Trican Well Service Ltd T.TCW

Has Nutall run out of things to buy?

[marcrobert]

Maybe he's nibbling away. not so many choices that are't up 500% in a year if fund inflows continue

[EstevanOutsider]

His fund is underperforming OIH ytd. Not good. Losing to a passive OFS fund. He needs to hop on the OFS train and dump the garbage like Gear and ATH, CPG if he wants to win again as top oil fund.

[marcrobert]

what does OIH have to do with it? Ninepoint is a canadian funds, with under 2% exposure to services as of end march (maybe increasing), OIH is US large cap services companies, no producers. Nobody expects ninepoint to perform like OIH - its like comparing ffuji apples to moroccan clementines. But if you look at last 12 months , OIH up 58% last 12 months vs 147% for ninepoint. I expect hedge funds

[EstevanOutsider]

His fund is benchmarked against XEG but he still wants bragging rights as the world's top energy fund. Can't afford to lose to a passive ETF. I think he is adding a few Trican shares but I think he loaded CEU with a 10% position and maybe STEP. He may be reluctant to ride Trican because Rafi's Canoe fund has it as his top holding and that's his main competitor. He will be creative