Relatively large company for this thread. TSE:BDI - Black Diamond Group (different than the ski equipment company). Note: I am lazy so I am writing this up off the top of my head so the numbers may be a little off. I got this idea after seeing oil spike and looking at other oilfield accommodation companies (i.e. Civeo). Basically, BDI provides (basically monopoly lodging) to oil E & P companies in remote areas in the oil sands. They have another segment that does modular unit rentals (i.e. mobile first aid trucks, mobile schools, etc.), but the lodging business is the main driver of the thesis. I've listened to Imperial Oils conference call, they are looking to go from 180k barrels a day to 240k barrels a day (a 33% increase). Suncor is looking to increase FCF by 500 million a year (a 16%) increase. The local economies in Northern Alberta's construction business seem to be booming based on Western One results (another equipment leasing company). Western One attributes this to increased oil activity. At it's peak, BDI had a market cap of 1.5 billion, currently the stock is trading at 150 million. It has slightly more rooms than it did at its peak (roughly 15k rooms), and it bought another line of business, less correlated (but still correlated) with oil from Western One (another CoBF thread) when Western One had liquidity issues. Currently, EBITDA is around 35 million and total EV is roughly 250 million. In 2014 when everyone and their brother were extracting oil from the oil sands, this company had EBITDA of 150 million (and a market cap of 1.5 billion). If you ignore Britco (the business BDI bought which has EBITDA 20-30 million a year), on a per room basis BDI is valued at 16k EV. Civeo the market leader (and also way down from it's peak) is trading at an EV/room of 30k and applying Civeo's multiple to BDI would result in the equity going to 370 million (and getting Britco for free). Civeo is the market leader, but its purchase of Noralta was at an even higher EV/room multiple (although Noralta seemed to be doing very well compared to both BDI and Civeo, but is also half BDI's accommodation division's size). I think using the Noralta multiple, BDI should have an EV of something like 860 million. Now BDI may have the most attractive relative valuation, but if the market returns to 2014 levels, all these companies should be 5-10 baggers. Managment is decent to good in my opinion (see the Britco acquisition as well as a requirement to own a multiple of earnings as shares in the company), but I didn't investigate that thoroughly and would be interested to hear others thoughts. Other companies to look for include Horizon North Logistics.