TSE:BDGI

Badger Infrastructure (BDGI.TO)

85.31
+0.85 (1.01%)
as of Sep 8, 2026, 8:00:01 pm Market Open.
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Investor Insights
star iconSep 8, 2026, 12:00 am

This summary was created by AI, based on 6 opinions in the last 12 months.

Badger Infrastructure (BDGI-T) is positioned favorably within the booming North American infrastructure market, with potential for sustained revenue and profitability growth as an estimated $4 trillion in projects are anticipated in the next 18 months. The company has reported impressive organic revenue growth of 23% in its latest quarter, alongside a 14% increase in revenue per truck. As demand surges, BDGI is experiencing genuine pricing power and expanding margins, with analysts highlighting a favorable future outlook through at least 2027. While some experts express confidence in the company's foundational strength and potential for continued expansion, there is also an acknowledgment of the recent speculative rise in share price. Analysts appear to agree that BDGI offers strong long-term potential backed by solid fundamentals, solidifying its position as a notable player in the infrastructure sector.

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Consensus
Buy
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Valuation
Fair Value
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COMMENT
Has had a good run, but the whole oil service sector has. Wouldn't be intimidated by the current price, but would prefer being a little patient and waiting for it to come off 10%-15% but this would not be a terrible entry point. There are others he prefers.
TOP PICK
Use high-pressure water to move earth where you can’t use a shovel. Pipelines and Utilities use them. Headquartered in Alberta where they are dominant but growth is in US. Huge growth ahead of them and good dividend. Management almost sold the company last year but an investor group stopped it because they were undervaluing it.
TOP PICK
Canadian company expanding into the US in the high-pressure water/earth moving business. High-pressure water moving earth helps with pipelines underground. There was a take-over offer that they fought off because the company is worth more down the road. Big, safe dividends.
TOP PICK
Use high pressure water to move earth. Customers are mainly energy companies and utilities. Expanding big in the US. Lots of upside. Good management. Nice yield of 5.4%.
BUY
Clean out holes in everything from telecommunications to oil and gas. Great company. Expects there will be some absolutely blow out numbers for the oil/gas sector in Q4 and some really strong numbers in 2011. Other names that also look great are Phoenix (PHX.UN-T), Cathedral (CET-T) and Canadian Energy Services (CEU-T). (Also see Top Picks.)
BUY
Holes and trenches for utilities and around the oil sands. Have corporate and franchisee trucks. Last quarter indicated things were turning around and was more positive. Cheap at 5X on a Price to Cash Flow basis. Conservative management.
TOP PICK
Hydro/vacuum trucks that dig holes. High-pressure water with vacuum that exposes pipes, etc. that companies want to excavate or check. Generated very high returns on equity through the years. Will benefit from infrastructure spending in Canada and US. Very cheap at 3.7X cash flow.
BUY
(Market Call Minute.)
BUY
A beautiful business. Glorified vacuum trucks, which are used for non-invasive servicing. Does have some oil field services. Feels this is a very strong steady stock. "Hold forever, then wake up one day and cash out"
BUY
Has become really cheap. Building about 4 hydrovac trucks. 60% payout ratio. Virtually no long-term debt on the balance sheet. Good growth prospects.
BUY
This is an excellent company. They have no debt. It is a good time to pick it up.
BUY
Does trench work for oil/gas in industrial and utilities sectors. No long-term debt. They're paying for their growth expansion through internal generated cash flow. Good management. Like their growth prospects.
BUY
Likes the energy service sector. Not that well owned institutionally yet because of its small market cap.
BUY
In the Hydrovac business, so their business is quite strong. They also service industrial pipes and utilities. Low debt. Have raised their distributions.
BUY ON WEAKNESS
Payout is quite low. The opportunity for growth continues to be pretty good. Just out of the top 25 in his model. Expects about a 6% earnings growth. High correlation to oil prices (he's not sure why) and if oil pulls back like expected, he would buy more.
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