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.
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Analysis and Opinions about TDG-T

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
May 27, 2016

(A Top Pick June 8/15. Down 46.56%.) It is really a terrible situation for service stocks. Not overly optimistic on the service space. There is still so much latent capacity, especially with the drillers.

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(A Top Pick June 8/15. Down 46.56%.) It is really a terrible situation for service stocks. Not overly optimistic on the service space. There is still so much latent capacity, especially with the drillers.

PAST TOP PICK
PAST TOP PICK
April 7, 2016

(Top Pick Apr 6/15, Down 64.27%) They usually lead a recovery. Given the magnitude of the drop in oil there was a reduction in drilling.

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(Top Pick Apr 6/15, Down 64.27%) They usually lead a recovery. Given the magnitude of the drop in oil there was a reduction in drilling.

HOLD
HOLD
April 6, 2016

A good example of a Value stock. Trades at a low multiple of BV. Trading at 5.6X PE. The challenge with a stock like this is that all their metrics tend to be backwards looking. They are based on what they have historically been able to do, not necessarily what the next 12 months will look like. It is too late to Sell.

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A good example of a Value stock. Trades at a low multiple of BV. Trading at 5.6X PE. The challenge with a stock like this is that all their metrics tend to be backwards looking. They are based on what they have historically been able to do, not necessarily what the next 12 months will look like. It is too late to Sell.

WAIT
WAIT
March 21, 2016

We have the least amount of drill rigs in North America in years. Earnings per share in these companies are lowering. Timing is going to be quite tough, but crucial on how it works. It could be the end of the year before boards meet to discuss turning the taps back on. This company has been increasing debt as they make acquisitions.

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We have the least amount of drill rigs in North America in years. Earnings per share in these companies are lowering. Timing is going to be quite tough, but crucial on how it works. It could be the end of the year before boards meet to discuss turning the taps back on. This company has been increasing debt as they make acquisitions.

PAST TOP PICK
PAST TOP PICK
November 3, 2015

(A Top Pick Oct 21/14. Down 65.57%.) Any energy stock in the past year has been a disaster, and anything in the drilling of the services side has been even worse. He wasn’t expecting oil prices to break down as much as they did. Debt levels are still relatively high and cash flow is still drying up. Thinks they will survive, but he worries about the guys with the bad balance sheets.

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(A Top Pick Oct 21/14. Down 65.57%.) Any energy stock in the past year has been a disaster, and anything in the drilling of the services side has been even worse. He wasn’t expecting oil prices to break down as much as they did. Debt levels are still relatively high and cash flow is still drying up. Thinks they will survive, but he worries about the guys with the bad balance sheets.

DON'T BUY
DON'T BUY
October 23, 2015

These are hard times. If you think oil companies are having a tough time of it, the service companies are in a real bind. This one is holding on by its fingertips. Unless things turn around in the next quarter or 2, they are going to have a real tough time. If we get back into $60 oil, then you are going to see things pick up again. In the meantime, this is a high risk situation. Dividend yield of about 8%.

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These are hard times. If you think oil companies are having a tough time of it, the service companies are in a real bind. This one is holding on by its fingertips. Unless things turn around in the next quarter or 2, they are going to have a real tough time. If we get back into $60 oil, then you are going to see things pick up again. In the meantime, this is a high risk situation. Dividend yield of about 8%.

DON'T BUY
DON'T BUY
October 8, 2015

There will be more consolidation in the sector. Be careful of companies with debt. If we get a recovery in the oil price you will get a lot more drilling.

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There will be more consolidation in the sector. Be careful of companies with debt. If we get a recovery in the oil price you will get a lot more drilling.

COMMENT
COMMENT
September 23, 2015

One of 2 premier drillers in Canada. Believes it will be a survivor and will thrive going forward. He would like to see some stability in the sector. Drillers and service companies are still getting a lot of pressure from the E&P companies to reduce their costs. That means smaller margins for the drillers and a lot of competition. This one has a lot of torque, so when things start to turn up, you might miss the first 10%-15% move in the stock price, but it will have lots of room to go. If you have a five-year time frame, now is probably a time to initiate part of your position.

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Trinidad Drilling Ltd (TDG-T)
September 23, 2015

One of 2 premier drillers in Canada. Believes it will be a survivor and will thrive going forward. He would like to see some stability in the sector. Drillers and service companies are still getting a lot of pressure from the E&P companies to reduce their costs. That means smaller margins for the drillers and a lot of competition. This one has a lot of torque, so when things start to turn up, you might miss the first 10%-15% move in the stock price, but it will have lots of room to go. If you have a five-year time frame, now is probably a time to initiate part of your position.

PAST TOP PICK
PAST TOP PICK
August 10, 2015

(Top Pick Aug 1/14, Down 68.02%) Clearly he was not bearish enough on oil. The drillers looked pretty good back then. When oil dropped off the drillers were hit harder than anyone. He is not adding because the damage is not finished.

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(Top Pick Aug 1/14, Down 68.02%) Clearly he was not bearish enough on oil. The drillers looked pretty good back then. When oil dropped off the drillers were hit harder than anyone. He is not adding because the damage is not finished.

COMMENT
COMMENT
August 5, 2015

Drillers have gotten incredibly cheap running at about 40% of tangible book. At some point down the road, people will start drilling for energy again and these companies, like they always do, bounce back hard the other way. If you are willing to have a long enough view, it is at a very cheap level. It could take a year or 3 months before you see profits. Very difficult to know.

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Drillers have gotten incredibly cheap running at about 40% of tangible book. At some point down the road, people will start drilling for energy again and these companies, like they always do, bounce back hard the other way. If you are willing to have a long enough view, it is at a very cheap level. It could take a year or 3 months before you see profits. Very difficult to know.

BUY
BUY
June 15, 2015

Thinks they did the right thing in their latest acquisition. It should have a positive impact on the stock.

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Thinks they did the right thing in their latest acquisition. It should have a positive impact on the stock.

COMMENT
COMMENT
June 11, 2015

The stock is cheap - 55% of book value. Balance sheet is okay. It has no earnings and that is why it is trading cheap. Unless something is going to change that then he does not know where the earnings are going to come from. Today’s acquisition is a good idea. If it will be accretive in any way then by all means go ahead and buy it.

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The stock is cheap - 55% of book value. Balance sheet is okay. It has no earnings and that is why it is trading cheap. Unless something is going to change that then he does not know where the earnings are going to come from. Today’s acquisition is a good idea. If it will be accretive in any way then by all means go ahead and buy it.

DON'T BUY
DON'T BUY
June 11, 2015

Energy stocks have done tremendously well from January through to May, which is their seasonal strength. This one turned down as soon as May hit. From May through to about August tends to be a weaker period. You can get a seasonal uptick in energy stocks from about August into September, the height of the driving season. For now it is best to stay away from this.

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Energy stocks have done tremendously well from January through to May, which is their seasonal strength. This one turned down as soon as May hit. From May through to about August tends to be a weaker period. You can get a seasonal uptick in energy stocks from about August into September, the height of the driving season. For now it is best to stay away from this.

TOP PICK
TOP PICK
June 8, 2015

He likes land drillers because they outperform coming out of a down market. There is a concern about their debt to cash flow, but it is trading at a really cheap multiple, less than during the financial crisis. He is seeing rigs going back to work. The demand for rigs will start to go back up and people will stop focusing on the debt issues.

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He likes land drillers because they outperform coming out of a down market. There is a concern about their debt to cash flow, but it is trading at a really cheap multiple, less than during the financial crisis. He is seeing rigs going back to work. The demand for rigs will start to go back up and people will stop focusing on the debt issues.

COMMENT
COMMENT
May 7, 2015

There is a whole host of companies in drilling. The difficulty right now is that so many of these companies have crappy balance sheets, because they levered up when times were good. This can be a good sector to invest in, but you have to watch because a lot of the companies have revenues that are going way down, while the debt level is staying the same or going up.

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There is a whole host of companies in drilling. The difficulty right now is that so many of these companies have crappy balance sheets, because they levered up when times were good. This can be a good sector to invest in, but you have to watch because a lot of the companies have revenues that are going way down, while the debt level is staying the same or going up.

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