CGL Project Review Underway Good afternoon,
I am typing this from my iPhone so I don't know how to paste the link; however, an article I was just reading has informed me that CGL is reviewing its project cost and timing schedule.
This review will be material to Macro and I would expect that upon completion of the review Macro will update shareholders with the forecast revenue from its CGL spreads.
You will recall that the initial JV estimate for Macro's spreads was in excess of $900 million. This review should provide a better assessment of the contract value and hopefully confirm that Macro is on track to deliver its completed spreads on time.
Enjoy the weekend!
LR