RE:RE:RE:RE:RE:RE:Q4 and 2017 Year-End ResultsSounded like they will set up a US division for thir excess snubbng assets. From my limited channel checks, most private Cad energy service co's are kind of just muddling along with no one of signifigance in extreme dire straits at the moment. With Canada expecting a flatish kind of 2018 for activity, perhaps this could be a catalyst for m+a.
On a side note, TOT.CN, as of end of Q4 2017..a position of 4.6M of marketable securities. Per haps it is whats left from their hostile takeout bid for SDY.CN in Sept. 2015(they held 9.95% at one point) OR they might be building a stake in another Cad service name?? I consider them to be an exceptionaly well run company and would welcome them as a buyer for any of the Cad service names which I hold. Stay tuned...will be watching that line item going forward.....
Risus76 wrote: Yes, you are correct LuckyLuch. Do you think they want to move their equipment down to 1) rent them out to other companies? 2) establish a subsidiary in the US to outright provide their snubbing services? And/or 3) purchase a Canadian or US company with operations in there basins to deploy their equipment/services?