RE:TDGYou will never hear TCW mgt say it but they stole Canyon. They did the all stock deal when their shares were around 4.30 cad and have bought back 10% in the high 3's, will buy 70M by early Nov. and likely an accelerated buyback after that.
Analysts and institutional investors have been pushing for additional m+a deals. Many WCSB service co mgt teams know the best job than can get is the one they have. Most have no real strategy outside of praying for higher oil/gas prices. This sector is screaming for deals but will only happen if the lazy institutional equity holders start to turn the screws to mgt.
stockwatcher7 wrote:
Consolidation in the sector is the answer.... When TCW took out Canyon they looked strong as well Fundamental Data - TDG Security Type Equity Shares Issued 273,457,951 Market Cap 412,922,000 Year High 2.11 Year Low 1.33 Annual Earnings/Share -0.33 CAD P/E Ratio -4.58 Annual Dividend/Share 0.00 CAD Annual Dividend Yield 0.00 % Ex-Dividend Date 2015-12-29 Sector 10101020 - Oil & Gas Equipment & Services