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McCoy Global Inc T.MCB

Alternate Symbol(s):  MCCRF

McCoy Global Inc. provides equipment and technologies designed to support tubular running operations, enhance wellbore integrity and assist with collecting critical data for the global energy industry. It is transforming well construction using automation and machine learning to maximize wellbore integrity and collect precise connection data critical to the global energy industry. Its core products are used predominantly during the well construction phase for both land and offshore wells during both oil and gas exploration and development. Its cloud-based platform and digital infrastructure enables digital product offerings and enhancements. Its real-time, remote data transmission infrastructure supports its ability to integrate, digitize and automate the historically manual processes of tubular makeup through its smarTR. Its smarTR product suite includes VTR Virtual Thread Rep, smartCRT Casing Running Tool, smartFMS Flush Mounted Spider, smartTong and smartTSA Tailing Stabbing Arm.


TSX:MCB - Post by User

Post by drunk@noonon Dec 12, 2023 4:11pm
145 Views
Post# 35780745

Building the equipment for inventory means greater

Building the equipment for inventory means greaterefficiencies,/lower production costs, and it shows confindence in their ability to produce everything they can make. The investment theise here seems to be a case of a company just starting to commercials a  cutting edge product after years of R and D. A set of products that are at the early stage of mass adoption.. Also of note despite o and g being a mature industry it is a inovatice tech intensive industry  increasing efficienceis and thus decreasing costs. Their is demand for the newest cutting edge advanced rigs as the industrial  harvesting of the giant  horizonally fract fields enters a new phase.
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