RE:RE:RE:RE:RE:RE:Undisclosed DivestmentI can tell you for certain they spent at least $50 M on trucks and tankers from 2016-2019. NGL trailers do not lose money they trade at 95% new price after 5 years and 2 MN KM. Deal smells so corrupt it's not funny. Who was the buyer?
fauxtomato wrote: Your numbers seem to line up with the transaction value. I don't know how much was invested from the time of the acquisition to the time of the sale, but they booked a profit on their portion of the fleet and are moving on. I was surprised they sold it as it had some integration value between Acheson and Brazeau, but I guess you're out of cash you're out of cash. The shift in focus from legacy Alberta assets to making diesel from crops isn't ideal but I guess that's where the money and the market is