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NOA - North American Construction Group: Profitability Holds The Key
North American Construction Group Ltd.
NOA Has Some Upside
Increased safety protocol following COVID-19 took a toll on North American Construction Group's (NOA) mining operations, leaving it with only one production train for servicing in the mines. The Canadian Oil Sands, which saw plenty of production shut-ins in 2020, however, appears to be normalizing in the past couple of months, although the energy market uncertainty remains. I think returns from the stock will be mildly positive in the short term.
NOA's long-term contracts with some of the largest energy producers in Canada will continue to offer stability to