The announcement by Newalta Corp that it is to focus almost entirely on waste from oilfields has seen its shares jump 6 per cent today.
The announcement by Newalta Corp that it is to focus almost entirely on waste from oilfields has seen its shares jump 6 per cent today. The firm will sell its industrial waste division based in Toronto to Revolution Acquisition LP for $300 million. The remaining part of Newalta will deal almost only with oilfield waste which analysts say has higher margins than industrial waste.
