RE: RE: Record Q1 sales and tonnage Excellent news and excellent analyses.
It might be and probably is conservative.
The whole point of having their own aggregate deposits is to increase profitability, with margins more than double those of the managed pits.
Using just a double gives net earnings above
.06/share for Q1.
Q1 is normally breakeven, so Q1 will add at least 6 cents to the 11 cents earned in 2011.
Q2 will also be stronger than Q2 of 2012 due to sales of the residual House River contract.
Add another 2-3 cents per share to Q2 of 2011.
In June, we shall see new sales from the Kearl pit which will also be the case in Q4.
Add another 2-3 cents per share ( very conservative ) for each of those quarters.
Put all of this together, and ABM could hit
.25/share this year.
Plus the frac sand plant.
Irving will be on BNN this afternoon.