Double PossibleI note that way back in November, well activity in Western Canada was forecast to increase by 25%.
Another of my oil service investments recently announced a 48 % in revenues with increased gross margin in Q4 of 2021.
In addition, many energy companies are now increasing their oil service budgets.
In the first 9 months of 2021, cash flows were $12.5 million .
Given that Q4 is a seasonally strong quarter, we should see revenues over $30 million and cash flows of $5 million or more.
Going forward, Q1 is also a very strong seasonal quarter and depending on breakup timing so may Q2/22.
Its not unreasonable that 2022 revenues could exceed $130 million or more.
So, we should see at least 2 very strong quarters coming our way in the next few months which will increase the cash position and make us a very attractive takeover .