Is an undervalued Permian producer. Have had some boomer wells in their Balkan play. Should beat their Q2 and raise guidance. Is projecting a $25-$30 stock price. This is only one of the three US stocks he owns now.

Cash flow is being crimped and contraction of demand. Nobody wants to own pressure pumper stocks now. May do well if take a 2 year view. He would have a zero exposure in the US.

One of the better US pumpers with respect to balance sheet. They are generating free cash flow. There is no catalyst to buy this stock. More reasons to own Canadian than any US pressure pumpers. Would sell this and buy Trican.

Trican Well Services (TCW-T) vs. Trinidad Drilling (TDG-T). Trinidad is still going through strategic alternatives. The founder quit suddenly. Trinidad still has a large exposure to the Permian, so this is a detractor. Trican is pure play Canada and should work in its favour. He would take Trican over Trinidad

Trican Well Services (TCW-T) vs. Trinidad Drilling (TDG-T). Trinidad is still going through strategic alternatives. The founder quit suddenly. Trinidad still has a large exposure to the Permian, so this is a detractor. Trican is pure play Canada and should work in its favour. He would take Trican over Trinidad

Is in the penalty box. Has not reliably hit guidance. Until they show they can hit guidance, lack of confidence will remain. He thinks Q2 will be a slight miss. He thinks they should buy back shares.

He is incredibly bullish on oil. Meg offers the highest leverage in cash flow relative to oil price. They are a 100% pure play heavy oil producer. Meg offers massive leverage. Stock is down 16% this week. Sees over 100% upside if $80 oil. (Analysts’ price target is $11.17)