NolanM

Fitness freak, Wealth Manager

[NolanM @fitNolan]

@onecentinvest FTG no doubt. Management is top shelf and large shareholders. Consistent high growth and opportunistic acquisitions.

[NolanM @fitNolan]

@FitFounder Adopt a dog and walk it at least an hour every day with no AirPods/headphones.

[NolanM @fitNolan]

@APompliano @brentlsaunders He gave you the answer @andrewrsorkin . His $5m will be worth $50m on listing. Disappointing that they refused to say it again/confirm it when pushed.

[Welfare Capital (Jack) @Pray4Equity]

Long $MCB.TO — oilfield automation and services, $90mm CAD market cap. This is a 111 year old company that’s been providing oilfield equipment for over 50 years. The current CEO has been with the company since 2002.

Profitable, growing, trading at 9x TTM earnings backing out net cash, and beginning to introduce a pretty revolutionary full product suite to automate casing running - the process of lowering sections of steel casing into an open wellbore to act as a liner, reinforcing the wellbore and acting as a channel through which oil and gas can be extracted. This is a pretty critical step in drilling any new well, and has applications in both onshore and offshore oil and gas.

If you guys have seen those viral videos of oilfield workers running casing, you know how dangerous and physically demanding this job looks. It’s extremely tough stuff — comes with a lot of injuries, it’s very difficult to hire for, and because the work sucks so much and nobody wants to do it, the pay needs to be fantastic. It’s a painful and expensive process for operators and oilfield workers alike, see the attached content.

$MCB.TO has spent 6 years developing a product suite that can effectively automate this process, more than halving the usual need for skilled workers, with labour costs typically making up 50% of casing running costs.

$MCB.TO ‘s automated product suite increases safety, efficiency, and cuts costs significantly for oilfield operators to complete this process. Their automated product suite here includes a SaaS package, without which none of the other equipment works. Their software facilities communication between all the necessary pieces of equipment, monitors torque levels, analyzes casing rotation speed, and it includes a sensor suite that can monitor for various extreme conditions during a casing run — all of this automation significantly decreases the workload for casing crews and eliminates a significant chunk of the involved labor. It can also ensure higher wellbore integrity.

They’re first to market with this stuff — competitors have bits and pieces of separate equipment, but they’ve got the full package, and it’s a much better offering. It would likely take a similar amount of time and investment for competitors to copy this suite, and some of their new high-tech equipment is specifically IP protected.

The margins on their software system will be sweet, much higher than current mid-30s gross margin. So you’ve got high incremental margin expansion baked into every product suite these guys sell, and they’re going to see significant topline growth given the scale of the problem they’re addressing and the willingness with which operators are going to integrate this tech.

The existing business is already solid. No debt, $10mm CAD cash position, enough working capital to fund their new system. They’ve stayed in business for over a century, I’m sure they know what they’re doing.

Current revenues are a 50/50 split between Americas and ROW, shipping to 50 countries any given year. They’ve already got a 40% recurring/repeat revenue split selling oilfield consumables, replacement products, and servicing equipment.

They’ve already begun rolling out their new product suite and receiving SaaS contracts. I’m expecting them to see significant topline growth from their new products with a lot of margin expansion to boot. They pay a 3% dividend and are buying back shares here.

Dwindling rig counts are a risk. I can’t forecast where the price of oil will go or how the drilling process will shake out, but in previous years they have increased sales despite dwindling rig counts simply because their technology is a better solution — I don’t see why they couldn’t do that again. When oil prices eventually head back up, rig counts will follow suit, and many oil operators will likely go straight to $MCB.TO ‘s product suite.

Still some more research I need to do but I think these guys will do well. Long 12% allocation @ $3.26 CAD.

[NolanM @fitNolan]

@ScottJenningsKY This is the first watchable @CNN clip in months. Balanced moderator and 2 smart and honest guests. I’m still not convinced @CNN can change from a biased 3 or 4 on one Democrat mouthpiece, but this was a small +ve step.

[NolanM @fitNolan]

@shantaram83 @KyleAdamsStocks Wake up @shantaram83 - Jonah is legit, his stock picking is unparalleled. Do some research.

[NolanM @fitNolan]

@JonahLupton Kudos Jonah. Watching closely. Really impressive.

[NolanM @fitNolan]

@JonahLupton Growth Stock Compounder

[NolanM @fitNolan]

@JonahLupton Jonah’s performance is 100% legit. Ignore the haters man.

[NolanM @fitNolan]

@JonahLupton Awesome job

[NolanM @fitNolan]

@JonahLupton Well done. Really impressive.

[NolanM @fitNolan]

@JonahLupton Rockstar performance Jonah. Congrats.

[NolanM @fitNolan]

@JonahLupton @JonahLupton is the real deal.

[Paul Andreola 🇨🇦 @PaulAndreola]

Ok, let's take the good karma approach again. It's worked very well for everyone the last 3 times we've done it. If you're interested in knowing the name of our latest "fat pitch" make a small donation to my favourite charity https://t.co/3l0oHfPeFX. And if you want to take it a step further, if you retweet this and like this tweet I'll throw in 60 days free membership to our newsletter.

[NolanM @fitNolan]

@CNN tried to watch update on Israel/Gaza hostages. 15 minutes of commercials. 5 minutes of coverage being constantly interrupted.....for more ads. @cnn true to form. Pathetic.

[NolanM @fitNolan]

@CNNnewsroom Tonight’s coverage of the Uvalde shooting is important. But disappointing and frankly disgusting is the amount of commercial breaks taken. Almost feels like you are exploiting the situation to get viewers to watch the ads. Switching off. @CNN

[Bob Lang @aztecs99]

https://t.co/2vOKzP5HwY

[NolanM @fitNolan]

@CordovaTrades Great retort Julia. A-hole.

[NolanM @fitNolan]

@NBCSNCycling issue with sound today?

[NolanM @fitNolan]

@CNBC @andrewrsorkin Finest investor? Luckin Coffee? GME ? Come on!!