Jan. 23 at 11:22 AM
$XOM Shadow Builder Series piece on the Irvings.
It’s a straight case file on what they built in Canada: a private empire made of real assets like timberland, mills, rail connections, refinery + terminals, ports, and long-duration industrial work. It includes the Saint John refinery Canada’s largest (~320,000 bpd).
It also covers the shipbuilding side: Irving Shipbuilding holds major Government of Canada contracts under the National Shipbuilding Strategy, including AOPS and the River-class destroyer / Canadian Surface Combatant work.
HERE:https://cundilldeepvalue.substack.com/p/fragments-shadow-builders-d2c
This article is about what they own, what it produces, how it moves, and why the footprint is hard to replace.
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$XOM $CVX $MPC
