Investor’s in Trican need to look at this another way..First, ask yourself if you believe that pipelines are going to be built to get Oil and Gas out of Western Canada in the next few years..sooner the better. That said, do you believe in the sector specifically catering to Western canada is going to recover.?.If not, I advise you to get out of the sector all together..Trican has positioned itself to weather the storm better than most others..so if you have a negative feeling you’re in the wrong place.
Those of us who see opportunity in the sector..just gotta sit tight.
Point is...With the normal course issuer bid moving along...the company is buying those shares back for a song..Sure, kinda tough to swallow as you watch the portfolio drop...but when theae bottle necks are
eliminated and confidence improves we’re going to see a tather dramatic pop..
T2