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Bri-Chem Corp T.BRY

Alternate Symbol(s):  BRYFF

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.


TSX:BRY - Post by User

Post by jacek99on Oct 02, 2021 9:38am
215 Views
Post# 33957285

Q3

Q3
Isn't Q2 usually the weakest quarter of the year? So far this year Q2 was stronger than Q1. Q1 is usually much stronger than Q2 and Q3 is also stronger than Q2. With everything opening up and commodities hot, is anybody else excited for Q3 and Q4 results? Is a market cap of half annual revenue fair? We could be on pace for $60 million in revenue. With a market cap of $30 million, that puts us at about $1.50 per share. Margins seem good and the company has been managing their funds well. Am I being realistic or totally out to lunch?
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