PPIH...Nice little pop on news. Nelson, maxluke...this has been a tough one to build a position in. Been slowly buying and adding but today's news spiked the price up on me. Maybe it'll dip back down though. Anyway, I'm averaged in at $8.14 with somewhat of a decent position. Thanks for the heads up nelson. This looks to be a good one to watch throughout the year.
Here's last night's news...
Perma-Pipe International Holdings announces acceptance into QatarEnergy’s Tawteen Program
SPRING, Texas, January 03, 2024--(BUSINESS WIRE)--PERMA-PIPE International Holdings, Inc (Nasdaq: PPIH) today announces its acceptance into QatarEnergy’s Tawteen program.
Tawteen is the Supply Chain Localization Program for the energy sector in Qatar led by QatarEnergy. PERMA-PIPE will aim to provide pre-insulated piping systems, custom fabrication and 3-layer polyethylene coatings for QatarEnergy projects.
Saleh Sagr, Senior Vice President for PERMA-PIPE’s MENA region commented, "We are pleased to announce and place great significance on our relationship with QatarEnergy and the Qatari market. QatarEnergy is in the process of expanding its LNG production capacity from 77 million mtpa to 126 million mtpa by 2026, and this will require the construction of compression facilities and pipelines. We have served this market since 2006 and now, through the Tawteen Program, our local facility will be able to work more closely with QatarEnergy providing our latest innovative technologies."
David Mansfield, President and CEO of PERMA-PIPE International Holdings, Inc stated, "The Tawteen program has three primary objectives; to support the realization of Qatar National Vision 2030; to establish sustainable and competitive in-country suppliers that meet the requirements of Qatar’s Energy sector; and, to support the growth and diversification of Qatar’s economy. We are extremely proud to be able to deliver to all areas of this program."
Perma-Pipe International Holdings, Inc.
Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) is a global leader in pre-insulated piping and leak detection systems for oil and gas, district heating and cooling, and other applications. It uses its extensive engineering and fabrication expertise to develop piping solutions that solve complex challenges regarding the safe and efficient transportation of many types of liquids. In total, Perma-Pipe has operations at fourteen locations in six countries.
The information posted by 2morrowsGains is opinion only and should not to be taken as investment advice.
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