Canada Holds Back NCSM’s Growth
NCS Multistage Holdings (NCSM) provides engineered products and support services. The company’s offerings help optimize energy well completions and field development strategies. I don’t think NCSM’s stock price will produce attractive returns in the short term. But if the crude oil price stabilizes for a sufficiently long period, the well completions activities will kickstart, which can cause the stock price to rebound. These should drive the stock price higher in the medium to long term.
Upstream customers’ budget constraints and stiff competition from peers are keeping pricing for