RE:Oil field services company analysisI noticed that Akita was missing as well.
It does have a comment onStampede Drilling which others have mentioned here as a merger possibility.
Stampede Drilling Inc. (SDI:TSXV)
Stampede Drilling is an energy service company that provides drilling rig services in Western
Canada. SDI is currently running nineteen rigs across Alberta and Saskatchewan for a broad range
of customers, with 17 of 19 operational during Q1/24. Additionally, the Company has a small
operational management service business in the U.S. In Q1/24, the Company achieved record
revenue of $27.5M and record EBITDA of $7.7M, representing growth of 7% and 28% YoY,
respectively. In 2024, SDI is expected to post $93.3M in revenue (+9% YoY) and $23.8M in EBITDA
(+26% YoY), translating to 3.3x 2024E EBITDA. SDI repurchased ~1% of outstanding common
shares last quarter, reflecting management’s continued confidence.