A little followed stock doing good things for share holdersI like this Alberta company, Like many Alberta companies they often escape the eyes of baystreet . It quietly goes about supplying required services for the oil patch . Cleaning and dsposal are requirments that all companies have to pay for and secure is there to provide it. With increasing contracted recurring revenue and free cashflow ,a real decent dividend at a low pay out ratio and continued share buy backs as well as insider purchases.
There is current overhang with the regulator demanding disinvestment of some assets from the Trevita purchase , but this is currently being appealed . Even if ultimately enforced in full , Secure should realise a better value than they paid for these assets.
With two major pipelines needing filled in the next couple of years , Secure has the capacity in place to handle increased volumes of well waste with little capital cost . They are well placed in NE gas country for this.
Long term this company can diversify with its expertise as environmental requirments will only increase overtime. This company will continue to get stronger .