Post by
Nextlegup on Sep 13, 2023 12:57pm
Sold much of my Trican the last couple days as looking weak.
and rolled it into a few producers in hopes of getting a bigger bang for my buck...
Not sure what Q3 is going to look like for some of these service companies...It's been a nice run, well see how the Q3 numbers look.
Best of luck to all..
Comment by
Welland on Sep 13, 2023 3:23pm
On the contrary, the drop in TCW price is a good opportunity to add some more. With the BRICS countries controlling 50% of the oil and gas production, there will be an increase in drilling by the western world.
Comment by
Nextlegup on Sep 13, 2023 4:04pm
For sure... Trican is well positioned and has a decent balance sheet, but down 5% today on over a million shares volume...I'm guessing some other investors are looking for producers who are more leveraged to the upswing in the price of crude.... GLTA
Comment by
firstworld on Sep 16, 2023 5:05pm
Global minority is shutting down drilling and canceling leases ....look for flat production in Canada selling cheaper than RU oil LOL..