Post by
longrun86 on Jan 31, 2023 4:29pm
Papua New Guinea
Hi folks,
It's always hard to tell what information the market is pricing in Vs not.
One item that I think could end up being a large upcoming contract for Shawcor is the LNG development in Papua New Guinea. In 2009 Shawcor won a sizeable contract in PNG for the startup of PNG LNG at the time this contract was in excess of $170 million. Papua New Guinea appears set to go through another major wave of Capex relating to LNG and I believe that Shawcor stands to be a significant beneficiary given its historical experience in coating projects in Papua New Guinea as well as its pipeline coating facility proximity being next door in Indonesia.
If this does go through I could see this contract award being not less than double the initial contract awarded in 2009 and could be greater than that based on the various sizing of the pipe segments.
I am also a shareholder in High Arctic and they put out a good investor presentation highlighting further developments in PNG LNG (disclaimer: this should be considered information only and I don't care if you buy HWO).
Moral of the story, there is no doubt that Shawcor's pipe coating business has a decent runway ahead of it. Let's hope market participants are willing to pay up for this!
LR
Comment by
Lindainvestor on Feb 01, 2023 10:53am
Yes i really hope for another big contract!! And look forward to the next financial report in March, too much variation everyday, so stressful !
Comment by
longrun86 on Feb 01, 2023 2:41pm
Don't sweat Mr Market's irrationality. The fundamentals are all that matters. Everything else is just noise for speculators.
Comment by
Possibleidiot01 on Feb 02, 2023 1:33pm
longrun Good previous post , I have a huge amount of faith that some , at least of that potential growth will be paid for by a potential purchaser ( you have to leave something on the table to give a purchaser a reason to buy) . See you on the HWO board. PI
Comment by
Lindainvestor on Feb 03, 2023 2:14pm
Today's price increase is suspicious, I think someone knows something, we should gets news soon!!
Comment by
Lotus33 on Feb 03, 2023 4:35pm
I agree: I think one or more parts of this Co. are about to be sold..!.!.! L-33