Wellco Energy Services (WLL.UN.TO) Buy, Sell…

Wellco Energy Services (WLL.UN.TO)

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DON'T BUY

11.2% return, but could come under pressure. Could be 2 years before drilling returns to where it was last year. The silver lining is that there are a lot of takeovers of trusts by private equity, which could give you a decent yield while you wait.

COMMENT

14% yield. Not particularly exciting and would rather own Vermilion (VET.UN-T). Will probably get taken out eventually.

HOLD

Solidly managed and the distribution is reasonably safe. A little concerned that there is going to be a slowdown in the oil patch. Could have some trouble growing, but the recent quarter looked very good.

HOLD

This was hit by the government announcement on trusts as well as weaker gas prices. The price of gas will come back to normal levels, but he doesn't know how long this will take. It may take three more quarters to improve.

COMMENT

An energy services company. All of these stocks have had a major correction in the last few months because of high inventories in natural gas. For it to recover requires the storage levels to come back to normal.

BUY

An oil/gas service company. Hasn't done much recently because the price of natural gas has been weak. Trades and around 6.5 X earnings and yields around 10%. The price of gas has to go back to a 7 to 1 ratio to the price of oil, which would mean $10/11 at today's oil prices. Cheap.

BUY

Earnings year-to-date are around $.57 a share. Usually 2nd half is better than the first. Expect they will make $1.30/1.50 earnings this year. Reasonably small company and still growing. Potential risk for all resource stocks is if the US goes into a very hard recession. Cheap at 7/8 X earnings.

BUY

Has a relatively low payout ratio. In an industry that is doing extremely well. Has a certain amount of volatility.

BUY

Made $.90 of earnings last year and expects $1.25 this year. 9% distribution which is very nice. The whole sector is doing well. Cheaper than the average.

TOP PICK

One of the cheapest stocks in the oil/gas services sector. Made about $0.90 of earnings last year. Distribution is around $1.02.

DON'T BUY

Hasn’t looked at it that closely. An open ended mutual fund trust, so there’s not a lot of protection from them being able to issue and sell more units. Yielding close to 9% which implies more risk.

BUY

In the sewrvice sector which is traditionally very volatile and overreacted with the government comments on trusts. Cash flows are going to continue to be very good over the next few years, but higher risk, higher volatility than others.

DON'T BUY

Constructive on the oil service sector but prefers others.

BUY

An oil well servicing company. Hasn't come back fully with the increase in oil prices. Has good room to run. Cash flows are expected to stay relatively strong in this sector.

DON'T BUY

Like all the service companies, considers them a lot higher risk. Capital going into the drilling side of the business has been at record levels. Valuations are pretty full.

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Wellco Energy Services (WLL.UN.TO) Frequently Asked Questions

What is Wellco Energy Services stock symbol?

Wellco Energy Services is a OTC stock, trading under the symbol WLL.UN.TO (previously WLL.UN-T on Stockchase) on the undefined (undefined). It is usually referred to as or WLL.UN.TO

Is Wellco Energy Services a buy or a sell?

In the last year, no analyst issued a Buy, Sell, or Hold rating on WLL.UN.TO (previously WLL.UN-T on Stockchase) on Stockchase. Read the latest expert commentary for Wellco Energy Services.

Is Wellco Energy Services a good investment or a top pick?

Wellco Energy Services was recommended as a Top Pick by Glenn MacNeill, P.Eng. on 2004-12-29. Read the latest stock experts ratings for Wellco Energy Services.

Why is Wellco Energy Services stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Wellco Energy Services.

Is Wellco Energy Services worth watching?

Wellco Energy Services is covered by Stockchase experts and is worth watching.

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Brian Acker, CA

Acker Finley Inc.

The Weekly Buzzing Stocks by Billy Kawasaki

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Barometer Capital Management

Jim Cramer - Mad Money

CNBC

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