RE:RE:RE:RE:RE:RE:RE:Much better than first ReadThis brings up 2 more unanswered questions.
1. Why did Transmountain feel they had to terminate the contract if Macro approached them that they were going to be the undivided provider for them and that Spie would not be involved?
2. Is Spie holding back $20 million of revenues that Macro has already earned to date?
I could guess that an answer to the first question was that the divirce didn't play out exactly as planned and that Macro's relationship with Transmountain allowed them to ask to dissolve the partnershipand contract and then get the new contract unemcumbered.If this is the case yes it will be seen as a win.
I could also guess that if this divorce was messy Spie would try to hold up paying any monies owned and would only rent equipment and/or people from Macro as a last resort when all other options have been exhausted.
If this does play out that they regain Transmountain I think all their equipment plus many pieces of rental equipment would be needed for that contract anyway.
Thereis no doubt that the news release did a terrible job of explaining anything. They had 4 days to think this over and put together a release that informed us better and failed.