Post by
Gabriel on May 06, 2024 10:25pm
September 2024
Under SA Energy, Aecon and Robert E. Somerville are claiming 1.2B in arbitration (hearings this September). against CGL per the MD&A of TC Energy. I have read in detail the claims of another contractor on another adjacent contract and I am 99% confident and assured we will win a substantial amount when compared to our market cap. This will result in an immediate 20%+ rise.
Comment by
Henrye on May 06, 2024 11:13pm
Without any doubt, this potential settlement is Aecons secret weapon towards the 20% upside as a result of mediation. Gabriel this is huge! Amazing info for all to digest!
Comment by
Kupotea on May 07, 2024 11:09am
Hi Gabriel, Based on your expeirence how long does it typically take for the arbitration project to conclude? I'm assuming it's typically a multi-month process? Does the jurisidction for arbitration have much of an impact or is it pretty standard across Canadian provinces. Also I wanted to say thank you for your excellent analysis on Aecon to date! Thanks, Kupotea
Comment by
Gabriel on May 07, 2024 11:59am
The arbitrator will require a few weeks to render a decision, likely before Christmas in my opinion. I have an arbitration case (acting as geotechnical expert to the contractor) against the SQI in July. It lasts about a week rarely two weeks.
Comment by
Kupotea on May 07, 2024 12:46pm
Great additional context thanks Gabriel
Comment by
Henrye on May 07, 2024 1:20pm
Gabriel, truly, all our valued shareholders could use a nice Christmas gift! We anticipate this and several other gift announcements by year end 24 . I am so glad that you feel 99% confident that Aecon will receive a favourable result after September arbitration.