Bullish thesis around this company revolves around the continuing pick up in drilling and well activities throughout alberta, saskatchewan leading to increases demand for their services which they have already talked about in most recent earnings filed.
They also highlighted having issues finding enough workers to fill all of the demand they are getting.
Trican Well Service has come along way since they were last trading at lowly levels in 2016. The company has sold some overseas divisions and paid off mostly all their debt, acquired their largest Canadian competitor in 2017, Canyon Tech. For the past few years they have been re-purchasing their own shares thru an annual NCIB. Even during the most bearish...
A buy order that I placed months ago for Trican Well Services ($TCW) was triggered at today's open. API numbers for Oil appears to have been released. I have set my s/l around $3.00 for the time being. I plan to hold this trade for a few weeks, possibly longer. Parabolic SAR has turned Bullish but we are still below the kumo cloud. This stock ultimately will...
The price of this stock is inside a descending channel. The lower black line is the support while the 50 MA is the acting resistance level.
I think the price would hit around $2.83 being its support level. I will buy with 2 confirming candles and sell once it hits the resistance level which is the 50 MA.
This is another stock that has 50c profit/share. Risk is...
