RE:What Is With TCW?I am averaging in, the LNG project in northern bc will help all the down and out gas companies. And TCW will be the benifactor. Here is what I trade has to say., target is 6.25
Latest Research (10 May 2018)
OUR TAKE: Unfortunately, patience will be needed to see TCW's operational potential. TCW's fire, weather, logistics, and unexpected producer shut downs, in a way, were the antithesis of the perfect storm witnessed in Q3/17. It's atypical for TCW to underperform its other peers, as TCW has an excellent operational track record in Canada. We see the 1H/18 performance as an opportunity to add or initiate a position in the name. Of note, the difference in TCW expensing (fluid ends in this
$-605 case) versus capitalizing (STEP, CFW, SHLE) puts TCW at a 0.5x to 0.8x multiple -2x disadvantage. SO maintained.