The Financial Post reports in its Tuesday edition Trican Well Service's stock ($4.28) has been one of the hardest hit by plummeting oil prices, falling 75 per cent since early June. The Post's David Pett, writing in Trading Desk, says, however, Trican shares might be close to bottoming and could offer investors compelling upside over the next 12 months, says RBC analyst Dan MacDonald. "While oil prices will remain the near term driver of oilfield service stocks as a group, we see TCW as better positioned in this downturn than the prior one," he said in a note to clients. "Balance sheet flexibility is good and Q4/14 results highlight management's efforts to maintain profitability in its US business, in stark contrast to the prior down cycle and a key investor concern." Mr. McDonald reiterated his outperform rating on the stock, but reduced his price target to $11 from $13. Trican has reduced its 2015 capital spending to $50-million $60-million, he said, estimating the company will generate $76-million in free cash flow this year. The analyst noted management has indicated debt repayment is a priority for surplus cash during the downturn, which indicates a relatively safer outlook for the dividend.