TSX:TCW - Post Discussion
Post by
JTDOUBLE on Jan 31, 2023 12:22pm
NB came out with report on Oil services!!
10:19 AM EST, 01/31/2023 (MT Newswires) -- National Bank of Canada said Monday that the fourth-quarter 2022 results of oilfield services majors continued to reflect an expanding value proposition, where moderating rate of change and growth is yielding to an optimized and inclining return environment.
The bank said this remains on-trend with its thesis for the domestic peers, where activity growth should similarly moderate. But a rebased top line with disproportionate return potential is not currently priced in to sector valuations.
In general, the bank said majors' reporting remains supportive of its 2023 outlook and thesis, with more clarity expected through upcoming reporting of financial results.
The bank mentioned Enerflex Ltd. (EFX.TO), Precision Drilling Corp. (PD.TO), Pason Systems Inc. (PSI.TO) and Trican Well Service Ltd. (TCW.TO) in its note.
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