RE:Next weeks earningsMy target stock price for TCW post report is $2.00 I think the financials will be on an uptrend, and hopefully will show a small profit.
The last outlook presented by the company indicated bringing back some crews with minimal additional costs related to that. Ie incremental profit resulting from that. I undertood them to say that the equipment was being maintained and ready to go, so no big refits needed to work. TCW's focus has been on the Montney gas play and the demand and pricing for gas has been good leading me to believe TCW was able to put more of their equipment to work.
The share repurchase program also seemed to be an ongoing priority.
With a great balance sheet, I expect that this company will do well from here.
This company is the largest long position I have in my RRSP