Canyon Services Group (FRC-T) Stock Predictions - Stockchase
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Canyon Services Group (FRC-T)

ON STOCKCHASE SINCE Sep 2010

Delisted 2017

oil/gas field services

Canyon Services Group

FRC-T

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Canyon Services Group (FRC-T) SAVE Dec, 31, 1969, 7:00 pm

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PAST TOP PICK
Canyon Services Group(FRC-T) 

November 15, 2017

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

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

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Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$6.660
Owned Owned
No

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.

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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.

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Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$5.620
Owned Owned
Yes

COMMENT
Canyon Services Group(FRC-T) 

November 11, 2015

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.

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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.

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Martin Davies

Portfolio , Brickburn Asset Mana...

Price Price
$4.130
Owned Owned
Unknown

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.

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(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.

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Eric Nuttall

Partner & , Ninepoint Partners...

Price Price
$4.250
Owned Owned
Unknown

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.

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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.

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David Burrows

President , Barometer Capital Ma...

Price Price
$8.200
Owned Owned
Unknown

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.

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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.

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Andy Nasr

VP & Inves, Sentry Investments...

Price Price
$7.900
Owned Owned
Yes

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.

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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.

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Jim Huang

President, T.I.P. Wealth Manage...

Price Price
$8.350
Owned Owned
No

PAST TOP PICK
Canyon Services Group(FRC-T) 

November 6, 2014

(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.

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(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.

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Mason Granger

Portfolio , Sentry Investments...

Price Price
$10.920
Owned Owned
Yes

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.

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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.

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Ryan Bushell

President, Newhaven Asset Manag...

Price Price
$12.260
Owned Owned
Unknown

HOLD
Canyon Services Group(FRC-T) 

September 22, 2014

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. 

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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. 

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Peter Brieger

Chairman &, GlobeInvestment Capi...

Price Price
$13.120
Owned Owned
Unknown

WAIT
Canyon Services Group(FRC-T) 

September 17, 2014

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.

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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.

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Brian Acker, CA

Chief Exec, Acker Finley Inc....

Price Price
$14.690
Owned Owned
Unknown

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).

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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).

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Peter Brieger

Chairman &, GlobeInvestment Capi...

Price Price
$16.070
Owned Owned
No

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.

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

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Mason Granger

Portfolio , Sentry Investments...

Price Price
$18.110
Owned Owned
Yes

STRONG BUY

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

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

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Alex Ruus

Portfolio , Arrow Capital Manage...

Price Price
$17.520
Owned Owned
Yes

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.

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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.

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Peter Imhof

Vice Presi, AGF Investments Inc...

Price Price
$16.430
Owned Owned
No

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