RE:RE:RE:RE:RE:RE:Completely undervaluedQ2 revenues have outperformed Q1 revenues over the last 4 years so I'm optimistic with this Q2 being no different. Espcially with more rigs and higher utilization.
If Q2-21 is another $10m+ EBITDA quarter, and Q3 and Q4 hold at $6m each, which I think is likely, we're at the $32m EBITDA I used in my example which I think will put over the $5 mark in due course.
The company will have excess cash at some point with low current debt levels. It could initiate an NCIB but with insider ownerhsip as high as it is, I don't think investors would like see that ownership increase.
That leaves increasing the regular dividend (or implementing a quarterly or monthly dividends), paying a special dividend, or reinvesting the cash to increase the unit base. All would move the SP in the same direction.
I'm sticking to companies with levels of debt for the time being but you put others on the radar for me to look into (thank you).