North American Energy Partners, Inc.(USA) (NOA)
A resource services provider to oil and natural gas and other natural resource companies, with a primary focus in the Canadian oil sands.
Recs
coolgoose
(34.67)
Submitted: 6/2/2009 2:59:15 PM :
Start Price:
$7.45
NOA Score:
-33.15
Just makes sense. Dollar, inflation, energy sector...!
Recs
imajerbear
(98.84)
Submitted: 2/14/2009 1:26:10 PM :
Start Price:
$4.40
NOA Score:
+22.71
Oil and gas may be deep in to it right now, but long term as the world economy pulls itself up by it's bootstrapes, oil will make a comeback. Alt energy is wonderful, but it will take many years for it to make a significant dent in the use of oil. The days of easy extraction of oil are gone and some of the petroleum resources ie oil shale will require prices above $80 long term to exploit them economically. Oil fields around the world are showing decreases, some major, in their output. I am also convinced that OPEC is actually seriious this time about toeing the line on production reductions to try to drive the price of oil to the $70 mark or better. long petroleum 10 to 20 years!!
Recs
GMoneyCaps
(90.82)
Submitted: 10/31/2008 7:23:27 PM :
Start Price:
$3.88
NOA Score:
+43.50
Cheap according to my calculations.
Recs
unstoppablepeon
(< 20)
Submitted: 10/27/2008 12:34:37 AM :
Start Price:
$2.60
NOA Score:
-108.11
worst 30days caps
Recs
tenmiles
(99.99)
Submitted: 10/6/2008 2:25:01 PM :
Start Price:
$5.18
NOA Score:
+8.54
Likely survivor; trading directly in line with oil price collapse, but oil over $60 still lets this one "work" - contrarian long at $5.71
Recs
LattePup
(93.78)
Submitted: 9/4/2008 4:43:36 PM :
Start Price:
$14.98
NOA Score:
-50.34
a reasonable PE and hopefully on the upswing, adding to CAPS to watch and do more diligence
Recs
paladin65
(< 20)
Submitted: 8/1/2008 10:11:20 PM :
Start Price:
$18.01
NOA Score:
-55.33
3 to 5 star stock in one year.
Recs
ww2004
(86.26)
Submitted: 6/26/2008 11:38:50 AM :
Start Price:
$20.50
NOA Score:
-56.95
North America is going to get a lot more of its oil from the oil sands over the next decade. That will be good for companies like NOA.
Recs
catnapper06
(< 20)
Submitted: 6/24/2008 4:51:52 PM :
Start Price:
$20.61
NOA Score:
-55.80
Just going with the flow on this one...no pun intended.
Recs
Dart65GTConv
(58.62)
Submitted: 6/24/2008 9:27:03 AM :
Start Price:
$22.28
NOA Score:
-58.41
oilsand RRRRRAAAAGGEE
Recs
eimersd
(69.68)
Submitted: 3/15/2008 7:39:52 PM :
Start Price:
$15.20
NOA Score:
-49.49
The oil sands of Canada will continue to prove ever more valuable. This company will profit right along side them.
Recs
investingteacher
(< 20)
Submitted: 3/13/2008 5:43:22 PM :
Start Price:
$15.82
NOA Score:
-46.88
This construction and pipeline company has a p/s ration much lower than other companies in the industry.
Recs
oldark3
(< 20)
Submitted: 2/19/2008 9:03:28 PM :
Start Price:
$15.67
NOA Score:
-45.72
With $100 dollar oil and great earnings in all 3 sections of their business this stock will run until oil starts to settle down with the recession.
Recs
NtscrbEnergy
(94.38)
Submitted: 3/12/2007 8:43:03 AM :
Start Price:
$19.52
NOA Score:
-51.11
Incorporated in 2003 and headquartered in Acheson, Canada, North American Energy Partners provides a range of mining and site preparation, piling and pipeline installation services for oil and natural gas and other natural resource companies.
The outlook for the natural gas industry of Western Canada is positive as its industrial consumption is projected to rise significantly in the coming years. As per the findings of Energy Information Administration (EIA), Canada, presently the source of almost 90 percent of U.S. net natural gas imports would remain the prime source of natural gas imported into the United States until 2010.
Western Canadian Sedimentary Basin is the major gas producing area in Canada, with about 80% of gas production coming from Alberta. The prospects of the company appear good, as its operations are heavily concentrated in Alberta oil Sands. The third quarter performance of the company was also remarkable with over 28% glide in the revenues. Company’s mining and site preparation as well as piling segment performed well due to the ramp up of 10-year CNRL contract along with extensive operations in Alberta and British Columbia. Also, the company has recently bagged a five-year construction contract from one of its major customers ‘Suncor’ that could boost its piling segment that now constitutes about 19% of the turnover.
One of the concerns for the company was the pipeline division that reported an operating loss due to unsupportive weather and operational concerns. However, the company has lately reached the final stage of negotiations with Kinder Morgan, one of the largest energy transportation companies, which could lessen their challenges for the pipeline segment, given the risk mitigation strategies. Additionally, proceeds from the IPO have been used to retire over 23% of their debt, which could aid the bottom lines in the future. Looking ahead, management expects to pass on part of the surging equipment costs led by higher tire outlay through increased pricing in the coming years. Given, these factors, the company does exhibit optimism at the current price levels.
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