GREY:MCESF - Post by User
Comment by
undervalueon Nov 03, 2021 10:07am
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Post# 34081669
RE:From TD regarding the SA Joint venture
RE:From TD regarding the SA Joint ventureThe industry players have all had a poor contract or 2.
For Mcr it was the first Tc large diameter pipe they took on. As well, the recent Enbridge facilities arguement.
I believe that margins are expected to be double digit to compensate risk levels.
We have a huge amount of experience in management to steer us.
The result, while lumpy is a significant balance sheet and enterprise that the market doesn't really want to pay for.
No doubt the business has grown a huge amount over the years despite contract risks.