Some guidance from ENTENT just released their year-end. Totally different companies but their outlook is timely and relevant. Strong activity in Alberta and northern BC. Looking forward to our report soon.
Outlook for 2014 and Beyond
"Our outlook for the future remains positive," said Mr. Stevens. "Despite the lower demand we have seen in some markets in recent months, quoting activity in our key markets continues to be strong for work commencing later in 2014 and beyond. In the short term, we expect continuing modest activity in the first half of 2014 as equipment utilization remains lower. We are, however, experiencing strong activity from our operations in northeast B.C. and northwest Alberta in early 2014, which are supporting LNG-related natural gas projects in those regions."
Oil sands demand for ENTREC's services is expected to gain momentum as the year progresses. The Company is currently working with oil sands customers on large crane and heavy haul transportation projects that will commence as 2014 unfolds. Certain of these projects will extend through 2017.
"We believe in situ-related oil sands production will grow at a brisk pace over the next several years as new projects commence and existing facilities are expanded," added Mr. Stevens. "We believe we are well-positioned to support our customers through the construction and the MRO phases of these developments."
Northwest B.C. continues to be a busy area for ENTREC's business. The Company is working on various mining, hydro-electric, pipeline, and oil and natural gas projects in the region and is providing crane and transportation services to support a multi-billion-dollar revitalization of an aluminum smelter in Kitimat, B.C. The Company will continue to expand its service capabilities in this important region throughout 2014 in preparation of the planned development of LNG facilities in future years. These projects, along with ancillary infrastructure developments, are expected to require extensive crane and heavy haul transportation services.
Read more at https://www.stockhouse.com/companies/bullboard/v.ent/entrec-corporation#ZcIIyleWypBr2uBq.99