Canyon Services Group | StockChase
68
Canyon Services Group (FRC-T (Dead))

Last Price Recorded: $6.6600 on 2017-06-07

ON STOCKCHASE SINCE Sep 2010

Delisted 2017

oil/gas field services

Canyon Services Group


Signal Opinion Expert

2017-11-15

PAST TOP PICK
Canyon Services Group (FRC-T (Dead))

(A Top Pick Oct 7/16. Up 19%.) This was acquired by Trican.

oil/gas field services
Eric Nuttall

Portfolio Manager, Sprott Assett Management

Price: $6.660
Owned: No

2016-10-07

TOP PICK
Canyon Services Group (FRC-T (Dead))

He made a fortune on fracers and thinks there is still more to go. This is his top pick because of the lack of debt. It is only going to have about $35 million in net debt at the end of this year, because they are rehabilitating some of their equipment. There are signs that pricing is improving in the frac market in Canada. Demand for fracing is increasing much faster than people believe. He is looking for about 35% upside.

oil/gas field services
Eric Nuttall

Portfolio Manager, Sprott Assett Management

Price: $5.620
Owned: Yes

2015-11-11

COMMENT
Canyon Services Group (FRC-T (Dead))

How would you evaluate their Board of Directors, and what impact does corporate governance have on this? It is probably more important for these companies to have a good set of governance aspects, to different parts of diversified type of board with a variety of different experiences, different industries and a good compensation system. This company’s board and management have a fairly large investment of their after-tax dollars in this company.

oil/gas field services
Martin Davies

Portfolio Manager, Brickburn Asset Management

Price: $4.130
Owned: Unknown

2015-08-25

COMMENT
Canyon Services Group (FRC-T (Dead))

(Market Call Minute.) He wouldn’t necessarily buy this, but if he had a gun to his head, he would buy it over the other 2.

oil/gas field services
Eric Nuttall

Portfolio Manager, Sprott Assett Management

Price: $4.250
Owned: Unknown

2015-04-21

DON'T BUY
Canyon Services Group (FRC-T (Dead))

He doesn’t think oil services is the right sector to be focused in. Their margins are all being compressed. They’re cutting jobs and there are more cuts to come.

oil/gas field services
David Burrows

President & Chief Investment Strategist, Barometer Capital Management

Price: $8.200
Owned: Unknown

2015-01-09

COMMENT
Canyon Services Group (FRC-T (Dead))

The energy services sector is probably the sector that is the most susceptible to a decline in commodity prices. You have companies having to cut production budgets. The brunt of it will happen in the 1st quarter of 2015. If production budgets get cut, that means less demand for energy services companies. This is why this stock went from $20-$8. If you are looking at playing a recovery in oil or natural gas, you are probably better off looking at something that is a little bit more stable if you can’t stomach the volatility. This means buy a producer, as they tend to bottom before the commodity price.

oil/gas field services
Andy Nasr

VP & Investment Strategist, Sentry Investments

Price: $7.900
Owned: Yes

2015-01-06

COMMENT
Canyon Services Group (FRC-T (Dead))

This is very specific to the Canadian horizontal drilling, especially on the gas side of things. If we have the financial gas announcement come in on the 1st quarter by Pertronas, it would be a boost to Canadian companies and, therefore, to the fractures as well. Very well-run company and clean balance sheet. One of the top names he would own.

oil/gas field services
Jim Huang

President, T.I.P. Wealth Management

Price: $8.350
Owned: No

2014-11-06

PAST TOP PICK
Canyon Services Group (FRC-T (Dead))

(A Top Pick Feb 20/14. Down 0.99%.) His cost base for this is just a shade over $10. Very well-run company. 4th largest pressure pumping fleet in Canada. They have the heavy horsepower that delivers fluids at high pressure, that break up reservoirs. Something that is very much in demand and growing going forward. Very little debt. 5.5% dividend yield.

oil/gas field services
Mason Granger

Portfolio Manager, Sentry Investments

Price: $10.920
Owned: Yes

2014-10-02

HOLD
Canyon Services Group (FRC-T (Dead))

Longer term you would believe that there would be more wells drilled/fracked.  We are in a down trend right now so it will go down some more.  Their CEO rattled their cage regarding the tax situation on LNG.  This called into question how many wells would be fracked if we don’t get an LNG facility built there.  He would hold and stay the course, riding it out.

oil/gas field services
Ryan Bushell

V. P. & Portfolio Manager, Leon Frazer and Associates

Price: $12.260
Owned: Unknown

2014-09-22

HOLD
Canyon Services Group (FRC-T (Dead))

All Canadian and little debt.  Remaining exposure is North eastern BC and North Western Alberta.  The BC government will finally come out with their tax rules for LNG in October to make Canada complete internationally. 

oil/gas field services
Peter Brieger

Chairman & Chief Executive Officer, GlobeInvestment Capital Management

Price: $13.120
Owned: Unknown

2014-09-17

WAIT
Canyon Services Group (FRC-T (Dead))

His model price is $25.86. This is a small cap energy services company and creates a huge valuation in his calculations. Doesn’t think this is sustainable. Feels that all of these companies are coming back to a reasonable value.

oil/gas field services
Brian Acker, CA

Chief Executive Officer, President and Chief Inves, Acker Finley Inc.

Price: $14.690
Owned: Unknown

2014-08-25

COMMENT
Canyon Services Group (FRC-T (Dead))

The reason for owning this is the promise and hope that we are going to do some LNG exports to Asia, some time in the next decade. This has to be decided, based on what the BC government’s tax policy ultimately is along with other competitive factors. Had looked at this, but missed it. If he were going into the fracing area today, he would be looking at Halliburton (HAL-N).

oil/gas field services
Peter Brieger

Chairman & Chief Executive Officer, GlobeInvestment Capital Management

Price: $16.070
Owned: No

2014-06-24

PAST TOP PICK
Canyon Services Group (FRC-T (Dead))

(Top Pick July 23/13, Up 60.37%) Continues to be quite positive on them and their interest in developing unconventional gas sources.

oil/gas field services
Mason Granger

Portfolio Manager, Sentry Investments

Price: $18.110
Owned: Yes

2014-06-16

STRONG BUY
Canyon Services Group (FRC-T (Dead))

One of 3 large Canadian fracing companies. This is an industry that, over time, is doing nicely.

oil/gas field services
Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $17.520
Owned: Yes

2014-05-07

COMMENT
Canyon Services Group (FRC-T (Dead))

Doesn’t know the company very well, but management has done a great job in terms of growing its earnings. If you are going to own something in the sector, this would be one to own. One of the best management teams in the sector and have a history of growing earnings. Multiples have been fairly low. Expects prices to start increasing in the back half of the year.

oil/gas field services
Peter Imhof

Vice President & Portfolio Manager, AGF Investments Inc

Price: $16.430
Owned: No

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