Q: What are your thoughts on this company? As it recently finished a bought deal at $1.9 w/ strong interest and with good prospects on the natural gas turbines for O&G sites along with potential access to mining industries it seems it has good head winds for these cheaper and environmentally-friendly solutions.
One risk seems to be their over reliance on their turbine manufacturer where they have an agreement for Western Canada but nowhere else as of now.
With >35% insider ownership and a consistent shift away from pure oilfield services, what are your thoughts on starting a position? If so, what is a good entry point?
One risk seems to be their over reliance on their turbine manufacturer where they have an agreement for Western Canada but nowhere else as of now.
With >35% insider ownership and a consistent shift away from pure oilfield services, what are your thoughts on starting a position? If so, what is a good entry point?
5i Research Answer:
E is small and there is risk here, but we (and other analysts) expect decent growth overall in 2025. At 21X earnings it is more expensive since its Q3 miss on earnings. There are aso small cap, cyclical and other risks here. Earnings can be chunky with contract completions. But the capital raise sets it up well, and we would consider it a decent/OK small cap overall.