Post by
EstevanOutsider on Sep 28, 2017 1:15am
Added to my Newalta position yesterday... this company is SO
undervalued, it's beyond believable. Nothing adverse has happened since our 52w high, which is also super cheap in my opinion of Newalta's calibre! The Canadian oilfield has taken a hit but I believe it will come back roaring and strong. Too much chaos in the world and supply is growing. Canada's place in the oilsands is there to stay as long as oil is. The US will continue to buy our oil. Keystone XL shoudl be approved by years end and Kinder Morgan will be built inevitably.
Once people realize what's happening I believe Newalta will fly back to $2.63+, we were just there and I think the stock won't need much good news to get back there. Newalta is a very respected name in the energy business and as long as oil in Alberta does well, then Newalta should too as they offer imperative services to the energy sector.
Keep loading up on this baby as you can afford to. An easy trple at these levels. It will happen so rapidly when it does turnaround.
Comment by
Delgan88 on Sep 28, 2017 9:20pm
Great article!! I'm bullish on Newalta.