Entrec Corp ENTCF

Industrials

"ENTREC Corp is a Canada based crane and transportation solutions provider company. The group provides heavy haul transportation and crane solutions to the oil and natural gas, construction, petrochemical, mining and power generation industries. In addition, the company is also involved in providing logistics services. It principally operates in Canada and United States, of which majority of the revenue is generated from Canada."

GREY:ENTCF - Post by User

Entrec Corp > Does anyone know?

<< Previous

Bullboard Posts

Next >>

Comment by exponential1on Jan 17, 2020 2:32pm

287 Views

Post# 30566224

RE:RE:Does anyone know?

Concur, I'm assuming no significant cranes went in the sale, as they're bound as collateral in the long term debt... If sold then that portion would need to be paid as well I believe. So then it's primarily just for the existing MRO crane business...not much of a multiple. No mention of moving all the existing cranes to the US or to Ritchie bros and buying/leasing more new in the US...? Sad... was hoping with TransMountain and LNG Canada making some progress could get some of that and would turn this ship around. Saw Mammoet opened shop in Kitimat...maybe this was an amalgamation to compete.

<< Previous

Bullboard Posts

Next >>

Air Canada stock rises as service from Ottawa grows