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McCoy Global Inc T.MCB

Alternate Symbol(s):  MCCRF

McCoy Global Inc. is a Canada-based provider of technologies and equipment designed to support tubular running operations, wellbore integrity, and assist with collecting critical data for the global energy industry. It is focused on well construction using automation and machine learning to maximize wellbore integrity and collect precise connection data critical to the global energy industry. Its core products are used primarily during the well construction phase for both land and offshore wells during both oil and gas exploration and development. Its cloud-based, real time, remote data transmission infrastructure supports its ability to integrate, digitize, and automate the historically manual processes of tubular make-up through its SmartTR automated casing running system. Its product suite includes Virtual Thread Rep, SmartCRT, SmartFMS, McCoy’s Smart Tong, and McCoy’s Smart Tailing Stabbing Arm. The Company operates in Canada, the United States, and the United Arab Emirates.


TSX:MCB - Post by User

Comment by Possibleidiot01on Mar 04, 2022 8:29am
188 Views
Post# 34482343

RE:RE:Year end and Q4 earnings report

RE:RE:Year end and Q4 earnings report Not earth shattering good ( earnings elevated by payroll protection money) but it appears the industry tide has bottomed and reversed . All recent trends appear to be intact - bookings , new product introductions etc.
"as well as increased aftermarket revenue. This has historically been a strong leading indicator for future growth of capital equipment demand,"
and then there's this -

Special Committee Update

The special committee continues its previously announced mandate in concert with the engagement of external advisors, Tudor, Pickering & Holt. The review of strategic alternatives continues. Although multiple interested parties have executed confidentiality agreements, as is customary at this time in the process, there is no material progress to report at this time.

Multiple parties can't be bad?

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