RE:RE:RE:RE:RE:Much better than first ReadYou are right to say that the relationship failed.
I personally have found myself in business relationships that didn't work out. The reality is that sometimes things just don't work out and it has nothing to do with talent but more to do with culture. I wish Spiecapag best wishes on CGL Spread 8 and Macro has indicated that equipment will be available to rent at market rates.
Macro took a chance on a partner that one of their senior guys had worked with in the past. They didn't get enough experience working together on the North Montney Mainline but its obvious that when they hit field on CGL there were fundamental differences in how they operated and managed projects. With CGL, Spiecapag was in the drivers seat through their control of the JV.
With respect to the JV swap and subsequent termination by TMX, it became clear to TMX that they had the internal requirement to terminate the contract. When the time comes to award the new contract, Macro has signalled (albeit cryptically) that they will be there, and this time they will be in the drivers seat.
I will be staying put for the time being but understand if others want to hit the sell button. For those of you who do want to sell, my paycheques show up on the 15th and 30th so feel free to place your ask at "market" and I'll see what I can do for you ;)
Sincerely,
LR