Bri-Chem Corp T.BRY

Alternate Symbol(s): BRYFF

Industrials Industrial Distribution

Bri-Chem Corp. is a Canada-based independent wholesale supplier of drilling fluids and chemicals for the oil and gas industry operating from owned or leased warehouses located throughout Canada and the United States. It is engaged in the distribution and blending of oilfield drilling, completion, stimulation, and production of chemical fluids. The Company’s segments include Fluids Distribution Canada, Fluids Distribution USA, Fluids Blending & Packaging Canada, Fluids Blending & Packaging USA, and Other. Its business activity is to provide 24/7 coverage of oilfield chemicals in a variety of weights and clays, loss circulation materials and oil mud products to mud engineering companies who sell directly to drilling firms engaged by the oil and gas companies. Its subsidiaries include Bri-Chem Supply Ltd., Sodium Solutions Inc., Solution Blend Service Ltd., and Bri-Corp USA, Inc. Sodium Solutions Inc. is a fully integrated chemical supplier, toll blender, and packager.

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Bri-Chem Corp > Two Charts You Should not be Without

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Comment by nozzpackon Jun 28, 2021 8:01am

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Post# 33458713

RE:Two Charts You Should not be Without

I meant to add that since Q1 of 2018, SGA expenses have been compressed from $4.3 million to $1.3 million in Q1 of 2021.

Despite a substantial drop in the price of oil and customer demand, gross margin has increased from 16% to 20% during this same period.

With oil prices and drilling activity ramping up, Brichim is well positioned to return to robust levels of profitability.

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