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
BUY
BUY
November 27, 2013

Likes a lot of the drillers and everything that surrounds oil, as opposed to companies that are exploring and producing oil. Imperative that if you are going to buy a driller, they have to have an operation in the US like this one has. Earnings report was really, really good last quarter. Has a real growth profile, they know where they are going and have been around for a long time.

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Likes a lot of the drillers and everything that surrounds oil, as opposed to companies that are exploring and producing oil. Imperative that if you are going to buy a driller, they have to have an operation in the US like this one has. Earnings report was really, really good last quarter. Has a real growth profile, they know where they are going and have been around for a long time.

BUY
BUY
October 16, 2013

Middle of the pack for him. Will continue to do well. They are good at what they do, specialty drilling. They are needing more specialty drilling to get the gas that is there. Will go higher over the next 12 months.

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Middle of the pack for him. Will continue to do well. They are good at what they do, specialty drilling. They are needing more specialty drilling to get the gas that is there. Will go higher over the next 12 months.

TOP PICK
TOP PICK
October 8, 2013

Rigs in be moved from one area to another. As much as 60% of the contracts are long-term “take or pay” and are positioned in high demand areas. Recently entered Saudi Arabia on a joint venture.

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Rigs in be moved from one area to another. As much as 60% of the contracts are long-term “take or pay” and are positioned in high demand areas. Recently entered Saudi Arabia on a joint venture.

TOP PICK
TOP PICK
September 13, 2013

Has gone through a very heavy equipment build out in the last few years which is coming close to an end. Generating free cash flow and 2014 is going to be better. The new joint venture with Halliburton (HAL-N) will allow them to get into the global space. Now have contracts for Mexico and gives them opportunity to get into Saudi Arabia. Yield of 2% and feels there is a lot of room to increase distributions in the next 2 years.

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Trinidad Drilling Ltd (TDG-T)
September 13, 2013

Has gone through a very heavy equipment build out in the last few years which is coming close to an end. Generating free cash flow and 2014 is going to be better. The new joint venture with Halliburton (HAL-N) will allow them to get into the global space. Now have contracts for Mexico and gives them opportunity to get into Saudi Arabia. Yield of 2% and feels there is a lot of room to increase distributions in the next 2 years.

COMMENT
COMMENT
September 11, 2013

Had an announcement of a deal with Halliburton (HAL-N) lately and the stock popped a little. It is now a little bit higher risk because of that. Although he owns a little bit of this, he would prefer Essential Energy (ESN-T) that has a yield of about 4%.

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Trinidad Drilling Ltd (TDG-T)
September 11, 2013

Had an announcement of a deal with Halliburton (HAL-N) lately and the stock popped a little. It is now a little bit higher risk because of that. Although he owns a little bit of this, he would prefer Essential Energy (ESN-T) that has a yield of about 4%.

BUY
BUY
June 21, 2013

(Market Call Minute.) There is a lot of activity going on in the Western Canadian basin with all the drilling, delineation that is going on for the LNG project as well as deep wells. Feels utilization capacity will increase.

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(Market Call Minute.) There is a lot of activity going on in the Western Canadian basin with all the drilling, delineation that is going on for the LNG project as well as deep wells. Feels utilization capacity will increase.

HOLD
HOLD
March 4, 2013

(Market Call Minute.) One of the best of the drillers but he doesn’t think drilling is the place to be.

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(Market Call Minute.) One of the best of the drillers but he doesn’t think drilling is the place to be.

WEAK BUY
WEAK BUY
October 3, 2012

Good solid company but not his pick of the oil and gas sector. It is in a period of seasonal strength and he thinks it will go higher and will do well until January or February.

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Good solid company but not his pick of the oil and gas sector. It is in a period of seasonal strength and he thinks it will go higher and will do well until January or February.

BUY
BUY
June 11, 2012
(Market Call Minute.) Stock has come down significantly. Commodity prices have probably based. Valuation is attractive here.
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(Market Call Minute.) Stock has come down significantly. Commodity prices have probably based. Valuation is attractive here.
WATCH
WATCH
May 30, 2012
Likes the sector. He has owned this one and thinks it is a good company. It is not hard to imagine they may go lower, but it’s hard to think they are not pretty good value at these levels. He would wait until it starts to go up. Prefers CFW-T as a drilling player in Canada.
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Likes the sector. He has owned this one and thinks it is a good company. It is not hard to imagine they may go lower, but it’s hard to think they are not pretty good value at these levels. He would wait until it starts to go up. Prefers CFW-T as a drilling player in Canada.
COMMENT
COMMENT
April 5, 2012
(Market Call Minute.) Cheap but they get a lot cheaper.
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(Market Call Minute.) Cheap but they get a lot cheaper.
DON'T BUY
DON'T BUY
March 27, 2012
One of the larger public drilling companies in the Canadian market. Prefers PD-T. Trinidad has had some good markets and day rates are improving, but he likes the markets that PD is in better.
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One of the larger public drilling companies in the Canadian market. Prefers PD-T. Trinidad has had some good markets and day rates are improving, but he likes the markets that PD is in better.
HOLD
HOLD
March 2, 2012
This is the time of year when Canadian oil service companies do very well, from the middle of February until the end of May. Chart is showing some good action. Wants to go higher on a seasonal basis. If it breaks through the resistance level of around $8.40, you are off to the races.
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This is the time of year when Canadian oil service companies do very well, from the middle of February until the end of May. Chart is showing some good action. Wants to go higher on a seasonal basis. If it breaks through the resistance level of around $8.40, you are off to the races.
HOLD
HOLD
February 9, 2012
Likes the whole drilling space and sees it as a sustained period of activity. Would continue to Hold as long as you are seeing oil prices about $90.
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Likes the whole drilling space and sees it as a sustained period of activity. Would continue to Hold as long as you are seeing oil prices about $90.
HOLD
HOLD
February 6, 2012
Gas prices are down but they have good drills and are busy. Has never seen drilling companies’ valuations cheaper. They are running full out and day rates are high. Utilization is high. Dirt cheap.
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Gas prices are down but they have good drills and are busy. Has never seen drilling companies’ valuations cheaper. They are running full out and day rates are high. Utilization is high. Dirt cheap.
HOLD
HOLD
January 27, 2012
Sector got frightened by the massive drop in natural gas and then there was the announcement by companies that they were going to reduce production. Chart is now showing a higher low. You should be okay with this.
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Sector got frightened by the massive drop in natural gas and then there was the announcement by companies that they were going to reduce production. Chart is now showing a higher low. You should be okay with this.
BUY
BUY
November 8, 2011
Seasonally, this is a good time to enter drilling and oil service stocks. You exit late Q1 or early Q2. Valuation is pretty well in line but debt is higher than normal. Pays a pretty good distribution.
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Seasonally, this is a good time to enter drilling and oil service stocks. You exit late Q1 or early Q2. Valuation is pretty well in line but debt is higher than normal. Pays a pretty good distribution.
BUY WEAKNESS
BUY WEAKNESS
October 28, 2011
Pretty descent move off the bottom. When you talk to drilling companies they have never seen conditions better. He is not adding here but holds a descent position.
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Pretty descent move off the bottom. When you talk to drilling companies they have never seen conditions better. He is not adding here but holds a descent position.
BUY
BUY
September 21, 2011
North American drillers? He would suggest 2. Precision Drilling (PD-T) and Trinidad (TDG-T). Both have moved a significant number of ratings down into the US in the last 2 years. This one is a little more highly levered so has been hurt more but has more potential upside when things start moving again.
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Trinidad Drilling Ltd (TDG-T)
September 21, 2011
North American drillers? He would suggest 2. Precision Drilling (PD-T) and Trinidad (TDG-T). Both have moved a significant number of ratings down into the US in the last 2 years. This one is a little more highly levered so has been hurt more but has more potential upside when things start moving again.
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Price
$6.100
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
July 21, 2011
(A Top Pick July 27/10. Up 89.26%.)
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(A Top Pick July 27/10. Up 89.26%.)
DON'T BUY
DON'T BUY
April 21, 2011
Looks there is some resistance at the last low before the high. They’ve performed very well. Have both a domestic and international operation. He is not as positive on oil as he is on some of the other commodities. Fairly valued.
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Looks there is some resistance at the last low before the high. They’ve performed very well. Have both a domestic and international operation. He is not as positive on oil as he is on some of the other commodities. Fairly valued.
BUY WEAKNESS
BUY WEAKNESS
April 14, 2011
All the drillers have done very well. Part of it is the horizontal drilling in the Bakken, Monte, Cardium or Encana plays. Lots of activity going on internationally too. Service industries are ones you want to own in your portfolio. Very well run company.
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All the drillers have done very well. Part of it is the horizontal drilling in the Bakken, Monte, Cardium or Encana plays. Lots of activity going on internationally too. Service industries are ones you want to own in your portfolio. Very well run company.
BUY WEAKNESS
BUY WEAKNESS
March 15, 2011
Oil and gas companies have done very well over the last year. Have recently pulled back. This one is the biggy in the group and has rolled over. PE is 17 times against this years earnings. Thinks there is a pretty good opportunity for the next couple of years.
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Oil and gas companies have done very well over the last year. Have recently pulled back. This one is the biggy in the group and has rolled over. PE is 17 times against this years earnings. Thinks there is a pretty good opportunity for the next couple of years.
COMMENT
COMMENT
February 17, 2011

Caller Buys options about $1 out about 2 months out and been getting 5 baggers. Comments? Derek is always a seller of options because most options expire worthless. This is a good example of how successful Buying them can be if you get it right. If it goes wrong though you can lose a lot so keep your bets small.

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Caller Buys options about $1 out about 2 months out and been getting 5 baggers. Comments? Derek is always a seller of options because most options expire worthless. This is a good example of how successful Buying them can be if you get it right. If it goes wrong though you can lose a lot so keep your bets small.

HOLD
HOLD
December 21, 2010
High beta oil stock. Descent yield of about 3%. Did refinancing recently. Great drillers. Seen other cut back on drilling because costs are getting out of control.
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High beta oil stock. Descent yield of about 3%. Did refinancing recently. Great drillers. Seen other cut back on drilling because costs are getting out of control.
BUY
BUY
November 26, 2010
Relatively high level of debt has put them in the penalty box. Thinks their growth will come from day rate. Well positioned going into 2011. Have a good fleet and are able to deep drilling, which is where the world is going.
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Relatively high level of debt has put them in the penalty box. Thinks their growth will come from day rate. Well positioned going into 2011. Have a good fleet and are able to deep drilling, which is where the world is going.
TOP PICK
TOP PICK
July 27, 2010
They are quite technologically advanced. Their focus is on deep drilling. This allows them to have large customers with deep pockets and longer-term contracts. Cash flows that they will generate are easier to see. They are land based so the Gulf doesn’t affect them.
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They are quite technologically advanced. Their focus is on deep drilling. This allows them to have large customers with deep pockets and longer-term contracts. Cash flows that they will generate are easier to see. They are land based so the Gulf doesn’t affect them.
BUY
BUY
June 4, 2010
The risk now is pretty minimal.
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The risk now is pretty minimal.
HOLD
HOLD
April 16, 2010
(Market Call Minute.) Has improved over time and he is inching toward a Buy but currently a Hold.
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(Market Call Minute.) Has improved over time and he is inching toward a Buy but currently a Hold.
DON'T BUY
DON'T BUY
December 10, 2009
Need to recovery in gas markets. Until gas gets up in the $6-$7 range, there won't be a big influx of drilling.
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Need to recovery in gas markets. Until gas gets up in the $6-$7 range, there won't be a big influx of drilling.
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