NEWALTA CORPORATION T.NAL

New All-time Low!

[HigherBuyer]

Well, we hit an all-time low today for ths stock. Never before in it's 25+ year history has the company seen this low a valuation. Ever! Obviously management has messed this company up in a big way. No vision or leadership. Finger pointing from the CEO while he rants and throws tantrums like a child. What a mess. Worst management team ever. Self serving CEO. From $24 in 2014 to $1.56 today. I feel sorry for staff who believed in this company and lost their life savings! Do they have enough cash to withstand another two years of $40 oil? Will the competitors pay a premium on an acquisition? Structural changes to the industry wrt carbon and waste management indicate their market is gone forever.

[EstevanOutsider]

well they never went as low as trican. i know, not the same business but a service company nonetheless. trican almost went bankrupt and now they are back. i think because newalta does more business in the oilsands, it will take higher prices to ignite the engine. once oilsands comes back, it seems natural that newalta should gradually too. but since oilsands are a little higher cost, we need to

[dragon001]

Any hope ?

[lastbullrun]

These are the moments fortunes are made and lost. I believe they will be back. IMO

[compsys68]

Volume is up....there guys are not going anywhere, it might be a longer hold then anticipated but they will be in the 4-7 range in the next 18 months. IMO

[Catcher17]

I had to exit my position a while back. I have been looking for signs of recovery but remain concerned as they need Oil above $50 and they are trending reverse to competitors such as SES. They have desirable assets including long term contracts with Suncor, but this may take them down a different path unless a quick recovery is looming.

[HigherBuyer]

Contracts are with Shell, migrating to CNRL. So you can imagine how well that's going to go. The CEO has no vision or strength, just blames the previous CEO for his problems and spends calls justifying his own inflated salary. He drove this company into the dust it seems. They made a very poor choice in bringing this little fella on. He's no leader, send him back to the ground. SES will

[EstevanOutsider]

I drive by their Halbrite location near Estevan, SK regularly and it continues to appear as if they are becoming busier and busier. Most of their work is in Alberta so I can't witness that, but Newalta has a great reputation and I would back them with my money.   Right now considering adding Newalta or Trican this week. Newalta appears to be a great deal at these prices!

[dragon001]

Take over target?

[compsys68]

Could be, there are a about 7-10 of large steak holders that control about 60-70 % of the shares so they would need to be on board. The current price certainly doesn't reflect the reality..... but then when does this ever look like reality.

[Catcher17]

I expect there are multiple conversations going on examining this option. Current market cap is very inexpensive. From what I read, they present a dlimmma They have great assets in good locations They have some ongoing long term contracts Their cost structure is still too high Their cash flow is in rough shape and expect that there EBITDA is shrinking given the stubbornly low price of oil They