RE: When14 Jun 2016 08:36
Yes, always very important to keep a regular dialog going with the CEOs of companies you are invested in. Generally I find CEOs are interested in their shareholders.
Anybody read RNS's properly? So what about Mexico update ago RNS'd 7 weeks ago; does anybody think those discussions might be closer to fruition?? imo Mexico is the focus/prize for Northcote, this strategy takes time to have a meaningful impact....let's see.
From RNS 20/4/2016
Business Development Update
Abraham Achar, Northcote Vice President responsible for the development of new business opportunities in Mexico, has focused on leveraging existing relationships to develop opportunities outside the remediation business in the downstream sector of Mexico’s energy industry. To this end, Northcote is in discussions with US based providers of services to the downstream oil and gas sector regarding various potential business opportunities, joint ventures or potential acquisitions for purposes of addressing the opportunities in Mexico.
Mayan Drilling Fluids remains a critical component of Northcote’s long term strategy both for participation in Mexico’s upstream sector, but also as a platform to leverage into non-oil price dependent, secular growth opportunities in Mexico resulting from the energy reform, including remediation, and potentially other services, within the retail fuel distribution business.
Northcote Managing Director Randall J Connally said “We continue to believe that Mexico is a major part of Northcote’s future growth and are excited to be moving forward again with respect to completion of the remediation facility. We are committed to Mexico for the long haul and plan to leverage our existing investment and operations to build a substantial business providing services to the Mexican energy sector. "
imo
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