RE:Any info....
stockmarket1 wrote: Hi everyone. Can't find any news that would fuel this current run --- 52 week high. Any other ideas as too why this is running up? Not complaining... Just curious unless I missed something? Thx
Really we are just catching up to where we were pre-pandemic, so I'd consider it still recovery. But also an upcoming dividend increase to 21.5 cents was announced a month or 2 ago but it's dependent on the closing of transaction in the background that we may not see for anouther few months. A couple projects are also getting closer to completion and strength in oil that is somewhat sticking around.
There are several catalysts for people to be bidding us up, but not really one major thing in my opinion. I could see us move toward 60 before we flatline, but there's also some bids for projects and potential deals that if announced could add more value like our JV bid of interest for I believe it is Trans Mountain even tho I don't think the government is taking any formal bids yet.