CWC is just getting started. Debt free in 2023 + restore divis my opinion. The service rig industry is also hot. Only thing holding CWC back from adding more service rig capacity is staffing which is bolstering rates. They've added 10 triples in the US and that hasn't been factored into projected EBITDA. Ensign says expect $30K dayrates by y/e in 2022. That's a game changer for CWC.
I believe CWC clears $30M ebitda this year which makes them one of the cheapest oilfield service companies out there.
They'll restore the divy after going debt free by 2023 y/e and the yield could be large.
Prob CWC is a consolidation candidate at some point.
Tons of potential here, plus, Duncan Au is a documented winner....