Sep. 19 at 6:41 AM
$CNEY CNEY is in the middle of a major transformation.
The coal business is becoming a mature, established revenue-generating operation, while the company is shifting its focus toward higher-growth opportunities like robotics and oil. The recent Alberta oil acquisition could be a major step in that transition.
At a market cap of only ~
$4M, the valuation looks extremely disconnected from the potential of the assets and the company’s reported revenue base.
The headline net loss is heavily impacted by the large allowance related to the acquisition-reversal receivable. Excluding that non-cash charge, the earnings picture would look dramatically different (6mln$+)
$17M+ in revenue, new exposure to oil, robotics on the growth side, and a multi-million-dollar market cap? The market may be missing the bigger transformation story here.
CNEY is definitely a name worth watching. 🚀
