Friday, March 24, 2017

The Canol Road, Yukon, Canada

In April 1942, the U.S. military embarked on a grand scheme to tap a local source for vitally needed oil to support its northern World War II operation.

The war effort included construction of the Alaska Highway, the deployment of thousands of troops in Alaska to guard against a feared Japanese invasion from the captured Aleutian Islands, and a major airlift of supplies to Siberia to aid a beleaguered Russian army’s ultimately successful struggle to turn back a German invasion.
The Canol (short for Canadian Oil) Road was part of a project to build a pipeline and a road from Norman Wells, Northwest Territories to Whitehorse, Yukon during World War II.

The pipeline no longer exists, but the 449 kilometres (279 mi) long Yukon portion of the road is maintained by the Yukon Government during summer months.

The 4 inch pipeline was laid directly on the ground, and the high grade of the oil allowed it to flow even at −80 °F (−62 °C). Workers on the road and pipeline had to endure mosquitoes, black flies, extreme cold and other difficult conditions.

One poster for the company that hired workers warned that the conditions could be life-threatening; emphasising that if people were not willing to endure the conditions, they should not apply for the work. The oil flow commenced in 1944, but was shut down in 1945, having not performed entirely satisfactorily.
The primary pipeline between Whitehorse and Canol was later removed and sold for use elsewhere. The refinery was purchased in early 1948 by Imperial Oil, dismantled, and trucked to Alberta for the Leduc oil strike.

The roadway is the surviving legacy of the Canol project. Although abandoned in 1946–1947, the southernmost 150 miles (240 km) was reopened in 1958 to connect Ross River, Yukon with the Alaska Highway.

New Flyer Industries Inc. - NFI.t

New Flyer Industries Inc. - NFI.t is the leading manufacturer of heavy-duty buses in the U.S. and Canada.

New Flyer has grown to an international organization of over 2,200 highly-skilled people dedicated to planning, producing and servicing the industry’s most reliable heavy-duty transit vehicles.

On December 13, 2016 the company released Numbers

New Flyer Announces Fourth Quarter and Fiscal Year 2016 Results

• Fiscal 2016 Revenue of $2.3 billion increased by 47.8% compared to Fiscal 2015.
• Fiscal 2016 Adjusted EBITDA and net earnings were $289.1 million and $124.9 million increased by 90.8% and 131.7% compared to Fiscal 2015, respectively.
• Fiscal 2016 earnings per share of $2.10 increased by 116.5% compared to Fiscal 2015.
• Fiscal 2016 Free Cash Flow and dividends declared were C$216.3 million and C$54.0 million, which increased by 99.7% and 59.8% compared to Fiscal 2015, respectively. The Free Cash Flow payout ratio during Fiscal 2016 was 25%.
• Total backlog of 10,187 EUs (valued at $5.23 billion) increased 5.4% during Fiscal 2016.
• Total leverage ratio of 1.94 at end of Fiscal 2016 improved from the pro forma ratio of 2.91 at end of Fiscal 2015

Thursday, March 23, 2017

Detour Gold Corp. - DGC.t

Detour Gold Corp. - DGC.t is advancing the flagship Detour Lake deposit.

With 16.4 million ounces in reserves, Detour Lake is the second largest gold producing mine in Canada with the largest gold reserves.

On March 22, 2017 the company released News

Detour Gold loses $6.9-million in 2016
Detour Gold Corporation (TSX:DGC) ("Detour Gold" or the "Company") reports its financial results for the fourth quarter and full-year 2016. The Company previously released its fourth quarter and full-year 2016 operational results on January 30, 2017. All amounts are in U.S. dollars unless otherwise indicated.