
Yes

COMMENT
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.  

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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.  

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Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$1.790
Owned Owned
No

PAST TOP PICK
Trinidad Drilling Ltd(TDG-T) 

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.    

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(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.    

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Josef Schachter

President, Schachter Asset Mana...

Price Price
$1.730
Owned Owned
Yes

TOP PICK

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)

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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)

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Josef Schachter

President, Schachter Asset Mana...

Price Price
$1.730
Owned Owned
Yes

COMMENT

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

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Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$1.700
Owned Owned
Unknown

PAST TOP PICK

(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.

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(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.

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Josef Schachter

President, Schachter Asset Mana...

Price Price
$1.750
Owned Owned
Yes

PAST TOP PICK

(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. 

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(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. 

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John Zechner

Chairman, J. Zechner & Assoc...

Price Price
$1.770
Owned Owned
Yes

TOP PICK

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)

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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)

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John Zechner

Chairman, J. Zechner & Assoc...

Price Price
$1.770
Owned Owned
Yes

TOP PICK

A good balance sheet, under 50 % debt.  A big Canadian and big US presence.  It is a very cheap stock.  It is trading significantly below book value.  (Analysts’ target: $2.67).

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A good balance sheet, under 50 % debt.  A big Canadian and big US presence.  It is a very cheap stock.  It is trading significantly below book value.  (Analysts’ target: $2.67).

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Josef Schachter

President, Schachter Asset Mana...

Price Price
$1.820
Owned Owned
No

PAST TOP PICK

(A Past Top Pick on Oct. 6, 2017, Up 8%) Energy stocks are starting to rise and he likes. He's bullish on oil. Their debt is a little high and cash is a little weak. They're hiring outside consultants to resurrect the company which could happen. He likes the drillers and this is a straight-up play with US exposure.

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(A Past Top Pick on Oct. 6, 2017, Up 8%) Energy stocks are starting to rise and he likes. He's bullish on oil. Their debt is a little high and cash is a little weak. They're hiring outside consultants to resurrect the company which could happen. He likes the drillers and this is a straight-up play with US exposure.

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John Zechner

Chairman, J. Zechner & Assoc...

Price Price
$1.910
Owned Owned
Yes

PAST TOP PICK

(A Top Pick Oct. 6/17, Down 32%) Likes the drillers in general. Oil is holding well above $60, so there will be more spending from the majors and this in turn will benefit TDG. The current quarter didn't look so good, but the energy sector has stalled too. Actively gaining US exposure, such as a joint venture with Haliburton.

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(A Top Pick Oct. 6/17, Down 32%) Likes the drillers in general. Oil is holding well above $60, so there will be more spending from the majors and this in turn will benefit TDG. The current quarter didn't look so good, but the energy sector has stalled too. Actively gaining US exposure, such as a joint venture with Haliburton.

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John Zechner

Chairman, J. Zechner & Assoc...

Price Price
$1.750
Owned Owned
Yes

BUY on WEAKNESS
Trinidad Drilling Ltd(TDG-T) 

February 12, 2018

He likes it.  It is in his action alert buy list.  It is trading very, very cheaply.  They are getting a lot of demand for their rigs.  These stocks have been devastated and they have low debt.  The balance sheet is in good shape relative to peers.

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He likes it.  It is in his action alert buy list.  It is trading very, very cheaply.  They are getting a lot of demand for their rigs.  These stocks have been devastated and they have low debt.  The balance sheet is in good shape relative to peers.

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Josef Schachter

President, Schachter Asset Mana...

Price Price
$1.690
Owned Owned
Yes

BUY
Trinidad Drilling Ltd(TDG-T) 

January 15, 2018

Bargains are in the natural gas side.  This one is on his alert list.  It was devastated in tax loss selling and has now recovered.  He thinks it will get to a premium to book in Q3.  They have low debt on the balance sheet. 

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Bargains are in the natural gas side.  This one is on his alert list.  It was devastated in tax loss selling and has now recovered.  He thinks it will get to a premium to book in Q3.  They have low debt on the balance sheet. 

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Josef Schachter

President, Schachter Asset Mana...

Price Price
$1.880
Owned Owned
Unknown

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