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Bullboard - Stock Discussion Forum Aecon Group Inc T.ARE

Alternate Symbol(s):  AEGXF

Aecon Group Inc. is a Canada-based construction and infrastructure development company. The Company delivers integrated solutions to private and public sector clients throughout Canada and other countries. It operates through two segments within the infrastructure development industry: Construction and Concessions. Its Construction segment includes all aspects of the construction of both public... see more

TSX:ARE - Post Discussion

Aecon Group Inc > Sytchev
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Post by Gabriel on Mar 07, 2024 8:57am

Sytchev

Projected SNC would be out of the LSTKs way too soon and had elevated targets which he then reduced to 35$ about a year ago. It is now at 55$.
Comment by Alexcanada on Mar 07, 2024 9:09am
I give much more credit to what Gabriel has to say on the matter because : 1) he has skin in the game 2) he helped me increase the value of my portfolio by millions Market is always forward looking. Balance the risks associated with the current LSTKs with the exploding demand in producing clean energy, increasing and replacing the grid, infrastructures, etc. And you will see that we are trading ...more  
Comment by Dibah420 on Mar 07, 2024 9:17am
Agreed.  Sytchev's reasoning appeared a bit foggy to me.
Comment by Gabriel on Mar 07, 2024 9:15am
Besides we share Eglinton and the REM with SNC who also bears Trillium.  Most of our LSTK backlog is associated to the Gordie Howe bridge (250m) and an arbitration on a project where as I understand it the site conditions were substantially different from what was indicated in the tender documents most likely the soils and when the client refused the factual proof that this would require a ...more  
Comment by Gabriel on Mar 07, 2024 9:20am
I advise in this specific field. I have a major geotechnical case in arbitration this summer and am working in this case for a contractor.