Results validate the priceI can't say I'm displeased either at the results or at the performance. Especially with $290M in FCF (where is all that money going to go anyway?), $940M in revenue next year, and a NCIB, and totally discounting any more acquisitions that this roll-up might be looking at, the fair price next year ought to be in the $96-108 range, and that's without any other stimuli.
I can't help but look at the disaster sanctions are starting to make of the Russian economy and thinking how China and everyone else is taking notice. Therere will be an urgent search for ways around the SWIFT payments scheme and other ways to move money across borders. I know some countries are cracking down on a lot of this, but there willl be more schemes thought up and crypto will play a significant role in this, so I can't see NVEI not benefitting somehow.