Trican Well Service Ltd T.TCW

At 4.15 yield is above 4% dividend

[Tradestay]

The continuing share buyback increases total return yield. Buying at these prices gives over 4% and that should increase annually. Every 10% buy back in share counts equals approximatelyTTwky $3.5M less dividend to pay. That means rough 700K shares off the market at $5 price that the cash can be used for. 

The catalyst is will demand for service stay and the truth is oil demand will be with us for a while, personally the next decade is still strong

[BigWillie]

only makes sense on large enough time scale

[firstworld]

terrible div can earn 14-17% paid mthly on ENCC and ENCL.   Not worth holding I dumped TCW at 4 a long time ago

[MrAlberta]

ENCC and ENCL are illiquid as hell. ENCC pays out money every month, but the long term share price is a long, downhill slide so how much of the dividends is just your own capital loss later? No thanks.

[firstworld]

They look illiquid on the surface truth is no one wants to sell much I have dumped 50-100K shares within seconds with asks .02 of last trade price to raise temporary cash for other fleeting opportunities.   Have been able to buy back same. Just stop loss. You can get 8-12% on corp bondds and way more than 4 on municipal bonds. 12% lending to family and friends with liquid collateral.

[firstworld]

ENCL and ENCC continues to pay out .29 and .13 monthly like clock fork.  Loving the 17% div and stable SP. 4% divs should get every board fired.