RE:OIL at 55.75 (new high since june 2015) NAL at .82 Just buy and hold! There are strong signs oil is turning upwards and I think it will surpass $80 by the end of 2018, though we don't need those levels to benefit.
With a small cap stock like this, as a service company, we are buying it almost for free. Assuming oil does turn the corner, companies like Newalta can jack up their service rates which will bring strong profits. Service cos still offering substantial discounts and are having difficulties increasing their rates at modestly increased oil prices, though I know Trican has been sucessful somewhat but still along ways to go before back to normal.
If you believe oil is coming back and will return strong like I do, I think we should just buy and hold. Don't sell or panic when stock goes up or down because it will certainly return to its glory.
Bankruptcy is out of the question as long as oil remains consistent at these levels, the worst we may assume is behind this company which has survived. When oil boom picks up, Newalta is an experience player who can get back into the fray very quickly.
I am hoping to quadriple my investment over the next 9-18 months and believe we have very very good odds of that happening if the status quo continues. Maybe even more in 2019 and 2020, this stock could really pay off from these levels.