Xebec Adsorption (XBC.TO) Buy, Sell or Hold

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Xebec Adsorption (XBC.TO)

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0.51

+0.01 (2.00%)

as of Sep 28, 2022, 7:58:24 pm Market Open.

246 watching

PAST TOP PICK

(A Top Pick Oct 11/18, Up 105%) It is one of his top three holdings, taking gas coming off garbage dumps. It removes nitrogen from the gas before it can be burned. They have two new follow on contracts. He thinks it is still a great opportunity.

BUY

His largest holding. His target price is $2.20 to $3.00. Earnings are expected to increase sharply next year. A conference call is upcoming to discuss their most recent earnings. He thinks by the end of the year, the company will add a $15-$20 million project in the extraction of methane from landfills. Sales are expected to double next year. A great opportunity to continue to grow.

BUY

His second largest personal holding. They will report earnings May 28. They have a backlog of $74 million for work. Sales are expected to be $45 million in 2019 -- almost double last year. They think $160 million of additional sales are within reach. Targets for share prices are $2.00-$2.20 he says. They extract methane from garbage plants.

PAST TOP PICK

(A Top Pick Oct 11/18, Up 66%) Even more upside coming. Last fall, they had a $60 million backlog and they continue to be in a good place. Sales are expected to double in 2019 to $45-50 million and sales in 2020 to double on top of that. No lack of orders here. Rather, they need to get their product out. He sees a $2.20 target. Still sees 50% upside. One of his largest holdings.

STRONG BUY

They take methane off landfills and have announced a green bin project in Toronto with Enbridge. It is getting some analyst coverage and there is a great opportunity going forward. Sales of $20.5 million will more than double in 2019. He thinks sales could rise to $100 million 2020.

STRONG BUY

They extract methane from gasses from rotting garbage or municipal garbage. Their equipment pulls nitrogen from kitchen waste. They have almost completed an installation with a US client. It is projected to give them a 30% revenue increase. It is his second largest holding. It is thinly traded.

BUY

His family's second largest holding. They extract methane from garbage dumps and retrofit other existing extraction technologies. They are in discussions to take on Toronto's green bin business. Renewable natural gas in Canada is priced at $25 and Fortis is an aggressive buyer. Earnings expected to double by end-2019. They have a massive backlog of 3 years for take-or-pay contracts.

COMMENT

Cobalt is a partner commodity in the production of lithium batteries. Earnings are expected to be negative in 2019. Cobalt prices have risen sharply, causing manufacturers to find a way to move away from using it -- nickle may replace it (as an aside Sherritt could be a potential benefactor of this). He would consider selling FCC-V in favour of XBC-V (who focuses on garbage dump gas extraction).

TOP PICK

Small cap company in the green space. Their sales grew 62% year over year. They expect 2018 will increase by 50-70%. Renewable gas to energy opportunities are ahead of them. The order backlog has grown 6 fold in the last year. It is a thinly traded stock.

COMMENT

This equipment producer is active in Europe and Italy creating renewable natural gas from composting as well as methane collection in garbage dumps in North America. He likes their long term prospects.

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Xebec Adsorption (XBC.TO)