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Stock impact report

North American Construction Group Ltd. Announces $275M Oil Sands Contract Award and Extension

North American Construction Group Ltd. Common Shares (no par) (NOA)  More Company Research Source: GlobeNewswire
Last north american construction group ltd. common shares (no par) earnings: 2/19 04:05 pm Check Earnings Report
PDF ACHESON, Alberta, Sept. 14, 2021 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. (“NACG” or “the Company”) (TSX:NOA.TO/NYSE:NOA) today announced a contract award to Mikisew North American Limited Partnership (“MNALP”) by a major oil sands producer. The contract effectively extends the existing master service agreement between NACG and the producer to December 2023 but transitions to MNALP as the contractor. NACG anticipates the contract to generate approximately $275 million in revenue for NACG over the term of the agreement. The contract award results in NACG’s combined backlog increasing to approximately $1.9 billion which is another record level for the Company. Furthermore, this transition of scope to an Indigenous partnership continues NACG’s positive trend in meeting and exceeding our goals as set out in our annual Sustainability Report. Joe Lambert, President and CEO, stated: “Consistent with our corporate strategy, sustainability goals and previous communication [Read more]
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