Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

FLINT Corp T.FLNT

Alternate Symbol(s):  NWPIF

FLINT Corp. is an integrated provider of upstream, midstream, and downstream production services. The Company’s segment includes Maintenance and Construction Services and Wear Technology Overlay Services. The Maintenance and Construction Services segment is a fully integrated provider of maintenance and construction services to the energy and industrial markets. It provides maintenance services, welding, fabrication, machining, construction, turnaround services, heavy equipment operators and a resource/labor supply. The Wear Technology Overlay Services segment specializes in the supply and fabrication of overlay pipe spools, pipe bends, wear plates and vessels for corrosion and abrasion resistant applications across various end markets. It provides maintenance, turnaround and construction services to the energy and industrial markets, including oil and gas (upstream, midstream, and downstream), petrochemical, mining, power, agriculture, forestry, infrastructure, and water treatment.


TSX:FLNT - Post by User

Bullboard Posts
Post by investmentitoson Jun 25, 2014 3:44am
310 Views
Post# 22692143

NO means NO !

NO means NO ! Wow. I was bowled over by the press release by Concerned Shareholders of Tuckamore. I urge everyone to read it. Superbe job ! What a scandal. Who needs movies when the real world is so much more unbelievable.  This is just about the biggest stink bomb. Reminds me of the Nemi shareholder revolt. Isn't there some legal fiduciary duty that directors have to the shareholders?

Brokerage firms really should know better than to do these fairness opinions and risk tarnishing their own reputation for a quick buck. I recall Baffinland - at least there, one could argue there was project uncertainty going forward. Here we have a real oil service company that is growing EBITDA 20% a year and just had a blowout Q1 2014. I'd say its gotta be worth $500 MM if its worth a dollar.

I'm glad the Right Honourable Brian Mulrooney, P.C. bailed as director - although some (those who don't like him) might say "even" he bailed out (ha ha). Well, either way that should tell you something.

If I were running TX I'd take Clearwater public in an IPO and see what the market pays for a company like that these days. (ALOT !) Then we could use our capital losses against the gains from selling shares, and pay off debt with the proceeds.

So obviously vote NO. And I'd say this is a case where one needs to take the extra step to go about dissenting in case the buyout succeeds - the judge would have to award at least $2/share just based on the latest balance sheet and the lowball (un)fairness opinion
.




 


Bullboard Posts