Canyon Services Group, FRC.to
Hello there guest! Want to join in on the conversation? Login or register for a forums account by visiting this link.
Posted: Tuesday Nov 8 9:30:48PM 2011
C$12.82 Earned record .49eps FD
sounds like Q4 will be better
Posted: Tuesday Oct 25 3:44:23PM 2011
FRC.to -.16 to C$11.45
Latest corporate update. Good info on current situation plus overview of hydraulic fracturing markets in Canada.
Posted: Wednesday Aug 10 12:57:31PM 2011
investors are focusing on these comments to drive FRC.to/cysvf.pk to +.55 to C$12.67 in spite of the Q2 loss.
"Although our customers were more weather delayed than normal in Q2, Canyon believes that its expanded equipment fleet will be fully utilized during most of the remainder of 2011 due to a demand back log for fracturing services caused by the weather related drilling delays of the second quarter, and due to the strong industry fundamentals as previously reported. These fundamentals can be summarized as technological improvements and strong commodity prices which, for the past eighteen months, have led to increased activity in emerging and established oil and liquids rich natural gas plays such as the Cardium, Viking, Bakken, Deep Basin, Montney and Duvernay. Technological improvements have led to a major shift towards drilling wells with lengthy horizontal sections, which has led to a dramatic increase in fracturing intensity as multi-staged fracture treatments are applied to the horizontal sections of the well bore. As horizontal sections continue to lengthen and frac-stages per well continue to rise, it is expected that frac-stages per well will reach an average of approximately 10 stages per well in 2012, up from the current level of approximately 6 stages per well. In addition, the size and the pumping rates of the average fracture have also grown significantly which when combined with the increased fracture intensity has resulted in a dramatic increase in demand for fracturing equipment and services. E&P companies now require significantly more hydraulic horsepower ("HHP") capacity for longer periods of time to complete their programs. "
Posted: Wednesday Aug 10 12:57:26AM 2011
Canyon had a poor Q2 due to the extended spring breakup.
Lost .11 eps
Posted: Tuesday Jun 28 2:11:26PM 2011
Canyon declared a .05 semiannual dividend today.
Posted: Friday Apr 8 7:57:57AM 2011
Big pop in FRC.to/cysvf.pk +.83 to C$14.08 Headed much higher due to upcoming financials for Q1 and beyond.
Canyon has had tremendous growth.
Annual Sales 2009 47million 2010 216 million Q4 85 million
Net Income 2009 lost 11million 2010 +54 million Q4 +25million
EPS 2009 lost .42 2010 +.93 Q4 +.40
HHP capacity avg 96,000 in Q4, should average 120,000 in Q1 due to new equipment. Gross revs should go up 25% in Q1 2011 vs Q4. Expect EPS to be in .55 to .65 range and C$2 EPS for 2011. If FRC trades in the same p/e range as TCW and CFW, stock should be selling for $30 to $40 by year end.
Posted: Saturday Mar 19 9:26:48PM 2011
High oil prices will encourage producers to keep drilling. Oil services will keep making money hand over fist because with these oil prices, producers can afford to pay top dollar to their crews and drilling rigs on schedule.
Right now, there is a shortage of frac equipment and trained crews. All the frac companies I know about are adding equipment. Sooner or later, they will reach equilibrium with the demand and go over the top.
I think it will certainly last thru 2011 but watch the gross margins closely. When they start to shrink, it will mean that price competition is setting in, probably because there is enough equipment available.
Posted: Tuesday Mar 8 10:39:50AM 2011
Earned .40eps for Q4. Enormous gains in revs and eps over last year.
Equipment was delivered in December and January so expect Q1 to show another nice increase in revs and eps.
Canyon should hit C$20 this year.
Posted: Monday Nov 29 9:04:18AM 2010
Canyon making new highs today in a down market. The company has done well getting the story out and the market is rewarding that. I think the market has reacted well to the dividend announcement. Service sector is on a good tear looking forward to see GFS getting more positive news as well.
Posted: Monday Nov 8 9:15:33PM 2010
FRC.to .28 eps for Q3 on 66 million revs. Better than I expected. This is going to be a $20 stock.
Posted: Wednesday Nov 3 10:28:16AM 2010
Frack and Frick
FRC.to +.45 to C$8.75
GFS.v -.51 to C$8
Yesterday it was the reverse. GFS was up big and FRC was down. These stocks are both doing very well. I originally bought FRC.to at C$5.48 and GFS at C$4.85. Both have steadily climbed since and I expect both to go into double digits as they increase their capacity and demand continues for horizontal drilling and the multi-stage fracking that both these companies supply. GFS has the unique solution but both should do very well for the near term.
Posted: Tuesday Oct 26 6:29:59PM 2010
FRC.to/CYSVF.pk +.05 to C$8
Canyon Services Group moving steadily up as we approach release of Q3 results.
Posted: Friday Sep 24 3:06:41PM 2010
latest presentation for Canyon Services Group, FRC.to
Posted: Thursday Sep 9 12:29:34PM 2010
FRC.to +.33 to C$5.85
Apparently Mcquarrie published a report supporting fracking stocks. Industry is unable to supply services to energy drillers. Crews are working 24/7 and still not able to keep up. Some drilling is ngas based and will drop off as hedging prices fall to actual current unprofitable levels. But oil drilling in the resource plays like the Bakken, Cardium,etc are going full bore.
FRC.to should have a good Q3 and an even better Q4 and then get more equipment in late 2010 to boost capacity even more.
Posted: Monday Aug 9 10:22:56AM 2010
Shale gas/oil fracturing. Canyon Services is a fast growing providing of the pumping trucks that perform multi stage fracking for the Bakken, Cardium, Montney plays. Very profitable because increased results are showing up as more stages of fracking are performed. Bakken wells originally had 2 or 3 stages of fracking and yielded 100-150bpd. Now they are up to almost 30 stages and some wells yield 3000boepd initially.
FRC.to had .25eps in Q1. They were marginally profitable in Q2 due to reduced revs due to spring breakup. They have increased fleet capacity at the end of Q1 so Q3 should be a company record for revs and eps. Huge jump year over year in revs and profits.
Should make .75 to .90eps this year. Selling for less than 10X fwd eps. Competitors TCW and CFW are many times bigger but also sell for several times the forward p/e. I expect FRC.to to be a multibagger over the next year.