Entrec Corp ENTCF

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"ENTREC Corp is a Canada based crane and transportation solutions provider company. The group provides heavy haul transportation and crane solutions to the oil and natural gas, construction, petrochemical, mining and power generation industries. In addition, the company is also involved in providing logistics services. It principally operates in Canada and United States, of which majority of the revenue is generated from Canada."

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Entrec Corp > Net Asset Value = $0.58 -- shares now $02.8

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Comment by exponential1on Oct 03, 2018 10:10pm

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Post# 28742066

RE:Net Asset Value = $0.58 -- shares now $02.8

Any idea of the full impact of the purchase of Capstan on NAV/sh? Unsure with the complexity of the transaction as documented in the news release the net effect. Hopefully it is for a positive and not erosional...
+9MM equip +6MM real estate - 4MM equity dilution - 3MMdebt 5yr@5% - 10MM cash +outstanding debt and finance obl?? - Bridge finance cost... Don't know if it's better on NAV paper but from the perspective of taking out a competitor and merging/streamlining lowering cost in a service area makes sense assuming they had a positive cash flow business. And hopefully will be able to maintain positive margin pricing vs competitive pricing.

Thanks to NGL Canada! Hopefully Transmountain can get restarted soon. It's been a long painful ride.
Go Entrec

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