RE:Rig activity is heating up in CanadaWe now forecast Brent prices will reach $70/bbl in 2Q21 and $75/bbl in 3Q ($10 above our prior forecasts). We expect this rally to be driven by both rising long-dated prices as well as a sustained steep level of backwardation.” - Goldman
Activity has certianly increased in canada among most field services companies. Just look at the number of job openings at HWO. I know the PNG business contributes about 40% of the annual revenue now that is close to zero. However, with just the North American business, how much is HWO worth?.
I say not less than $2-2.25 per share.