Post by
Guy5354 on Jan 20, 2023 1:15pm
Why so much Resistance @ $4?
Does anyone have information or an opinion as to why there is so much resistance @$4? Volume has been good and oil prices are up along with overall positive sentiment but TCW can't seem to break the $4 barrier. Although the 4th quarter results will be impacted by holiday slow down or severely cold weather I expect the year end report to be positive. I have been patient for years waiting for Trican to show it's true intrinsic value but my patience is being severely tested right now.
Comment by
firstworld on Jan 31, 2023 1:08am
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.
Comment by
firstworld on Jan 31, 2023 6:12pm
Pri e is very low with all the buybacks its just manipulation once the buybacks stop look for 1.80 especially sin e all foreign caputial except snow washers have blacklisted filthy canadian oil thanks to tailings ponds, 100s thousanfs abandoned wells and horrific qty of fresh water used in fracs. The massive Canadian wekfare yrain is still running though.....
Comment by
firstworld on Feb 01, 2023 8:19am
The fact the price is so low after 30% buyback tells the whole story..its really a $1.30 share.