RE:RE:RE:Hummm JV Honeymoonsavyinvestor333 wrote: Not sure the market will see it that way as Coastal is a going concern. Trans Mountsain has not given Macro notice to proceed. I know we are expecting this announcement any day but a bird in the hand is worth two in the bush. Earnings were way better than expected so this should be viewed poitively.
I posted this on Nov 29 I guess we are back in the bush looking.
Surprised the stock price held up as well as it did. Could be a sign that sellers are done and tax loss season is almost over. Maybe this was for the better as most of us know the JV was never getting along starting with North Monteney whick broke up before starting. I have hear the French people are difficult to work with and rumours about there "pipelining skills" that do not compare to Canadian Industry Standards. We could end up with margin upside and less chance of a loss if the equipment and people are "rented out" as suggested in the release. Maybe they pulled one over on Spie and collected a bonus payment for the breakup and will be awarded spread 5B in 2021. These are all possible scenarios but until management enlightens us, all they are are guesses.