More AnandFirst stock in the clip; he and his family also own it personally. GLTA
https://www.bnnbloomberg.ca/video/varun-anand-s-top-picks~2461459
EverGen Infrastructure (EVGN TSXV) EverGen is a pure-play small-cap company focused on renewable natural gas (RNG) infrastructure. The company acquires, develops, builds, owns and operates a portfolio of renewable natural gas projects across Canada, with two operational facilities in British Colombia. The RNG space is attractive given the positive impact it has on emissions (converting waste from landfills into natural gas is a carbon-neutral event vs. mining for natural gas, which increases emissions) and the fact that RNG producers are paid by both their suppliers (landfill owners, municipalities) and customers (utilities). Landfills account for 15 per cent of global methane emissions, which traps over 80 times more heat in the earth’s atmosphere than carbon dioxide, making companies like EverGen a key player in reducing global warming.
Utilities are also focused on increasing the amount of RNG in their existing pipelines; Fortis BC is targeting 15 per cent of its natural gas supply to be renewable by 2030 and is a key long-term customer of EverGen. In 2022, EverGen has significantly increased its pipeline, announcing two acquisitions (Growtec in Alberta and Project Radius in Ontario). Core projects and recent acquisitions create a path to generating more than $50 million of EBITDA by 2024, from the current level of $3 million, representing one of the best growth profiles in the renewable space.
EverGen trades at less than 5x 2023 EBITDA, discounting far too much execution risk and trading well below recent transactions in the RNG space. While the shares will continue to have higher beta/volatility over the short term, we believe the risk/reward is heavily skewed to the upside, and long-term investors will be rewarded as EverGen executes on its robust pipeline. The company also recently announced the approval of its NCIB program for up to five per cent of shares outstanding, which allows the company to purchase its own shares during periods of heightened volatility. EverGen is our top idea in the RNG space globally.