LNG infrastructure play. No way to play this in a large cap that is safe and secure. This is a smaller company. Bought the assets that were used to build the Transmountain/Kindor Morgan pipeline to the West coast. These are called side booms and basically are used to hold up pipelines when they are being built. Were bought for book value and are very valuable. If a West Coast gas pipeline or an oil pipeline goes ahead, this company will do very well. Well-positioned. Reported good earnings over the past 6 quarters, but it is hard to put a multiple on it because it is seasonal and cyclical.
Pipeline services. Came out with good earnings, but there was no analyst following them. Expects management just decided to put up the numbers and let the market come to them. It has been an unbelievable story. Believes that going forward it is going to be strong. Have taken on some very good contracts.
Very volatile. Infrastructure work in Northeast BC and Alberta. Bought a pipeline asset last year under BV. Also, their existing business has been doing very well. Trading at about 5X PE, but growing significantly year-over-year. No coverage for the stock so you’re putting a lot of faith in the financial statements.
Macro Enterprises is a Canadian stock, trading under the symbol MCR-X on the TSX Venture Exchange (MCR-CV). It is usually referred to as TSXV:MCR or MCR-X
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0 stock analysts on Stockchase covered Macro Enterprises In the last year. It is a trending stock that is worth watching.
On 2022-04-22, Macro Enterprises (MCR-X) stock closed at a price of $4.