RE:RE:RE:RE:RE:API looks positive, yet crude oil prices slide overnightI know you aren't short. You've been on this board like I have been since 2015. I would agree there is probably some more pain ahead before it gets better. But we've seen weird things with this from .34 cents doom and gloom to 1.81 two days later after the sale of US ops. I'm not saying that will happen again, but I tend to miss those rides when I sell on the drop. Thats just my luck
Overall, things like buying Canyon hurt Trican sp I believe more then them gaining from it. Yes they are the biggest pressure pumper in Canada, however, there is no market that cares about that at the moment. They diluted the sp so badly and haven't really recieved much extra in ebidta or eps. Buying back 38 million shares after diluting shares by adding 170 some million shares. At the time they still had 250,000 HP of fracing equipment parked of their own they weren't using. Thats partly why Calfrac took off as much as they did and left Trican behind I think. Again just my 2 cents.
I'd definitely be more worried if Trican was down this much and everything else was up, but my whole board is mostly red and Pot is taking the worst hit of all. WEED down 8.5 percent, APH down 8, CBW down 5.7 ACB down 7.68. Being down 2.44 currently with Trican doesn't seem so bad haha