Comment by
HugeCrane on Oct 27, 2021 1:07am
I don't want to make a prediction for eoy before I hear tomorrow's conference call, but overall I think q3 will be more important than many people think. Possibly THE turning point in Canadian OFS.
Comment by
scelaton on Oct 27, 2021 4:50pm
Just listened to the conference call and they sounded very confident in the future. Demand won't be a problem, but finding qualified workers will limit expansion. Tight workforce supply + best of brand ESG + increasing demand will drive pricing power significantly higher in 2022 IMO. Have been accumulating for a few years now and intend to hold for a few more.
Comment by
firstworld on Oct 29, 2021 12:34pm
So when will they stop losing money? When will they get off welfare? LOL all welfare recipients sound positive....
Comment by
HugeCrane on Oct 30, 2021 1:16am
Firstworld apparently didn't pass grade 3 math. $9.1 million net profit against a $0.3 million Canadian covid subsidy is what? Oh right nobody gaf about $0.3 million because it's negligible. This is THE turning point. Company may not be able to ramp up the volume, but they will definitely be able to ramp up their margins due to labour shortages.