Topic: How To Invest

Stock Pickers Digest Hotline – Friday, June 23, 2017

Article Excerpt

ENERFLEX LTD., $17.84, symbol EFX on Toronto, serves natural gas producers by leasing and selling them equipment. That includes compression and processing systems, refrigeration gear and power generators. The company has now agreed to buy the compression business of Mesa Compression, LLC for $106 million U.S. in cash. The purchase adds a compression fleet of about 112,000 horsepower, and increases Enerflex’s global contract compression fleet to over 600,000 horsepower. The Mesa business generated revenue of roughly $25.7 million U.S. in 2016. To put that in context, Enerflex reported revenue of $1.1 billion in 2016. The Mesa acquisition is a small one for the company, but it does widen its geographic exposure, specifically in the fast-growing Permian and Scoop/Stack natural gas basins of the U.S. OUR RECOMMENDATION: Enerflex is still a buy. Enerflex recent coverage July 2017 issue April 2017 issue ADOBE SYSTEMS INC., $145.41, symbol ADBE on Nasdaq, makes software that lets computer users create, edit and share documents in the popular PDF format. The company continues to benefit…