Canyon Services Group

FRC-T

0.00
0.00 (0.00%)
This company is not ACTIVE.

Analysis and Opinions about FRC-T

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
November 15, 2017

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

Show full opinionHide full opinion

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

TOP PICK
TOP PICK
October 7, 2016

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.

Show full opinionHide full opinion

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.

COMMENT
COMMENT
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.

Show full opinionHide full opinion

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.

COMMENT
COMMENT
August 25, 2015

(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.

Show full opinionHide full opinion

(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.

DON'T BUY
DON'T BUY
April 21, 2015

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.

Show full opinionHide full opinion

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.

COMMENT
COMMENT
January 9, 2015

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.

Show full opinionHide full opinion

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.

COMMENT
COMMENT
January 6, 2015

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.

Show full opinionHide full opinion

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.

PAST TOP PICK
PAST TOP PICK
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.

Show full opinionHide full opinion

(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.

HOLD
HOLD
October 2, 2014

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.

Show full opinionHide full opinion

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.

HOLD
HOLD
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.

Show full opinionHide full opinion
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.

WAIT
WAIT
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.

Show full opinionHide full opinion
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.

COMMENT
COMMENT
August 25, 2014

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).

Show full opinionHide full opinion

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).

PAST TOP PICK
PAST TOP PICK
June 24, 2014

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

Show full opinionHide full opinion

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

STRONG BUY
STRONG BUY
June 16, 2014

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

Show full opinionHide full opinion

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

COMMENT
COMMENT
May 7, 2014

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.

Show full opinionHide full opinion

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.

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 Eric Nuttall on 2017-11-15. 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 analyst 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 $.