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-0.0263157894736843 -0.0263157894736843 -0.0263157894736843 0.0081052631578947 0.00877192982456137 0.0168771929824562 0.0175438596491229 0.0175438596491229
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North American Construction Group Ltd. Announces the Award of a Second Significant Term Contract for Earthworks in the Oilsands

North American Construction Group (NOA)  More Company Research Source: GlobeNewswire
Last north american construction group earnings: 10/30 04:05 pm Check Earnings Report
PDF ACHESON, Alberta, June 20, 2018 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. (“NACG” or “the Company”) (TSX:NOA.TO) (NYSE:NOA) today announced the successful negotiation of a second term contract related to the recently notified extension to a key Master Services Agreement, with a major oil sands customer. The work-scope involves mine reclamation services and has duration of three years, commencing with this winter season. The value of this incremental backlog is expected to be around $160 million. Martin Ferron, Chairman and CEO, stated: “It appears to becoming a trend that customers are willing to consider term contracts to lock in heavy equipment availability in a tightening marketplace. This much improves our work visibility and provides us with a more positive operating environment in which to make capital allocation decisions.” About the Company North American Construction Group Ltd. (www.nacg.ca) is the premier provider of heavy construction and mining servic [Read more]

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