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ShawCor Secures "Significant" Contract Yet Shares Edge Off 7 cents

ShawCor Ltd. (SCL-A.TO) edged off 7 cents to $28.93 from the previous closing price of $29 even after announcing today that its pipecoating division, Bredero Shaw, has received a significant contract from Technip USA, to provide Concrete Weight Coatings, anode installation and other related services for a Latin American pipeline project.

The energy services company said the project will consist of approximately 100 km of 36" pipe to be installed offshore for the transportation of natural gas.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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