Investment Q&A

Q: Despite TCW (Trican) having tripled in the past year, it is still far below my purchase price of $18.73 thus I am not too enthusiastic about the company especially considering your responses to others' questions. I also hold some shares in TDG (Trinidad) which I have suffered about a 15% loss. First, I question whether the drilling and oil services area is an area where one should invest as to me it just seems like a hole to throw money at. If I should continue to invest in the area should I perhaps sell one or both of Trican and Trinidad and then buy HWO (High Arctic Energy Services)? I do not need money immediately and have at least a five year investment horizon. As always, I appreciate very much your advice.

Q: I have been watching some of the energy services and drillers and noted most have done well the last few months. Why would Trican have such strong performance over the others. Would you take a position at this time?

Q: Seasons Greetings: Please deduct the number of questions that you feel is fair. I have been smoked by NBZ and ready to walk away. My advisor is suggesting putting the remaining $$ I have left from the sale into BTE, BNP or TCW as to remain with the energy theme.

Your thoughts and suggestions will be greatly appreciated.

M

Q: I feel like the oil sector is turning the corner and want look at some oilfield service companies. Which do you feel is a "safe" way to play this, looking for a "good" balance sheet and someone that isn't going to just issue equity as soon as their stock price runs up a bit. Please consider companies beyond those listed above.

Q: I have a position in both TCW and CFW, which both are Well services. They had been rising nicely until a few weeks ago, but are currently on a downward slope. Is it time to bail out, or do you think they will rebound soon?

Thanks for your prompt advice!

Ken Morin
Momentum investor

Q: May I have your thoughts on Trican's June 2nd bought deal? It appears to be well (pun intended) received. I am not sure how much of an impact this extra cash will help them moving forward.

Thanks and keep up the great work.