Recent deal with Tourmaline is bullish for Trican Trican’s recent deal with Tourmaline provides a tonne of upside potential for shareholders of this company. As per the provisions of this agreement, Trican’s Tier 4 engines will be improved to minimize expenses related to fuel and emissions. The overall cost of this process might be as high as $20 million. Indeed, this is a substantial amount for Trican right now. That said, the time at which this deal has materialized is quite intriguing.
After all, this company wouldn’t have signed this agreement, unless it had the expectation of generating positive near-term to medium-term returns for shareholders. It appears that Trican is looking to leverage the strengths of this sector. As a result, there appears to be ample room for optimism for those who are bullish on commodity prices.