the two ports
About August I started doing work on two natural gas installations plus some improvements to the port at Prince Rupert and Churchill,Manitoba.The two main participants were Stantec and Armtec.The rail had to be improved and the harbour facility.The intention was to put in a small L.N.G. plant.If the industry approved they would improve the facility by themselves.
Since then there have been some changes in the stock prices of the companies affected.Armtec went from $2.50 a share to $1.40 not a good change.But it has to be remembered that Armtec was coming out of bankruptcy and is starting to stabilize.The price of natural gas has gone from $3.20 per thousand B.T.Us to $4.25 per thousand B.T.U- a thirty -three percent increase.Also Stantec has gone from about $48 a share to $72 a share a 50 %increase.This is an increase in equity of almost $2 billion. Although there is no direct connection ;it would be expected that both CP rail and CN rail would benefit from these improvements and they have .CP rail has gone from $120 to $162 a share a 33% increase and an increase in equity of almost $10 billion.CN has gone from $100 to $120(on a split basis $50 to $60).This is an increase of 20% or an increase in equity of $10 billion.Certainly not all of this was due to the port improvements and the rough L.N.G. installation but it certainly did help.send comments to this blog for business consultations
Since then there have been some changes in the stock prices of the companies affected.Armtec went from $2.50 a share to $1.40 not a good change.But it has to be remembered that Armtec was coming out of bankruptcy and is starting to stabilize.The price of natural gas has gone from $3.20 per thousand B.T.Us to $4.25 per thousand B.T.U- a thirty -three percent increase.Also Stantec has gone from about $48 a share to $72 a share a 50 %increase.This is an increase in equity of almost $2 billion. Although there is no direct connection ;it would be expected that both CP rail and CN rail would benefit from these improvements and they have .CP rail has gone from $120 to $162 a share a 33% increase and an increase in equity of almost $10 billion.CN has gone from $100 to $120(on a split basis $50 to $60).This is an increase of 20% or an increase in equity of $10 billion.Certainly not all of this was due to the port improvements and the rough L.N.G. installation but it certainly did help.send comments to this blog for business consultations
Comments
Post a Comment