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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

Comment by Possibleidiot01on Sep 25, 2024 6:42pm
399 Views
Post# 36241188

RE:New info that stood out to me.....

RE:New info that stood out to me.....I think maybe you should relisten to the presentation around the 13.30 mark.

What Jim says is that in their budget predictions of 2023 that they budgeted for 40 units to be sold at the end of 2024. Their actual sales are going to be just under 100 . So if you accept there were sales last year ; here's something from November 11 , 2023....

 : Reported thirty-nine (39) commercial sales for McCoy's Flush Mount Spider (FMS) and twenty-three (23) additional tools scheduled for delivery in early 2024. With a growing number of tools delivered in the fourth quarter and coming months, we expect the increased exposure with operators will showcase the benefits of McCoy's FMS, and in turn, further accelerate adoption in the year ahead.

Actual sales aren't going to triple!!!!!!

You got the info about the 3 field trials correct and 2025 commercialization.

Now, as to margins , they have raised prices twice as they don't see the need to let their customers receive all the benefit of the cost savings. They want some of those savings.

What you missed was a comment about maybe becoming the PASON of tubular running services with the data services.
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