TSX:MCB - Post Discussion
Post by
Possibleidiot01 on May 16, 2021 9:27pm
I got one thing wrong
It was earnings this week . The AGM is June 1st. .
On to earnings.
The decline in revenues if 35% is a bit alarming but if you look at the rest of the release there is evidence of really good cash management . The company still has $15.1 million.
I like this as a driver of future business with the new products
"Producers are challenging contractors, across the board, to reduce costs. In most cases, their largest cost is people. With five years of decreasing oil and gas activity, personnel have left the industry to the point where there is now a critical shortage of skilled and experienced labour. This lack of labour and the reality that 65% of TRS cost is directly attributed to labour is a driving force behind the transition to an increasingly automated system. '
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