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NOA - North American Energy Partners Looks To Rebound In The Medium-Term
North American Construction Group Ltd.
NOA'sStock Will See Limited Movement For Now
North American Energy Partners (NOA) provides mining and heavy construction services to the energy and industrial construction customers, primarily within Western Canada. I think the stock is apt for adding to your portfolio due to the robust to long-term drivers, given that the stock can be relatively undervalued at this level. But, the short-term drivers are not strong.
Although the current slowdown in Canadian energy market activity will not recover shortly, we see positive signs are coming out of new drilling activity in that region.