North American Construction Group's High-Carbon Energy Focus a Plus -- Market Talk

Dow Jones04-18

1109 ET - North American Construction Group's focus on high-carbon energy markets gives it an edge over its Australian peers, TD Cowen's Aaron MacNeil says in a report. The analyst points out that 50% of NACG's revenues come from these end-markets, and while Australian peers are focusing more on what he calls future-focused metals exposure. "NACG addresses what appears to be a decreasingly competitive wedge of the energy mix," MacNeil says, pointing to high-carbon energy sources such as oil sands and coal, while competitors pivot to other end markets. He adds that the company's estimated free cash flow yield of 18% "is more than justified and that investors can expect enhanced project economics and a continuation of its strong historical growth profile." (adriano.marchese@wsj.com)

(END) Dow Jones Newswires

April 18, 2024 11:09 ET (15:09 GMT)

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The analyst points out that 50%...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AFG","symbol_name":"美国金融集团有限公司","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2428513221","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2428513221","pubTimestamp":1713452940,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1109 ET - North American Construction Group's focus on high-carbon energy markets gives it an edge over its Australian peers, TD Cowen's Aaron MacNeil says in a report. 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The analyst points out that 50% of NACG's revenues come from these end-markets, and while Australian peers are focusing more on what he calls future-focused metals exposure. \"NACG addresses what appears to be a decreasingly competitive wedge of the energy mix,\" MacNeil says, pointing to high-carbon energy sources such as oil sands and coal, while competitors pivot to other end markets. 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