A O Smith Corp V.AOS

Primary Symbol: AOS

Industrials

A. O. Smith Corporation applies technologies and solutions to products manufactured and marketed worldwide. The Company operates through two segments: North America and Rest of World. Both the segments manufacture and market a comprehensive line of residential and commercial gas and electric water heaters, boilers, tanks, and water treatment products. Its Rest of World segment is primarily comprised of China, Europe, and India. The North America segment serves residential and commercial end markets with a range of products, including water heaters, boilers, water treatment products, and other. The Company also manufactures expansion tanks, commercial solar water heating systems, swimming pool and spa heaters, related products and parts. Its Lochinvar brand is a residential and commercial boiler brand in the United States. Its water softener branded products and problem well water solutions include the Hague, Impact Water, Water-Right, Master Water, Atlantic Filter and Water Tec brands.

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A O Smith Corp > Clearwater phase 1 project appears to be dead

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Post by maramos98on Jul 26, 2013 7:16am

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Post# 21631845

Clearwater phase 1 project appears to be dead

On July 25, 2013, the Alberta Governmentannounced external link icon

an Urban Development Sub-region PDF icon

of more than 55,000-acres of Crown land for urban expansion in Fort McMurray.

Leases in the Urban Development Sub-region not compatible with urban development, which includes all oil sands leases and incompatible surface dispositions, will be cancelled to make room for municipal expansion. Lessees will be compensated in accordance with existing legislation.

clearwater phase one is located at airport. Blue outline indicates land release with cancelled oilsands leases.

The question is how much compensation will AOS get. They have spent over 50 million on clearwater to date which is almost 4 times our current market cap..

UDSR map in JPEG format see the PDF version for detail