Black Diamond has announced two customers in the oilsands have renewed full turnkey accommodation contracts for the time frame spanning October 1, 2015 to April 30, 2016 (7 months). The contracts are expected to generate minimum revenue of $13.4 mm for 700 beds. As such, the minimum revenue per bed day is $91. However, we do believe there is some upside to this estimate if utilization or services rendered is higher than the minimum commitment amount. It is unclear what the potential above the mi ....
10 Sep 2015
BLACK DIAMOND GROUP LIMITED (BDI) ANNOUNCES SHORT-TERM RENEWAL OF OILSANDS CONTRACTS
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BLACK DIAMOND GROUP LIMITED (BDI) ANNOUNCES SHORT-TERM RENEWAL OF OILSANDS CONTRACTS
Black Diamond Group Limited (BDI:TSE) | 0 0 1.4% | Mkt Cap: 165.7m
- Published:
10 Sep 2015 -
Author:
Ian B. Gillies -
Pages:
2
Black Diamond has announced two customers in the oilsands have renewed full turnkey accommodation contracts for the time frame spanning October 1, 2015 to April 30, 2016 (7 months). The contracts are expected to generate minimum revenue of $13.4 mm for 700 beds. As such, the minimum revenue per bed day is $91. However, we do believe there is some upside to this estimate if utilization or services rendered is higher than the minimum commitment amount. It is unclear what the potential above the mi ....