RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Just added again today!! I am speaking as one who works in the nuclear construction industry, and has also worked in other energy sectors.
Nuclear clients (in Canada) are extremely tough.
A (Canadian nuclear) power plant's licence to operate depends upon close oversight and proof that all work performed meets CNSC, CSA, and TSSA nuclear standards. Every bit of work performed is questioned and challenged by the client. This is how it should be, considering the risks in this industry.
Aecon (with it's partners) is in a good position as a major contractor in Canadian nuclear right now. But it took decades to get there.
Some of you are talking like the acquisition of small US firms like UA&C will give instant access to the big juicy contracts on the US side.
I think it will again be a long term (and bumpy) process to establish a good reputation with US partners.
The acquisition of UA&C is not their first step into US nuclear. I'm curious how their purchase of Wachs a few years ago is working out.
In the mean time, I'm still averaging up on ARE.
GLTA,
Dan