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Macro Enterprises (OTCMKTS:MCESF – Get Free Report) and Excelerate Energy (NYSE:EE – Get Free Report) are both oils/energy companies, but which is the superior business? We will contrast the two businesses based on the strength of their risk, institutional ownership, valuation, profitability, earnings, analyst recommendations and dividends. Institutional and Insider Ownership 21.8% of Excelerate Energy […]
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Macro Enterprises Inc. Announces 2020 Fourth Quarter and Year End Results
Summary of financial results
Three months ended
($0.63)
31,272
Note 1 - References to EBITDA are to net income from continuing operations before interest, taxes, amortization and impairment charge. EBITDA is not an earnings measure recognized by International Financial Reporting Standards ( IFRS ) and does not have a standardized meaning prescribed by IFRS. Management believes that EBITDA is an appropriate measure in evaluating the Company s performance. Readers are cautioned that EBITDA should not be construed as an alternative to net income (as determined under IFRS) as an indicator of financial performance or to cash flow from operating activities (as determined under IFRS) as a measure of liquidity and cash flow. The Company s method of calculating EBITDA may differ from the methods used by other issuers and, accordingly, the Company s EBITDA may not be comparable to similar measures used by other i
Feb 10, 2021 7:02 PM
FORT ST. JOHN, B.C. – Macro Enterprises has signed a new contract for work on the Trans Mountain Pipeline.
On Wednesday, the company announced the new contract for specific segments of the Spread 5B of the expansion. The Spread 5B segments awarded to Macro involve a combination of clearing, grading and pipeline construction along the Coquihalla-Hope corridor in British Columbia.
In December, Macro announced that Trans Mountain had terminated the contract with Marco’s partner Spiecapag Canada Corp. That contract covered Spread 5B of the expansion. Macro said the contract was cancelled due to ongoing challenges between the joint venture and Trans Mountain.