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NOA - North American Energy Partners Deploys Diversification Strategy To Counter The Slump
North American Construction Group Ltd.
NOA Slips In The Face Of Downturn
At the current energy price level, many oil sands projects in North America are turning unprofitable. North American Energy Partners (NOA) has reacted to this extraordinary situation by steadfastly diversifying into non-oil sands projects. In the past couple of months, it has acquired two projects related to coal mining, while strengthening the mining support services contracts. It will increasingly look to Nuna for some of the major contracts in the near-term. Also, the value of its ultra-class trucking assets has increased substantially over the past year.