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 WEAKNESS
BUY WEAKNESS
October 30, 2014

A well managed company with a great balance sheet. They are always looking out for what is coming around the corner. He would be picking away at this.

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A well managed company with a great balance sheet. They are always looking out for what is coming around the corner. He would be picking away at this.

WAIT
WAIT
October 24, 2014

This is one that he is watching. You have to be careful in this environment. Sentiment indicators on oil and gas are crazy low, but that doesn't mean they can't get lower. He is looking for some direction on the oil price, which will definitely play into the thesis on a name like this. A cheap name and a high-quality name.

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This is one that he is watching. You have to be careful in this environment. Sentiment indicators on oil and gas are crazy low, but that doesn't mean they can't get lower. He is looking for some direction on the oil price, which will definitely play into the thesis on a name like this. A cheap name and a high-quality name.

COMMENT
COMMENT
October 22, 2014

This one is super cheap right now, and is actually trading below its Book Value. If he had some certainty that energy prices were going to firm up or at least stay at the current level, he would probably take a look at this.

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This one is super cheap right now, and is actually trading below its Book Value. If he had some certainty that energy prices were going to firm up or at least stay at the current level, he would probably take a look at this.

TOP PICK
TOP PICK
October 21, 2014

Stock has dropped 40%. There was a bit of an earning’s miss last quarter, but it was very explainable as they were in the process of moving some rigs to new locations. They have tremendous growth, especially with their joint venture they have with Halliburton on a global basis for deep rigs. Dividend yield of 2.63%.

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Stock has dropped 40%. There was a bit of an earning’s miss last quarter, but it was very explainable as they were in the process of moving some rigs to new locations. They have tremendous growth, especially with their joint venture they have with Halliburton on a global basis for deep rigs. Dividend yield of 2.63%.

HOLD
HOLD
October 17, 2014

Sold it from his funds yesterday and today. There is nothing specific about the company. There is going to slack in the drilling and pressure pumping businesses. The balance sheet is fine, but the trade is dead at this time.

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Sold it from his funds yesterday and today. There is nothing specific about the company. There is going to slack in the drilling and pressure pumping businesses. The balance sheet is fine, but the trade is dead at this time.

DON'T BUY
DON'T BUY
October 14, 2014

His model price is $12.79, substantially above the current price, however he has had 3 “negative transits” from the $13 level, which is a Sell signal. It needs to find a bottom.

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His model price is $12.79, substantially above the current price, however he has had 3 “negative transits” from the $13 level, which is a Sell signal. It needs to find a bottom.

WAIT
WAIT
October 10, 2014

Drillers have performed quite poorly, and this was even before the major selloff started. This looked really quite expensive in the summer. He is not sure that it has hit bottom yet. The drillers have to stabilize and build a bit of a base here, and he does not see that yet.

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Drillers have performed quite poorly, and this was even before the major selloff started. This looked really quite expensive in the summer. He is not sure that it has hit bottom yet. The drillers have to stabilize and build a bit of a base here, and he does not see that yet.

DON'T BUY
DON'T BUY
October 9, 2014

Don`t catch a falling knife. You don`t know how much damage there will be in the price of crude. Look for companies that are trading well in this environment.

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Don`t catch a falling knife. You don`t know how much damage there will be in the price of crude. Look for companies that are trading well in this environment.

BUY
BUY
October 8, 2014

This is one that he has been taking a serious look at, and has been nibbling away. He also likes Precision Drilling (PD-T). Feels Trinidad has a little bit of an advantage.

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This is one that he has been taking a serious look at, and has been nibbling away. He also likes Precision Drilling (PD-T). Feels Trinidad has a little bit of an advantage.

BUY
BUY
October 7, 2014

Typically the smaller companies in Canada have been pretty quick to respond to a drop in energy prices. Most of them will have some kind of hedging in place to weather a short-term dip in the energy price. This company has quite a few long-term contracts and are well diversified. All their rigs are utilized in the US now, and the returns remain pretty robust for energy companies.

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Typically the smaller companies in Canada have been pretty quick to respond to a drop in energy prices. Most of them will have some kind of hedging in place to weather a short-term dip in the energy price. This company has quite a few long-term contracts and are well diversified. All their rigs are utilized in the US now, and the returns remain pretty robust for energy companies.

WATCH
WATCH
September 30, 2014

It looks like it is breaking down. You want to see higher highs and lower lows. We took out the previous low and this is a danger sign. You want to see a breakout to the upside before you buy this stock.

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Trinidad Drilling Ltd (TDG-T)
September 30, 2014

It looks like it is breaking down. You want to see higher highs and lower lows. We took out the previous low and this is a danger sign. You want to see a breakout to the upside before you buy this stock.

BUY WEAKNESS
BUY WEAKNESS
September 29, 2014

The energy sector looks to be of value right now relative to the other sectors on the TSX. There may be a little more downside. This one is interesting to him and it is a fine company.

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Trinidad Drilling Ltd (TDG-T)
September 29, 2014

The energy sector looks to be of value right now relative to the other sectors on the TSX. There may be a little more downside. This one is interesting to him and it is a fine company.

WEAK BUY
WEAK BUY
September 26, 2014

He is a big fan of oil and gas infrastructure. Great balance sheet. If you compare to PD-T, it has come down as well. He would prefer PD-T however.

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Trinidad Drilling Ltd (TDG-T)
September 26, 2014

He is a big fan of oil and gas infrastructure. Great balance sheet. If you compare to PD-T, it has come down as well. He would prefer PD-T however.

BUY
BUY
September 18, 2014

A good time to get in. There was a disappointment on the most recent earnings. September is a good time to get in at the beginning of the drilling season.

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Trinidad Drilling Ltd (TDG-T)
September 18, 2014

A good time to get in. There was a disappointment on the most recent earnings. September is a good time to get in at the beginning of the drilling season.

BUY
BUY
September 15, 2014

Likes it here. Likes the Halliburton project. He took profits recently, but now they have fallen so he is ready to buy back. Put it away for a while. Their balance sheet is better than it was in the past.

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Trinidad Drilling Ltd (TDG-T)
September 15, 2014

Likes it here. Likes the Halliburton project. He took profits recently, but now they have fallen so he is ready to buy back. Put it away for a while. Their balance sheet is better than it was in the past.

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