Turner Valley Oil and Gas Inc (TVOG)

[Werbe]

No distressed assets from what I have read. Regardless, sellers reasons are no matter. They were audited and estimated to have serious revenues of $14,000,000 last year from these tankers. New infrastructure plan @ home will require incredible amounts of asphalt. Them acquiring a working fleet is fantastic.

Turner and the investment bank believe that these assets can be operated more efficiently than the previous company was able to accomplish, and acquiring their assets at attractive valuations will provide a competitive advantage. Turner is in discussions with prospective executives and board members with experience in international shipping to join Turner’s management team to run this new Turner subsidiary.  Upon completion of the Acquisition, the new Shipping Company will be a wholly owned subsidiary of Turner. A bitumen tanker company website with complete details and information about the new venture will be revealed soon.