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Cordy Oilfield Services Inc. V.CKK

Cordy Oilfield Services Inc along with its subsidiaries is engaged in energy services and construction throughout Canada. It has two operating segments namely Heavy Construction and Environmental Services. The Environmental Services segment provides clean-up, hazardous goods transportation and containment services to the oil and natural gas industry and also to industrial and commercial customers in Alberta. The Heavy Construction segment services include pipeline integrity management;...


TSXV:CKK - Post by User

Comment by sweetsauceon Apr 05, 2014 9:37am
149 Views
Post# 22415465

RE:ARE WE IN PLAY ?

RE:ARE WE IN PLAY ?There doesn't seem to be anything new or changes to the business driving Cordy's share price upward.  It may be reaction to the Globe and Mail's recent article on Enterprise Group 

https://www.theglobeandmail.com/globe-investor/investment-ideas/enterprising-companies-that-will-profit-from-lng/article17762932/

Investor's may looking for other companies that will benefit from LNG activity.

It will be interesting to see what Cordy does with its loan payable.  Management obtained a short-term financing solution in Q4 2013 (very bad interest rate).  This comes due in Q2 but can be extended for an additional 6-months.  I really hope they renegotiate this loan at significantly lower rates.  We should get news on this soon.
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