RE:RE:RE:RE:RE:Does this make sense? 24 month highEstevanOutsider wrote: Great post 5to10hold but I just want to add, I think we could see a strong pull on liquids activity later into 2021, Q3 and Q4 could easily outperform at the status quo which will put a huge pull on Trican's service lines which are equipped to deal with the Montney especially.
I don't think it's far fetched to say we could see $5 late in 2021.
Of course, everything depends on sentiment.
For those dreaming of double digits, yeah, a few years seems about right.
My personal target is $5 which is easily doable with the buybacks and netcash status.
Let's not forget, the addition of Canyon Tech's service line has never been fully realized in a bull market either.
There is also the question of who will be left standing when the downturn is over, some suggest trican will be one of the only ones.. less cometition won't hurt pricing .