The long-delayed Coastal GasLink project has been subject to repeated cost overruns.
Piping is seen on the top of a receiving platform which will be connected to the Coastal GasLink natural gas pipeline terminus at the LNG Canada export terminal under construction, in Kitimat, B.C., on Wednesday, September 28, 2022. THE CANADIAN PRESS/Darryl Dyck) shares plunged nearly 19 per cent on Tuesday, after analysts at BMO Capital Markets downgraded the stock, warning of a “cash flow drag” extending into 2025.) Coastal GasLink pipeline project on Friday.
“The additional costs to complete the other legacy fixed-price projects suggest a more pronounced cash flow drag in 2024 that could potentially carry over into 2025, with prospects for partial recoveries of cost overruns appearing to diminish.” “The Coastal GasLink settlement allows Aecon to close the chapter on one of the most technically and financially challenging projects in its history, and represents continued progress in reducing the uncertainty associated with Aecon’s four legacy projects,” CEO Jean-Louis Servranckx stated in Friday's release. -- Steve Ballmer passed Bill Gates on Monday to become the sixth-richest person in the world, the first time the former chief executive officer of Microsoft Corp.
The Great Recession ended 15 years ago. Buying these stocks back then would have been a brilliant move. The post 3 AI Stocks That Have Turned $25,000 Into $1 Million in 15 Years appeared first on The Motley Fool Canada.Deere & Co. is laying off nearly 600 workers as the farm equipment manufacturer deals with declining demand.
Coastal Gaslink Private Equity Firm Alberta Investment Management Corp.
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