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Our tailor-made investment solutions are personalized to meet your specific objectives. Our mission is to offer our clients an exceptional wealth management experience. Customer satisfaction is our goal.
Our tailor-made investment solutions are personalized to meet your specific objectives. Our mission is to offer our clients an exceptional wealth management experience. Customer satisfaction is our goal.
Issue 17 – Horizon North Should Not be Ignored
Horizon North Logistics Inc (TSX:HNL) is no longer a one trick pony. Its industrial service business provides many services in camps and accommodation. However, their business is no longer at the mercy of oil sands development. The industrial services business has diversified into non-energy, liquid rich plays, and Westcoast LNG. HNL is now the largest open camp provider in the Montney/Duvernay area by market share. The North Montney will be key in supporting LNG feed stock. Palos is of the opinion that the majority of Canadian E&P’s growth in the coming years will be coming from South & North Montney/Duvernay. HNL is well positioned to capitalize on this growth.
Disclaimer: Palos Funds are shareholders of HNL.
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By Charles Marleau, CIM & Joany Pagé, CFA
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