RE:RE:RE:Calfrac Investor RelationsJVAlberta wrote: EstevanOutsider, What would need to change for you in order to buy stock in Calfrac. A risk discount is already priced into this stock at this market cap. Their global leverage in Canada, the USA, and Argentina is attractive in the current O&G climate.
Maybe they sell off a division and change management around and this stock would fly ? At this point, they could do anything positive and the share price would increase. Why not buy some as a darkhorse play and see what happens. No way SP is going any lower.
Not sure really. I'd need to have a positive view of the management/company which I don't. I perceive the management as in it for themselves and willing to put themselves first over employees or shareholders.
I don't wan't exposure to Argentina or Russia.
I think the risk is Calfrac continues to lose money or unable to pay their loans. My understanding is much of their fleet is "cold stacked" and requires costly reactivations. Their equipment is also not the latest frac tect like STEP or Trican, both of whom offer Tier 4 and mostly duel fuel.
Calfrac is loaded with Tier 2 diesel.
I watch Calfrac because I am a STEP shareholder with a large position.
Nothing against the company personally but it sounds like a sinking ship.
Maybe one day my views will change.