RE:LNG Canada ship arrives in B.C. and gas is looking greatWe are def. on the same page not only on Trican but more importantly the macro story of N. American oil/gas sitch. I added a little bit more this morning as it helped drop my avg down to 2.825-ish. I just find it sad with those who focus on day/ST nonsense.
BTW, tsx.com finallly has the shares outstanding up to date on Trican @ 323.4M. That figure will be below 300M come Nov. and I fully expect a modified dutch auction for 30-50M sometime in Q1 2019.
The dollar store is selling bills @ .50 and yet the day traders are too stupid 2 partake....SAD!
EstevanOutsider wrote: https://twitter.com/lngcanada/status/1031273090150322176
Trican with a gas drilling boom will be worth $20+ again. There is little doubt about it. Demand for light oil will rise if you believe the IMO regulations, all which bodes well for non-oilsands producers like CPG, WCP, VET, TOG.
When considering this project, remember: it is only for exports! 10% of the world's natgas will leave that port, and only exports OUT of Canada. Remember, Canada still has a rising natural gas trend due to new power plants in various provinces, all gas fired.
The U.S. will also have new takeaway capacity for international markets, which will put strain on the North American natural gas supply over the coming years.
All of this bodes extremely well for Trican as the gas industry uses their services and right now, it's an absolute zero source of revenue.
So in a nutshell, you have a view on both natural gas, light oil and Trican (do not buy Calfrac, they are in Texas (capped out for a couple years), Russia, Argentina and will probably go bankrupt or forced into a largescale asset sale!)
Trican and Canada are where it's at.