Aecon Group Inc T.ARE

Pickering

[Gabriel]

Three days ago, a source hinted to the Globe and the government of Ontario confirmed the next day that it intends to refurbish reactors 5 to 8 of the Pickering Nuclear station, increasing output to 2,000 MW and extending life by 30 years.

While a comprehensive budget was not provided, the Globe source noted that the $2 bln Project Initiation phase would last through the end of this year, with construction taking place over a decade for completion in 2035.

Aecon gets 15% of its revenue from Nuclear.  Based on the ongoing $12.8 bln Darlington refurbishment, the budget for Pickering could be in the $16 bln range leading to material backlog addition for Aecon at a higher EBITDA margin in addition to a recurring revenue stream

[Henrye]

Good morning Gabriel! Great heads up on Aecon huuuuge nuclear potential Pickering job!!! And related numbers!!!! As I said , and we both very well know that behind the scenes, there are many "cheers " celebratory glass clinging for the many positive initiatives in progress that will be announced for the remaining 11 months in 2024 and all employees in all Aecon divisions are "

[Meesha1]

Okay. I officially feel stupider for having read this. I'm out....goodbye Stockhouse. Last post.

[Alexcanada]

Would you care to elaborate ?

[Henrye]

Lol, you said that last time! 

[Henrye]

I am like an expectant father! Pacing back and forth wondering who the NEW CFO will be!! Very important piece to the puzzle in today's complex world!