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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (40930)2/9/2018 8:12:59 PM
From: Goose94Read Replies (1) of 202283
 
Trican Well Service (TCW-T) top pick from Eric Nuttall on BNN.ca Market Call Friday Feb 9th @ 1300ET

Trican has been brutalized on concerns about weak spending by natural gas producers, given the horrific backdrop to AECO pricing. We believe much of these spending cuts will be offset by liquids-rich gas drilling, which is based off of condensate pricing. The stock is trading at a FCF yield of 15 per cent to 18 per cent on 2018 and 20 per cent in 2019. Having already bought back over $50 million in stock since late last year, we expect the company to prioritize continued buybacks over fleet activations. Trading at 3.0 to 3.5 times 2018 earnings before interest taxes depreciation and amortization (EBITDA), we see highly compelling value.
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