Updates report to the management on audit results and
asset utilization as well as recommend changes financial activities
Not exact matches
In the Middle East («MEA») Area, McDermott experienced high levels of both fabrication activity and
utilization of marine
assets,
as the majority of the Saudi Aramco Long Term Agreement II («LTA II») platforms left the Jebel Ali yard to be installed.
If an ownership change is deemed to have occurred
as a result of this offering,
utilization of these
assets could be significantly reduced.
They also highlight the economic rationale for such a change: «Canadian Pacific is 70 % the size of Canadian National, yet has an enterprise value 40 %
as large, due to its inferior profitability and
asset utilization.»
Vessel
utilization for its saturation diving vessels and construction barges — its two most profitable
asset classes — declined significantly during 2010
as compared to the same period in 2009 (from the June 30 10Q):