Capital Increase-Fleet Addition- Amazing 2022 ForecastThe additional capital is likely going into activiting a fourth fleet in Canada and another potential fleet in the US. 2022 Drilling in Canada is scheduled to surpass 2019 levels. DUCs are as low as 2013 numbers.
https://www.worldoil.com/news/2021/8/3/live-duc-count-hits-2013-low-as-the-us-continues-to-frac-more-than-it-drills
I think this is going to be one hell of an upcoming year for this stock. Very likely that we see Enterprise value between 1.5 Billion- 2 Billion based on recent history. AKA: Potential for $14-$20 per share in 2022, and that factors in full dilution which might not occur next year.
https://ycharts.com/companies/CFW.TO/enterprise_value