03:38 PM EST - North American Energy Partners Inc. : announced that it expects to take a writedown of $40-$45 million in its financial results for the fiscal year ended March 31, related to the long-term overburden removal contract between its subsidiary North American Construction Group Inc. and Canadian Natural Resources Limited for the Horizon Oil Sands mine near Fort McMurray, Alberta. This writedown would be applied primarily to reduce unbilled revenue and is expected to reduce net income by $30-$34 million for the same period. North American Energy Partners Inc.
shares T.NOA are trading down $2.53 at $7.47.
