Bullboard - Stock Discussion Forum Mattr Corp T.MATR

Alternate Symbol(s): MTTRF

Mattr Corp., formerly Shawcor Ltd., is a global material technology company serving critical infrastructure markets, including electrification, transportation, communication, water management and energy. The Company operates through a network of fixed and mobile manufacturing and service facilities. The Company operates through two business segments: Composite Technologies and Connection... see more

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Mattr Corp > Papua New Guinea

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Post by longrun86 on Jan 31, 2023 4:29pm

Papua New Guinea

Hi folks,

It's always hard to tell what information the market is pricing in Vs not.

One item that I think could end up being a large upcoming contract for Shawcor is the LNG development in Papua New Guinea. In 2009 Shawcor won a sizeable contract in PNG for the startup of PNG LNG at the time this contract was in excess of $170 million. Papua New Guinea appears set to go through another major wave of Capex relating to LNG and I believe that Shawcor stands to be a significant beneficiary given its historical experience in coating projects in Papua New Guinea as well as its pipeline coating facility proximity being next door in Indonesia.

If this does go through I could see this contract award being not less than double the initial contract awarded in 2009 and could be greater than that based on the various sizing of the pipe segments.

I am also a shareholder in High Arctic and they put out a good investor presentation highlighting further developments in PNG LNG (disclaimer: this should be considered information only and I don't care if you buy HWO).

Moral of the story, there is no doubt that Shawcor's pipe coating business has a decent runway ahead of it. Let's hope market participants are willing to pay up for this!

LR

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Comment by Lindainvestor on Feb 01, 2023 10:53am

Yes i really hope for another big contract!! And look forward to the next financial report in March, too much variation everyday, so stressful !

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Comment by longrun86 on Feb 01, 2023 2:41pm

Don't sweat Mr Market's irrationality. The fundamentals are all that matters. Everything else is just noise for speculators.

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Comment by Possibleidiot01 on Feb 02, 2023 1:33pm

longrun Good previous post , I have a huge amount of faith that some , at least of that potential growth will be paid for by a potential purchaser ( you have to leave something on the table to give a purchaser a reason to buy) . See you on the HWO board. PI

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