NOA’s Stock To 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. The steady long-term contracts and productive asset acquisitions have been the company’s biggest strengths. As some of the contracts remain due in the medium-term, re-pricing at a favorable rate can inflate margin. I think the stock is apt for adding to your portfolio for its robust long-term drivers.
I also see positive signs are coming out of new drilling activity in some parts