ENTREC will spend $50 million to tap into oilsands activity in 2013

EDMONTON – ENTREC Corp. is betting on oilsands growth by announcing $50 million in capital spending for 2013.

The Spruce Grove-based oilfield transport services firm said Wednesday the plan includes growth capital spending of $41 million and $9 million in maintenance capital spending.

The company said it believes oilsands infrastructure investment will drive demand for its services this year and next.

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