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NOA - North American Construction Group's Run Has Not Finished Yet
North American Construction Group Ltd.
NOA’s Drivers Are Robust
North American Construction Group (NOA) provides mining and heavy construction services to the energy and industrial construction customers, primarily in Western Canada. The company primarily serves the Canadian oil sands market. I expect NOA’s stock price to rise from the current level. A revival in frac sands pricing can lead to higher profitability for the sand producers, which can lead to higher growth for the mining servicing companies like NOA. Also, during Q4 2018, the company added to its construction and mining assets through acquisitions. These acquisitions are expected