Trican Well Service Ltd T.TCW

Why so much Resistance @ $4?

[Guy5354]

Does anyone have information or an opinion as to why there is so much resistance @$4? Volume has been good and oil prices are up along with overall positive sentiment but TCW can't seem to break the $4 barrier. Although the 4th quarter results will be impacted by holiday slow down or severely cold weather I expect the year end report to be positive. I have been patient for years waiting for Trican to show it's true intrinsic value but my patience is being severely tested right now.

[MrAlberta]

Compare to the P/E ratio of other O&G service companies right now - TCW still feels like more of survival mode instead of thriving mode. Lots of O&G companies are saying things like Birchcliff yesterday which is basically like, "yeah we're not going to go chasing new wells unless we really feel like it...otherwise we'll just give money to shareholders" (hence their

[firstworld]

TCW and many other Canadian companies still heavily subsidized through a myriad of soviet style schemes.....the PE is a joke for a company with antique fleet with customers buried in debt.

[Tradestay]

Most oil amd gas companies major focus are shareholders return and a small growth wedge. This simply means TCW business will improve and sustained but not declined in these oil environment. As per companies  wing in debt most are projected be ne debt free in 2023 into 2024 or hit their debt targets.  As well trans mountain completion will only I prove WCS.  I am Impressed with TCW

[firstworld]

Pri e is very low with all the buybacks its just manipulation once the buybacks stop look for 1.80 especially sin e all foreign caputial except snow washers have blacklisted filthy  canadian oil thanks to tailings ponds, 100s thousanfs abandoned wells and horrific qty of fresh water used in fracs. The massive Canadian wekfare yrain is still running though.....

[Tradestay]

TCW bought back just over 30% of shares in the asg 5 years. They have only achieved debt free status in 2 of those five years in Q2 2020. There FCF is at its highest in a few years. Then why will they stop the buyback now?  This is the period they will ramp it up, they bought shares in Nov and Dec 2022 and wr will soon see how many was bought in Jan 23.  This has been on my watch list

[firstworld]

The fact the price is so low after 30% buyback tells the whole story..its really a $1.30 share.