Hey there. This is going to be your typical small-cap oil and gas company that fluctuations wildly based on overall activity. To me, I avoid these options primarily because of the boom and bust cycle of the industry. If I'm going to get exposure, it's going to be through a major player like Canadian Natural.
That said, the company is certainly cheap here, the balance sheet is very strong, and the dividend is well covered. The company's free cash flow yield of 12.5% is very attractive and I'd expect it to continue generating these types of cash flows in this particular environment. Trading at just 7.8x expected earnings, its cheap on nearly all fronts.
This is not a company I'd buy because of what I mentioned at the start of this answer. I like to buy and hold for the long term. With these types of plays, you typically have to time the boom/bust nature of the industry to profit and outperform over the long term. However, there's no doubting it is cheap here and if you're looking to dabble in small cap energy plays, I can certainly see why Trican would be on your list.