RE:Hard to go to wrong owning TCW at these pricesI dont see TCW venturing back across the border or anything international. They cant afford to buy Keane or any other mid-size USA fraccer. The valuation compared to CFW or STEP is beyond compelling. You dont often get to buy the industry leader at a major discount to its competition. Mgt says they wont do another deal until Canyon is fuly integrated by the end of Q1. Not many publicly traded options who can move the needle and not saddle the co with a punishing debt load.
NinetyFourOctan wrote:
What a bargain at $4.00/sh and WTI nearing the $65/bbl. TCW has good daily volume as well. P/E at 17.65. Barring an outright crash in oil prices back to $45/bbl, TCW is now a "value stock". If they had room for a dividend as well this would get the attention of some major investors.