While the number of wildfires has trended lower over the past few decades, the severity of those fires has increased…

… a real problem with no easy fixes. Dexterra (DXT) and Black Diamond (BDI) are each up nearly 10% since smoke enveloped Bay Street two days ago, given they’re tied to the solution…

… with DXT’s fire support services segment doing revenue of $56M in 2023 alone, which was the worst wildfire season on record. Its reforestation business should also see increased demand…

… as could BDI’s workforce accommodation solutions, which house impacted communities and remote crews involved in wildfire remediation.

The pair has seen multiples double in recent years on investor optimism around natural resource projects, so the bid is incremental…

… but the fundamental setup could be structural if we’re not able to solve prevention.

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