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Showing 1 to 15 of 68 entries
PAST TOP PICK

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

oil / gas field services
TOP PICK

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
COMMENT

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
COMMENT

(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
DON'T BUY

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
COMMENT

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
COMMENT

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
PAST TOP PICK

(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
HOLD

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
HOLD

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
WAIT

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
COMMENT

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
PAST TOP PICK

(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
STRONG BUY

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

oil / gas field services
COMMENT

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
Showing 1 to 15 of 68 entries

Canyon Services Group(FRC-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Canyon Services Group is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Canyon Services Group(FRC-T) Frequently Asked Questions

What is Canyon Services Group stock symbol?

Canyon Services Group is a OTC stock, trading under the symbol FRC-T on the (). It is usually referred to as or FRC-T

Is Canyon Services Group a buy or a sell?

In the last year, there was no coverage of Canyon Services Group published on Stockchase.

Is Canyon Services Group a good investment or a top pick?

Canyon Services Group was recommended as a Top Pick by on . Read the latest stock experts ratings for Canyon Services Group.

Why is Canyon Services Group stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Canyon Services Group worth watching?

0 stock analysts on Stockchase covered Canyon Services Group In the last year. It is a trending stock that is worth watching.

What is Canyon Services Group stock price?

On , Canyon Services Group (FRC-T) stock closed at a price of $.