Trican Well Service Ltd T.TCW

Been a long time since $4

[marcrobert]

About 4 years, sure its 9x since march 2020 but smaller oil cos are 20-30x. Its frustrating this one is like molasses uphill in winter. what price would you sell at? 4, 5$ my cost on some of my shares almost 4, been a long hard road back but im nervous. the lag with crude price seems long here, nutall got rid of his shares i guess...

[Volkomm]

Services are a 2023 play imo. Companies are drawing down DUC's right now and drilling rigs, while slowly increasing, ar e not quite where they need to be for these service companies to be firing on all cylinders.  Stay tuned as those DUCs are wiped out and companies have to start drilling just to maintain declines. 

[firstworld]

Thousands of holes awaiting completion and production no market access for gas with no new pipeline and no new deep water LNG everything is stalled Meanwhile the Russian built a $30B already in deep arctic and another $30B trains in the works not to mention nuclear power ice breaking LNG ship and ice breakers. Canada might have one 2 BN LNG terminal done by 2027 LOL. TCW is just welfare cash

[MrAlberta]

Agree w/ Volkomm, services are a longer term play. Here's why: Producers are going to pour the first batches of easy money into reinstating dividends, increasing dividends, and special dividends (already happening). Then they will use excess cash to pay down debt and do share buybacks (again already happening). In the meanimte, the world has been consuming ~2M bbls more oil per day than it has

[marcrobert]

wow 3-4 years. good luck i wont be in these stocks in a year lket alone 4, wont make the same mistake again, but you go ahead,.and i wont trade this one,. goes up slowly and falls fast over and over. 

[Canadabest]

you know what's stalled...AOI haha   I'm enjoying your constant pumping over there with zero gains  

[firstworld]

LOL up 22% on AOI in two weeks after bough another 100K shares.....that only think stalled is Canadian democracy that never really existed, shipments at the AB border, and Transmountain welfare project that's balooned from $7.4B to $17B cost in three years hahaha In the same time Russia built 1200 KM off deep sea gas pipeline through multiple countries, on a sea bed littered with defective

[firstworld]

AOI up 18 % today alone! The Namibia offshore is a mega find!! Global market access right from production field and cash hungry Namibian govt!

[Lupuslupus]

The energy sector is early in the cycle, and services companies generally benefit nearing halfway and on in the cycle, when the cash flows have been coming in and the desire to increase production seems to be the natural next step in the cycle. TCW holders need to be a little more patient as th cycle continues and will no doubt be rewarded probably toward the end of this year IMO

[marcrobert]

widespread view is that shareholders want return of capital from this boon of cash flow not capex after years of pain. with that thesis in mind, it does not sound like huge spending on services is popular. also nutall said in december he want in tcw because canada only and he fears a race to the bottom to gain market share among canada companies. this doesnt sound like a fantastic setup and