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.
Show full opinionHide full opinion
Trinidad Drilling Ltd (TDG-T)
September 19, 2019
It is conservative, small but well managed.
PAST TOP PICK
PAST TOP PICK
September 16, 2019
(A Top Pick Oct 09/18, Down 14%) It was taken over.
Show full opinionHide full opinion
Trinidad Drilling Ltd (TDG-T)
September 16, 2019
(A Top Pick Oct 09/18, Down 14%) It was taken over.
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.
Show full opinionHide full opinion
(A Top Pick Aug 13/18, Down 3%) His subscribers made a small gain. It has been a pretty nasty market for investors.
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.
Show full opinionHide full opinion
(A Top Pick Jun 28/18, Down 5%) They has since been taken out by Ensign. He long sold this.
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.
Show full opinionHide full opinion
(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.
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.
Show full opinionHide full opinion
(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.
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.
Show full opinionHide full opinion
(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.
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)

Show full opinionHide full opinion

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)

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.

Show full opinionHide full opinion
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.

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.

Show full opinionHide full opinion

(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.

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)

Show full opinionHide full opinion

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)

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

Show full opinionHide full opinion

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

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.

Show full opinionHide full opinion

(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.

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.

Show full opinionHide full opinion

(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.

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)

Show full opinionHide full opinion

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)

TOP PICK
TOP PICK
June 18, 2018

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).

Show full opinionHide full opinion

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).

PAST TOP PICK
PAST TOP PICK
May 2, 2018

(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.

Show full opinionHide full opinion

(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.

PAST TOP PICK
PAST TOP PICK
March 27, 2018

(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.

Show full opinionHide full opinion

(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.

BUY WEAKNESS
BUY WEAKNESS
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.

Show full opinionHide full opinion

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.

BUY
BUY
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.

Show full opinionHide full opinion

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.

BUY
BUY
January 8, 2018

If there is a big rally in energy this year all of the stocks will do well. He is looking at drilling companies as the next ones to get pricing pressure. He thinks they are next to go up and has held PD-T for a while. The US looks pretty attractive to him 6 months out.

Show full opinionHide full opinion

If there is a big rally in energy this year all of the stocks will do well. He is looking at drilling companies as the next ones to get pricing pressure. He thinks they are next to go up and has held PD-T for a while. The US looks pretty attractive to him 6 months out.

BUY
BUY
December 18, 2017

It is on his coverage list. It was added to his action alert list this past week. They have 69 rigs in the US and 70 in Canada. They are doing very well. Even if they wrote down older portions of their fleet, they are still okay. The balance sheet is not bad. They are in good shape.

Show full opinionHide full opinion

It is on his coverage list. It was added to his action alert list this past week. They have 69 rigs in the US and 70 in Canada. They are doing very well. Even if they wrote down older portions of their fleet, they are still okay. The balance sheet is not bad. They are in good shape.

DON'T BUY
DON'T BUY
December 14, 2017

Drilling rigs in Canada and the US. It is trading cheaply, below book value. A lot of analysts are not bullish on day rates for rigs. That could change. The best rigs with the best crews will be put to use. He would prefer PD-T.

Show full opinionHide full opinion

Drilling rigs in Canada and the US. It is trading cheaply, below book value. A lot of analysts are not bullish on day rates for rigs. That could change. The best rigs with the best crews will be put to use. He would prefer PD-T.

TOP PICK
TOP PICK
November 9, 2017

They have 70 rigs in Canada, 69 in the US and 11 in the middle east. The company did very, very well in the quarter. Under $1.50 after tax loss selling would be the time to buy it. (Analysts’ target: $2.80).

Show full opinionHide full opinion

They have 70 rigs in Canada, 69 in the US and 11 in the middle east. The company did very, very well in the quarter. Under $1.50 after tax loss selling would be the time to buy it. (Analysts’ target: $2.80).

TOP PICK
TOP PICK
November 6, 2017

Drillers are cheap. You don't have to be a Bull on oil. They are trading at about 30% of replacement value. This company has shifted a lot of their rigs to the US. They are starting to generate more free cash flow. Thinks there is a lot of upside to the whole sector. (Analysts' Price Target is $2.78.)

Show full opinionHide full opinion

Drillers are cheap. You don't have to be a Bull on oil. They are trading at about 30% of replacement value. This company has shifted a lot of their rigs to the US. They are starting to generate more free cash flow. Thinks there is a lot of upside to the whole sector. (Analysts' Price Target is $2.78.)

TOP PICK
TOP PICK
October 6, 2017

They’ve done a good job in the past couple of years of migrating more to the US to the Permian Basin, giving them higher productivity and higher rates. They’ve done a few acquisitions giving them a broader product and services offering. Has a joint venture with Halliburton for international rigs. The biggest reason is that drilling stocks are trading at about 30%-35% of replacement value of the assets. They’ve always been a Buy at that level and a Sell at 70%-80%. (Analysts’ price target is $2.90.)

Show full opinionHide full opinion

They’ve done a good job in the past couple of years of migrating more to the US to the Permian Basin, giving them higher productivity and higher rates. They’ve done a few acquisitions giving them a broader product and services offering. Has a joint venture with Halliburton for international rigs. The biggest reason is that drilling stocks are trading at about 30%-35% of replacement value of the assets. They’ve always been a Buy at that level and a Sell at 70%-80%. (Analysts’ price target is $2.90.)

WATCH
WATCH
September 18, 2017

A lot of the drilling stocks are cheap. Book value is $4.99 so it is trading very cheap. It could go to a $1.20. During the next bull market it could be a $12 stock. You want to own it and sometime in the fourth quarter will be the time to buy it.

Show full opinionHide full opinion
Trinidad Drilling Ltd (TDG-T)
September 18, 2017

A lot of the drilling stocks are cheap. Book value is $4.99 so it is trading very cheap. It could go to a $1.20. During the next bull market it could be a $12 stock. You want to own it and sometime in the fourth quarter will be the time to buy it.

COMMENT
COMMENT
September 15, 2017

A merger between Precision Drilling (PD-T) and Trinidad (TDG-T)? Thinks you can make the thesis to own either one with a preference to pressure pumping, without necessarily making the bet that you are going to see M&A. The biggest argument is personalities.

Show full opinionHide full opinion
Trinidad Drilling Ltd (TDG-T)
September 15, 2017

A merger between Precision Drilling (PD-T) and Trinidad (TDG-T)? Thinks you can make the thesis to own either one with a preference to pressure pumping, without necessarily making the bet that you are going to see M&A. The biggest argument is personalities.

DON'T BUY
DON'T BUY
September 7, 2017

As drilling comes back and becomes more robust there will be more prospects. If he was going to own a name here he would own PD-T. They are more diverse and have a better valuation.

Show full opinionHide full opinion

As drilling comes back and becomes more robust there will be more prospects. If he was going to own a name here he would own PD-T. They are more diverse and have a better valuation.

COMMENT
COMMENT
June 12, 2017

$486 million of debt against $1.4 billion of equity, so they are doing quite well. Revenues went up 23% in the 1st quarter, to $132 million, and they have an operating income of $48 million with a cash flow loss of $28 million, which was the problem. This company is a survivor. Very vulnerable when the industry turns south. You want to be able to buy when they are throwing them away. BV is $548 million, so it is already trading at a significant discount.

Show full opinionHide full opinion

$486 million of debt against $1.4 billion of equity, so they are doing quite well. Revenues went up 23% in the 1st quarter, to $132 million, and they have an operating income of $48 million with a cash flow loss of $28 million, which was the problem. This company is a survivor. Very vulnerable when the industry turns south. You want to be able to buy when they are throwing them away. BV is $548 million, so it is already trading at a significant discount.

Showing 1 to 30 of 139 entries

Trinidad Drilling Ltd(TDG-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 5

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 5

Stockchase rating for Trinidad Drilling Ltd is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Trinidad Drilling Ltd(TDG-T) Frequently Asked Questions

What is Trinidad Drilling Ltd stock symbol?

Trinidad Drilling Ltd is a Canadian stock, trading under the symbol TDG-T on the Toronto Stock Exchange (TDG-CT). It is usually referred to as TSX:TDG or TDG-T

Is Trinidad Drilling Ltd a buy or a sell?

In the last year, 5 stock analysts published opinions about TDG-T. 5 analysts recommended to BUY the stock. 0 analyst recommended to SELL the stock. The latest stock analyst recommendation is BUY. Read the latest stock experts' ratings for Trinidad Drilling Ltd.

Is Trinidad Drilling Ltd a good investment or a top pick?

Trinidad Drilling Ltd was recommended as a Top Pick by Ryan Bushell on 2019-09-19. Read the latest stock experts ratings for Trinidad Drilling Ltd.

Why is Trinidad Drilling Ltd stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Trinidad Drilling Ltd worth watching?

5 stock analysts on Stockchase covered Trinidad Drilling Ltd In the last year. It is a trending stock that is worth watching.

What is Trinidad Drilling Ltd stock price?

On 2019-06-29, Trinidad Drilling Ltd (TDG-T) stock closed at a price of $1.68.