The Financial Post reports in its Saturday edition that according to Brian Madden at First Avenue in Calgary, Trican Well Service is a stock to watch in 2026. The Post's Jane Switzer writes that the oil field services provider reinstated its dividend in 2023, is "very cash generative" and has been "quite prolific" in doing share buybacks, Mr. Madden said. Since 2017, the company has repurchased about 51 per cent of its outstanding shares. "We see it as a good combination of current income via the dividend and growth opportunity," he said. "But make no mistake, it's not a secular growth company. It is absolutely a cyclical business with not much pricing power." Under new leadership, the company's share price has recovered from 2020 lows and Mr. Madden anticipates a few catalysts for further growth in 2026. He said Trican's $231-million "complementary" acquisition of fracturing and coiled tubing service provider Iron Horse Energy Services will help boost its earnings, expand its geographical footprint, and give it more exposure to oil, fracking and drilling. Mr. Madden said he thinks rising demand for liquefied natural gas will increase takeaway capacity and could spur more activity that benefits Trican's business.
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