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.
Showing 91 to 105 of 139 entries