RE: What's up I second that , Trican has a current P/E of 8 and soon to be 6. With there expanding growth they are soon to have 1/1 sales ratio. Sales the same as there market cap. Current analyst mean is $27/share with a high analyst of $40 .
I hope after there earnings this month we see it break out of this 16-17 range . There is no way it can be held down for much longer . Risk vs reward is very good on this stock . It can't go much lower . They are only a few base points over there 52 week low . With so many other companies breaking new 52 week highs and stretching there valuations . Investors will realize the Value of TCW
I know part of the reason the Frac companies are being held is the controversy around it . Fracing is not going to go away . Might be some new regulations to follow but it won't be fully banned . Oil Fracing is hundreds of feet below the water table . But I am sure everyone is aware of this . Gasland that showed flames from kitchen sinks . Some research will show that is not uncommon in areas where there has never been any fracing .
Buy stocks when everyone else doesn't want them . This is a long term hold for me , how ever long it takes , this stock will come around .