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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 Jun 06, 2024 3:54pm
145 Views
Post# 36076121

mcssupt:Good to know. But one would expect them to go out

mcssupt:Good to know. But one would expect them to go out the door at the same pace as the FMS spiders if customers had accepted them to the same degree as the spiders. In that, they work hand in hand. I susoect the CRT performs a more complcated set of functions than the spider. (more is asked of it.)  Also of note,  the smartCRT has been around longer than the spiders, as one could see youtube videos of a fully functioning CRT working on a rig over two years ago. I have no idea what adjustments they are making to make it more attractive to clients--perhaps increasing torgue of something--have no idea. The ideal time to add to one's base position will be when we see the new and approved version going out the door in numbers, possibley accompanied by a press relase. 
A 6-12 month wait is  a small price to pay if/when they  are successful. Their is obviously risk as we are talking about inovation here, but the risk vs reward is obviously tremendously squewed to the upside---which is an obvious statement considering we are trading at, what, 3 times cashflow---which allows one to swing for the fences without the expected risks. 
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