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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 May 10, 2024 11:33am
155 Views
Post# 36033664

Seems the smart CRT (case running tool) needs to few

Seems the smart CRT (case running tool) needs to fewfixes to be up to snuff. That's how I read the press release.  Given the tools are still in the field testing phase, it's totally understandable. But It will delay commercial adoption. Just the way I see it. Feedback from the field testing had the client point out a few shortcoming, having recieved the feedback MCB made a few changes (tweeks) and now we will see how it goes. Just my impression of things. The spider is great, The CRT is being tweeked. And I see their are a couple of other next generation tools that are undergoing field testing. For that I go by the listing of the next generation tools listed on their website. Next to the spider and CRT.  Like I've said. It'll take a year- 18 months to play out. Meanwhile fliat to a slight drift down in shareprice.
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