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| Comment | 6.820 | Joseph Schachter | (Market Call Minute.) Cheap but they get a lot cheaper. | 2012-04-05 | |
| DON'T BUY | 6.620 | Michael Sprung | One of the larger public drilling companies in the Canadian market. Prefers PD-T. Trinidad has had some good markets and day rates are improving, but he likes the markets that PD is in better. | 2012-03-27 | |
| HOLD | 8.000 | Don Vialoux | This is the time of year when Canadian oil service companies do very well, from the middle of February until the end of May. Chart is showing some good action. Wants to go higher on a seasonal basis. If it breaks through the resistance level of around $8.40, you are off to the races. | 2012-03-02 | |
| HOLD | 7.440 | Michael Decter | Likes the whole drilling space and sees it as a sustained period of activity. Would continue to Hold as long as you are seeing oil prices about $90. | 2012-02-09 | |
| HOLD | 7.220 | John Zechner | Gas prices are down but they have good drills and are busy. Has never seen drilling companies’ valuations cheaper. They are running full out and day rates are high. Utilization is high. Dirt cheap. | 2012-02-06 | |
| HOLD | 6.630 | Bill Carrigan | Sector got frightened by the massive drop in natural gas and then there was the announcement by companies that they were going to reduce production. Chart is now showing a higher low. You should be okay with this. | 2012-01-27 | |
| BUY | 8.440 | Laura Lau | Seasonally, this is a good time to enter drilling and oil service stocks. You exit late Q1 or early Q2. Valuation is pretty well in line but debt is higher than normal. Pays a pretty good distribution. | 2011-11-08 | |
| BUY on WEAKNESS | 8.180 | John Zechner | Pretty descent move off the bottom. When you talk to drilling companies they have never seen conditions better. He is not adding here but holds a descent position. | 2011-10-28 | |
| BUY | 6.100 | Don Lato | North American drillers? He would suggest 2. Precision Drilling (PD-T) and Trinidad (TDG-T). Both have moved a significant number of ratings down into the US in the last 2 years. This one is a little more highly levered so has been hurt more but has more potential upside when things start moving again. | 2011-09-21 | |
| PAST TOP PICK | 10.170 | Andrew Cook | (A Top Pick July 27/10. Up 89.26%.) | 2011-07-21 | |
| DON'T BUY | 10.250 | James Hodgins | Looks there is some resistance at the last low before the high. They’ve performed very well. Have both a domestic and international operation. He is not as positive on oil as he is on some of the other commodities. Fairly valued. | 2011-04-21 | |
| BUY on WEAKNESS | 9.390 | Joseph Schachter | All the drillers have done very well. Part of it is the horizontal drilling in the Bakken, Monte, Cardium or Encana plays. Lots of activity going on internationally too. Service industries are ones you want to own in your portfolio. Very well run company. | 2011-04-14 | |
| BUY on WEAKNESS | 8.230 | Robert McWhirter | Oil and gas companies have done very well over the last year. Have recently pulled back. This one is the biggy in the group and has rolled over. PE is 17 times against this years earnings. Thinks there is a pretty good opportunity for the next couple of years. | 2011-03-15 | |
| Comment | 8.180 | Derek Webb, CFA | Caller Buys options about $1 out about 2 months out and been getting 5 baggers. Comments? Derek is always a seller of options because most options expire worthless. This is a good example of how successful Buying them can be if you get it right. If it goes wrong though you can lose a lot so keep your bets small. | 2011-02-17 | |
| HOLD | 6.490 | Douglas Kee | High beta oil stock. Descent yield of about 3%. Did refinancing recently. Great drillers. Seen other cut back on drilling because costs are getting out of control. | 2010-12-21 | |
| BUY | 5.320 | John Stephenson | Relatively high level of debt has put them in the penalty box. Thinks their growth will come from day rate. Well positioned going into 2011. Have a good fleet and are able to deep drilling, which is where the world is going. | 2010-11-26 | |
| TOP PICK | 5.350 | Andrew Cook | They are quite technologically advanced. Their focus is on deep drilling. This allows them to have large customers with deep pockets and longer-term contracts. Cash flows that they will generate are easier to see. They are land based so the Gulf doesn’t affect them. | 2010-07-27 | |
| BUY | 5.270 | Hap (Robert) Sneddon FCSI | The risk now is pretty minimal. | 2010-06-04 | |
| HOLD | 6.490 | John Stephenson | (Market Call Minute.) Has improved over time and he is inching toward a Buy but currently a Hold. | 2010-04-16 | |
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| DON'T BUY | 6.560 | Rick Stuchberry | Need to recovery in gas markets. Until gas gets up in the $6-$7 range, there won't be a big influx of drilling. | 2009-12-10 | |
| Comment | 6.870 | Glenn MacNeill, P.Eng. | Driller. Recently announced positive results. There are others in the service sector that he likes better. Well managed. Drilling is pretty flat right now. | 2009-11-06 | |
| BUY on WEAKNESS | 7.070 | David Cockfield | Going to survive. All the drillers are going through rough times. This one has the most up-to-date, modern fleet. Will be up and running on the next up cycle. 2.8% yield. Try to buy at $6.50 or closer to $6. | 2009-10-30 | |
| DON'T BUY | 6.750 | John Stephenson | Drillers have done reasonably well lately, which is surprising because all the fundamentals of natural gas are pretty poor for drillers. This one has a complex suite in that it can go deeper as well as to directional drilling. Has a reasonably high level of debt. | 2009-09-28 | |
| PAST TOP PICK | 6.710 | David Cockfield | (A Top Pick Sept 26/08. Down 28.59%.) | 2009-09-23 | |
| DON'T BUY | 4.750 | Glenn MacNeill, P.Eng. | This one needs an increase in the number of drilling rigs so oil companies have to start spending more money. Until there is some recovery in natural gas prices he doesn't think this will take place. Well managed company. | 2009-08-11 | |
| BUY | 5.160 | David Cockfield | Just did a new issue because their balance sheet was pretty offside. They have moved a lot of their rigs down to Texas and they have the kind that shale drilling requires. Their contracts look good. | 2009-06-05 | |
| BUY | 4.850 | Andrew Cook | (Market Call Minute) Cycle for oil stocks has turned. | 2009-04-24 | |
| DON'T BUY | 2.940 | Joseph Schachter | Utilization of the drilling industry is down to very low levels. Stock will languish until there is a recovery in gas prices. Will be a survivor. | 2009-04-06 | |
| HOLD | 2.850 | Veronika Hirsch | Drilling component of the energy sector has under performed everything else. There will still be 2 quarters of really horrible earnings, cash flows, etc. Too late to sell any of these stocks but there is no rush. | 2009-04-02 | |
| DON'T BUY | 2.140 | David Cockfield | All the drilling companies have been pounded down. There have been huge Cap X cuts. Until there is some pickup in the price of oil/gas they are looking at some pretty thin days. This company has a fair amount of debt. | 2009-03-09 | |
| HOLD | 3.200 | David Cockfield | 18% dividend is telling you that it will probably be cut. Already baked into the price of the stock. Big cutbacks in CapX in the oil patch, which means a lot less drilling. Have a lot of newer rigs. Getting some good contracts in the US because of their deep drilling. Good future. | 2009-01-23 | |
| DON'T BUY | 4.500 | John Stephenson | If you want to play a driller, he would prefer Precision Drilling (PD.UN-T), which is trading at about a 50% haircut to its replacement value for its rigs. 13% dividend, which may be iffy. | 2008-12-03 | |
| BUY | 6.800 | David Cockfield | (Market Call Minute.) Good stock and could yield. | 2008-10-31 | |
| TOP PICK | 9.980 | David Cockfield | Drilling and servicing companies have taken a beating but are having a very good year so far. This one has moved half of its rigs into the US. More than half of their revenue will be coming from the US. New fleet of drilling rigs. 6% yield. | 2008-09-26 | |
| Comment | 13.590 | Ben Cheng | Major driller in Western Canada. Made a series of acquisitions in the US so have become more international. Converted from a trust into a corporate structure allowing them to be more aggressive in acquisitions in the US. | 2008-08-07 | |
| Comment | 13.860 | Michael Sprung | Longer term prospects for a company like this look fairly positive. Dividend looks fairly secure. He is looking at this one. | 2008-06-26 | |
| Comment | 14.000 | John Stephenson | Good, but not great. A Hold, maybe even a Sell. Where the world is going, you need to offer a technological solution to get a premium valuation in a service area. Fairly highly indebted. | 2008-06-16 | |
| BUY | 13.960 | David Burrows | Seasonality is not playing out this year so there is a trend in place. Strong demand for rigs. Could be in an elongated cycle | 2008-05-22 | |
| Comment | 13.240 | Ben Cheng | Was an income trust and is forging a new path in converting back to a corporation. Thinks this was a good move. | 2008-04-16 |
