North American Construction's Rough Patch Might Be Ending - Here's Why
2025-11-18 09:15:54 ET
Rebound After A Rocky Year?
I expect North American Construction Group Ltd. ( NOA ) to show improvement, despite the 30% decline in the past year. It also underperformed the VanEck Oil Services ETF ( OIH ) in this period. Adverse oil sands mix changes, subcontractor costs, and project execution challenges kept the stock price under pressure in the recent quarters. But I can see the landscape changing, and soon, too. NOA eased into a significant contract renewal as the West Australian mining market opportunities grew. Such growth lets it repurpose Canadian assets for Australia, improving utilization. Nuna's experience in developing the Arctic's critical minerals and roads gives it a unique edge....
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North American Construction's Rough Patch Might Be Ending - Here's Why
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