RE:RE:Why so much Resistance @ $4?TCW and many other Canadian companies still heavily subsidized through a myriad of soviet style schemes.....the PE is a joke for a company with antique fleet with customers buried in debt.
MrAlberta wrote: Compare to the P/E ratio of other O&G service companies right now - TCW still feels like more of survival mode instead of thriving mode. Lots of O&G companies are saying things like Birchcliff yesterday which is basically like, "yeah we're not going to go chasing new wells unless we really feel like it...otherwise we'll just give money to shareholders" (hence their massive div hike yesterday). I think that sentiment is resulting in lower drilling activity in the short term. Inflation has to be a factor for everyone too when doing contracts. We're always one oil shortage away from the next boom right?