FLINT Corp T.FLNT

Alternate Symbol(s): NWPIF

Energy Oil & Gas Equipment & Services

FLINT Corp. is an integrated provider of upstream, midstream, and downstream production services. The Company’s segment includes Maintenance and Construction Services and Wear Technology Overlay Services. The Maintenance and Construction Services segment is a fully integrated provider of maintenance and construction services to the energy and industrial markets. It provides maintenance services, welding, fabrication, machining, construction, turnaround services, heavy equipment operators and a resource/labor supply. The Wear Technology Overlay Services segment specializes in the supply and fabrication of overlay pipe spools, pipe bends, wear plates and vessels for corrosion and abrasion resistant applications across various end markets. It provides maintenance, turnaround and construction services to the energy and industrial markets, including oil and gas (upstream, midstream, and downstream), petrochemical, mining, power, agriculture, forestry, infrastructure, and water treatment.

TSX:FLNT - Post by User

FLINT Corp

Bullboard Posts

Comment by Summit74on Jul 21, 2020 3:13pm

194 Views

Post# 31297933

RE:Another example of corruption in O&G service companies

Nepotism and incompetence at its finest......

SteveW29 wrote:
So looking at ClearStream Energy 2019 Management Information Circular you will immediately realize another example of corruption and where companies making Net Losses and Negative Free Cash Flow and still paying their executives unreasonable amount bonus & compensation in an industry significantly suffering…….in addition this company is receiving salary subsidy from Canadian taxpayers……….

The four executives CEO, CFO, COO, CCO received approx.. $2.8 million of total compensation including $1.5 million as annual incentive / bonus for 2019, the CEO alone received $556,000.......in the meantime in 2019 the company made a LOSS of 10 million from continuing operations and generated NEGATIVE free cash flow from operation of 20 million!!!!!!!.......BMO financed such amount of execessive bonus ....only in Alberta.......No comment!

In Q1 &Q2 2020 they laid off their employees as per their press releases to improve the company liquidity!