RE:RE:RE:RE:Almost...If Newalta increased revenue 40% so far in Q2 2017 from Q2 of 2016, what are the chances that they will also increase revenues consistently as outlook improves? I think very probable. With drilling already surpassing all of 2016 in Alberta and also Saskatchewan, the likelihood seems good that Newalta got a piece of that. Outlook for heavy oil has also improved, i believe Newalta can do much better there. They cite 8% improvement in heavy oil, but that number could skyrocket within the next year as oil improves and big oil returns to profits. Outlook for heavy oil seems better as US is importing more bitumen then ever before and has customized refineries in the Midwest, as well as approved Keystone + the Alberta Clipper volume upgrade.
The stock seems like a steal at these rates. I feel most invstors are unfamiliar with the oilfield and make their decisions based on paper reports. If they knew about important Newalta was to the oilfield, maybe we could garner more respect. Newalta is a respected name.
Maybe I am naive, but I don't see what to lose here by gambling on Newalta. The stakes are high and they are in our favour, as long as oil stays at these prices and continues to grow, I believe we can really win here. Especially in the early quarters of the boom, the lag from lack of growth should be substantial. Q4 should be much better then Q3! I can't imagine being at sub $1 by Q4.