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
COMMENT
COMMENT
November 6, 2009
Driller. Recently announced positive results. There are others in the service sector that he likes better. Well managed. Drilling is pretty flat right now.
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Driller. Recently announced positive results. There are others in the service sector that he likes better. Well managed. Drilling is pretty flat right now.
BUY WEAKNESS
BUY WEAKNESS
October 30, 2009
Going to survive. All the drillers are going through rough times. This one has the most up-to-date, modern fleet. Will be up and running on the next up cycle. 2.8% yield. Try to buy at $6.50 or closer to $6.
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Going to survive. All the drillers are going through rough times. This one has the most up-to-date, modern fleet. Will be up and running on the next up cycle. 2.8% yield. Try to buy at $6.50 or closer to $6.
DON'T BUY
DON'T BUY
September 28, 2009
Drillers have done reasonably well lately, which is surprising because all the fundamentals of natural gas are pretty poor for drillers. This one has a complex suite in that it can go deeper as well as to directional drilling. Has a reasonably high level of debt.
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Trinidad Drilling Ltd (TDG-T)
September 28, 2009
Drillers have done reasonably well lately, which is surprising because all the fundamentals of natural gas are pretty poor for drillers. This one has a complex suite in that it can go deeper as well as to directional drilling. Has a reasonably high level of debt.
PAST TOP PICK
PAST TOP PICK
September 23, 2009
(A Top Pick Sept 26/08. Down 28.59%.)
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Trinidad Drilling Ltd (TDG-T)
September 23, 2009
(A Top Pick Sept 26/08. Down 28.59%.)
DON'T BUY
DON'T BUY
August 11, 2009
This one needs an increase in the number of drilling rigs so oil companies have to start spending more money. Until there is some recovery in natural gas prices he doesn't think this will take place. Well managed company.
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This one needs an increase in the number of drilling rigs so oil companies have to start spending more money. Until there is some recovery in natural gas prices he doesn't think this will take place. Well managed company.
BUY
BUY
June 5, 2009
Just did a new issue because their balance sheet was pretty offside. They have moved a lot of their rigs down to Texas and they have the kind that shale drilling requires. Their contracts look good.
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Just did a new issue because their balance sheet was pretty offside. They have moved a lot of their rigs down to Texas and they have the kind that shale drilling requires. Their contracts look good.
BUY
BUY
April 24, 2009
(Market Call Minute) Cycle for oil stocks has turned.
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(Market Call Minute) Cycle for oil stocks has turned.
DON'T BUY
DON'T BUY
April 6, 2009
Utilization of the drilling industry is down to very low levels. Stock will languish until there is a recovery in gas prices. Will be a survivor.
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Utilization of the drilling industry is down to very low levels. Stock will languish until there is a recovery in gas prices. Will be a survivor.
HOLD
HOLD
April 2, 2009
Drilling component of the energy sector has under performed everything else. There will still be 2 quarters of really horrible earnings, cash flows, etc. Too late to sell any of these stocks but there is no rush.
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Drilling component of the energy sector has under performed everything else. There will still be 2 quarters of really horrible earnings, cash flows, etc. Too late to sell any of these stocks but there is no rush.
DON'T BUY
DON'T BUY
March 9, 2009
All the drilling companies have been pounded down. There have been huge Cap X cuts. Until there is some pickup in the price of oil/gas they are looking at some pretty thin days. This company has a fair amount of debt.
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All the drilling companies have been pounded down. There have been huge Cap X cuts. Until there is some pickup in the price of oil/gas they are looking at some pretty thin days. This company has a fair amount of debt.
HOLD
HOLD
January 23, 2009
18% dividend is telling you that it will probably be cut. Already baked into the price of the stock. Big cutbacks in CapX in the oil patch, which means a lot less drilling. Have a lot of newer rigs. Getting some good contracts in the US because of their deep drilling. Good future.
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18% dividend is telling you that it will probably be cut. Already baked into the price of the stock. Big cutbacks in CapX in the oil patch, which means a lot less drilling. Have a lot of newer rigs. Getting some good contracts in the US because of their deep drilling. Good future.
DON'T BUY
DON'T BUY
December 3, 2008
If you want to play a driller, he would prefer Precision Drilling (PD.UN-T), which is trading at about a 50% haircut to its replacement value for its rigs. 13% dividend, which may be iffy.
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If you want to play a driller, he would prefer Precision Drilling (PD.UN-T), which is trading at about a 50% haircut to its replacement value for its rigs. 13% dividend, which may be iffy.
BUY
BUY
October 31, 2008
(Market Call Minute.) Good stock and could yield.
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(Market Call Minute.) Good stock and could yield.
TOP PICK
TOP PICK
September 26, 2008
Drilling and servicing companies have taken a beating but are having a very good year so far. This one has moved half of its rigs into the US. More than half of their revenue will be coming from the US. New fleet of drilling rigs. 6% yield.
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Trinidad Drilling Ltd (TDG-T)
September 26, 2008
Drilling and servicing companies have taken a beating but are having a very good year so far. This one has moved half of its rigs into the US. More than half of their revenue will be coming from the US. New fleet of drilling rigs. 6% yield.
COMMENT
COMMENT
August 7, 2008
Major driller in Western Canada. Made a series of acquisitions in the US so have become more international. Converted from a trust into a corporate structure allowing them to be more aggressive in acquisitions in the US.
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Major driller in Western Canada. Made a series of acquisitions in the US so have become more international. Converted from a trust into a corporate structure allowing them to be more aggressive in acquisitions in the US.
Ben Cheng

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Price
$13.590
Owned
Unknown
COMMENT
COMMENT
June 26, 2008
Longer term prospects for a company like this look fairly positive. Dividend looks fairly secure. He is looking at this one.
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Longer term prospects for a company like this look fairly positive. Dividend looks fairly secure. He is looking at this one.
COMMENT
COMMENT
June 16, 2008
Good, but not great. A Hold, maybe even a Sell. Where the world is going, you need to offer a technological solution to get a premium valuation in a service area. Fairly highly indebted.
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Good, but not great. A Hold, maybe even a Sell. Where the world is going, you need to offer a technological solution to get a premium valuation in a service area. Fairly highly indebted.
BUY
BUY
May 22, 2008
Seasonality is not playing out this year so there is a trend in place. Strong demand for rigs. Could be in an elongated cycle
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Seasonality is not playing out this year so there is a trend in place. Strong demand for rigs. Could be in an elongated cycle
COMMENT
COMMENT
April 16, 2008
Was an income trust and is forging a new path in converting back to a corporation. Thinks this was a good move.
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Was an income trust and is forging a new path in converting back to a corporation. Thinks this was a good move.
Ben Cheng

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Price
$13.240
Owned
Unknown
Showing 121 to 139 of 139 entries