My thoughts on results Fantastic revenue and earnings. The company significantly exceeded its guidance on revenues. They were projecting revenues similar to the prior quarter. They exceeded them by $10 million. I love when companies guide low and over deliver.
Earnings are almost $20 million for the year. They will certainly be amoung the top percentile earning public companies in Canada. They will bring a whole new level of shareholder looking to add to to small cap funds and for larger investors.
Valuations are still incredibly compelling at 2.5 x trailing earnings. Trading just over book value. Very strong balance sheet. Guidance given will ensure a record Q1.
Future is incredibly bright. Billions to be spent on LNG, natural gas drilling will increase from current levels, and lack of pipeline capacity is a becoming a national crisis and making the headlines daily. I would expect the company to have record margins on a go forward basis.
My target price is $5 by summer.