Trican Well Service: A Patient Long Trade on Cheap Exposure to North American Activity
Trican Well Service (TCW) offers a high-conviction, asymmetric long trade: the stock is cheap, underlying oilfield-service demand is stabilizing, and modest utilization improvements should flow through to cash flow. This idea is actionable with a clear entry at $1.50, target at $2.25 and stop at $1.20. Time the trade for a measured recovery over a …