Trican Well Service Ltd T.TCW

Raymond James. C$2.30 PT

[marcrobert]

Trican Well Service Ltd. (TCW.TO)'s strong-buy rating reiterated at Raymond James. C$2.30 PT. According to this site, they raised the target from 1.20-2.30 today.

https://www.marketbeat.com/stocks/TSE/TCW/price-target/

[marcrobert]

glad to see it, now im only -44%, but the oil market is way ahead of itself, gonna be one hell of a hangover in oil and stox from current strospheric valuations when people see what real demand is over next 12 months despite us stimulus euphoria. oil contracts months out much lower and oil analyst on cnbc commented there's 12 months of oil inventory sitting around in storage so doesn't

[Mtklip]

i disagree. The oil supply is controlled and the Saudis signalled they want to maintain these prices more or less. If they stay the course, the valuations are very attractive.

[glock]

agreed... not to mention oil is the economic engine of the financials. Banks need prices mid 4's by May

[itsalie]

Ride the wave until it breaks.. look at pot stocks. everyone knew that would come crashing down.. but not until it made millions for those that got in early.. just keep moving your stop loss higher and ride it out.. easy play

[EstevanOutsider]

Markets are forward looking. For Trican to be setting new 52-week highs after two of the worst quarters of OFS history tells you where smart money thinks oil and gas are going. Don't forget, JKM LNG prics were at an all-time low only 6-months ago while today they are at an all time high and Asia can't get enough natural gas. That is the consequence of lower prices for too long. All the

[Nikm10]

ya im waiting till about $8-$9 to sell

[Coopsvw92]

Do you really think that is realistic and if so time horizon? I hope you are correct!!

[HugeCrane]

Just be patient. There is going to be fluctuations in price. There always will be. If you're the kind of person that gets emotional when prices fluctuate then go get a  financial adviser and let them grow your money by %5 or %10 or whatever the average rate of return is.  If you have the stomach to handle fluctuations and stick to your guns when the charts get a little sideways

[Nikm10]

Youre dead on hugecrane. I mean look at whats happening with LNG right meow, $39/GJ was one load sold by trafigura.... TCW is the first step in supplying that gas to those countries only 3 short years from now. I work up north for a large O&G that owns a stake in the LNG plant they are building out west and we currently do not have the gas to fill both new plants we just built, our drilling

[firstworld]

Biggest customer China not buying because Russia is their supplier by pipeline and Transmountian and terminals so far away from completion it's a complete joke. USA has built out USD$300 BN in LNG export infrastructure so desperate to dump it on global markets they are on the verge of militarizing the sale process. Qatar just ordered 60 LNG tankers. Only Canadians stupid or niave enough to

[HugeCrane]

Sooo everyone else (especially the Russians with their pipelines) is so good and cheap at supplying China with natural gas that the Chinese are burning an extra 1 million barrels of diesel a day just to keep the lights on. Look it up, true story.  You don't need to worry about competing with other countries when there is shortages around the world, let alone China.  A good chunk of

[Nayboring]

Firstworld is just a delusional Eyore troll.  Never anything insightful or meaningful in any of his posts. Just spewing the same jibberish endlessly.

[HugeCrane]

 I always get excited when firstworld posts because we always hit 52 week highs the next day. 

[firstworld]

These best part of this is that AB now has $500MN in rusty pipe to sell to TCW speculators at 300% markup!

[HugeCrane]

Trican isn't in the pipeline business genius...I wonder what the odds are we hit a 52 week high tomorrow? 

[Coopsvw92]

Probably weakness tomorrow and new highs next week and beyond!!

[firstworld]

LOL and the belief that production and pipelines are disconnected got WCAN oil in the cesspool of incompetency we are in now haha. Global players way too smart for red necks they over built to over supply, depress Canadian price by 50%, trade it across the border for 100% lift in Luxumbourg, sell Canadian assets at multi BN loss to offset profits for years. Unfortunately Canadians always chasing

[HugeCrane]

Nobody on this forum, including myself, has ever said there is a disconnect between pipelines and production. Even the red necks understand the correlation between pipelines and production. However, nobody ever seriously expected every export project would be completed, let alone every pipeline that crosses the Canadian/American border.   We currently have enough export capacity, hence the

[raven16]

Great Info Sugarcane,Just started following Trican and wondering about the connection if any between Trican and calfrac and higher stock price. Some of the research I've done indices that management is doing a great job managing costs and running a barebones budget, so are they still doing a share buyback as I haven't seen much info? I'm reading a lot of info suggesting a $70 barrel in

[Nikm10]

You just found your diamond the rough my friend so heres a short summary: -Ignore everything firstworld says, major troll -Trican is zero debt. -Trican is the market leader in hydraulic fracturing in canada -Trican is the market leader in cementing in canada - Has not cannibalized any equipment and crews ramp up almost immediately - Frac pricing is at around $200-300/HP right now and in 2014 was

[2020oilgamble]

This post has been removed in accordance with Community Policy

[firstworld]

Yeah ignore the fact they are on welfare still with 10-15 yr old fleet that are breaking down continuously and they need two machines ( one back up around the corner and 3 mechanics) to reliably do the job. May be debt free but deferred maint and fleet replacement is a $$150 MN liability at this moment and growing. All foreign capital that has driven 95% of W. Can O&G has left and not coming

[barneyj44]

Anyone interested check out the Trican Presentation instead of Fud our resident short spews: https://www.tricanwellservice.com/investors Existing idle equipment provides opportunity for incremental returns upon a market recovery   • Substantial leverage on existing infrastructure and fixed cost structure upon recovery   • Assets are well-maintained and not scavenged • Can

[raven16]

Hi Barney, Great Info Although I Was Wondering if you know what the short percentage is on trican and who and what is this activist all about in Trican? I'm Thinking of taking a position.Cheers

[barneyj44]

No sorry I don't know the short position. I've been long on this company for awhile now and finally seeing my patience being rewarded. With the consolidation we've seen in the industry Trican should do well during the next cycle.

[HugeCrane]

Dear firstworld. Here is an answer to all your concerns.  -Apparent issues with 10-15 year old equipment breaking down. First off they aren't running 10-15 year old equipment. That is totally false. There has been a big push for these companies to meet tier 4 emissions standards across the entire fleet for the last several years. Tier 4 only came into effect for highway in 2012, so the

[Adonis1411]

They've also got the largest duel-fuel (DGB) fleet in Canada (lower emissions - highly sought after by ESG focused E&Ps to tick the box) and recently have been adding: https://www.linkedin.com/company/trican-well-service-ltd-/ . Conversion to dual-fuel is cheaper than buying new and they're the only ones in Canada with the balance sheet and commitment to this market to pursue it

[raven16]

Hell- If I can stomach BlackBerry fluctuations then this is a walk in the park

[firstworld]

When XL is cancelled I'm sure TCW will be bought out at $4 LOL. Too bad AB will flush another $8 BN down the toilet on top of the $30 BN plus in last five years aimed at keeping all the rednecks in coke, strippers & boats, F 250s and poverty porn vacations. Should have spent that on being friends with China so they could buy our energy instead all the white racist hillbilly's backed a

[HugeCrane]

...So you have $4 target price? That would still be a pretty decent return from the current price LOL...I mean it wouldn't be a 5 or 10 bagger, but it would buy me some sweet lake front property LOL Once again "our energy" is a global commodity. It doesn't have to ship directly to China. Power prices are hitting all time highs across the world during lockdowns (ie Japan, Europe

[2020oilgamble]

This post has been removed in accordance with Community Policy