RE: RE: RE: Q3 results Micro, I'd suggest that you get to know this company a little better, if you plan on investing in it.
TCW is very diversified when you compare it to peers. It has operations in australia, russia us and canada. I'd say it's problems are that its not focused enough on canada. Canada is the best market for fracing right now and i expect it will continue to be for some time.
If you took some time to look at the q2 results you'd see that canadian operations outperformed their us operations despite breakup. Guar costs are going to continue to hurt the bottom line in q3 which will be mostly from the states since canada requires much less(I believe)
@ those $15 calls I think they have a chance to get in the money by February, i doubt that it gets above 16, unless we see gas above 5. I'd be looking to sell those if they make any significant money.
I think the buying opportunity comes after a dissapointing q3, which sets up perfectly for a decent q3 and q4 for the fraccers and trican should probably benefit the most compared to the other pure play(almost) fraccers.