Waiting for oil price, take-off will be inevitable.Newalta are one of the most respected players in the game. They have sustained the worst of times, they should reap the benefits when things pick up. I live in an energy capital and I am seeing Newalta become more busy. They are one of the most respected names in the oilfield services for what they do, excellent reputations.
I expect we will see this stock double within the next 12-months, if not more.
Keep your eye on drilling rigs. Once drilling picks up, Newalta will ensue.