Ronald / NQL
I've had a position in this company for the last year or so, so obviously I've been
treated well. Trimmed the position last month, took out approx. my original investment.
I suspect that there is more upside, but to be honest everything has been going so
well with it I haven't stayed as on top as I could have.
I liked the company initially because of their reputation for quality, and because they
seemed to have a solid franchise with some lines of tools (Black Max, if I recall correctly).
Nevertheless, I only took a smallish position because of the limited float - I like to be able
to get out quickly if I need to, and the major risk I saw with NQL was its liquidity. That remains
an issue.
I'm not aware of anything that's likely to derail their progress in the near term -- if the industry
really drills 15,000 wells next year, then NQL has got to thrive. That said, IMHO the easy money
has been made in this stock. We've had close to a triple already. You could sell me on a $20
target price (which is why I've kept some stock), but persoally I suspect that a more reasonable
12 month target would be $15. Keep in mind, though, that I haven't been following it that closely --
look for other opinions, and definitely do your own dd.
FWIW |
