Next catalyst#1 Construction will resume shortly or the province's infrastructure ( QC ) will fall-apart, summer season is already really short to begin-with. LRT's project should keep moving forward. So by the end of 2021 it will mostly be REM left plus possible other rails projects ( Quebec LRT, Ottawa Trilium extension ) #2 Resource backlog almost completed I think some are even reimbursable projects that were in the Gulf. #3 Preservation of cash QoQ. Headwinds: SNC-Lavalin has been losing money since 2018 and they've been throwing good money at bad money for maybe even longer ( High quality infrastructures such as AltaLink and the 407 sale to buy Atkins ). SNC even had shares in Gaz Metro ( Energir ) partnership at one point which is a cash cow. Even in 2010 they could have bought / IPO'd a 10 % stake from Cintra for about 900 millions. So I really wonder if SNC Capital will be turned around ( i.e. stop shedding cash generating assets ).