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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 Nov 19, 2024 10:19am
103 Views
Post# 36319660

short term spikes in shareprice from Analyst hype etc

short term spikes in shareprice from Analyst hype etc

don't help us at all, unless one wants to sell into the spike. i..e top pick by BNN market call. Jumps to $3.80. A weekl later it's down to $3. EXECUTION OF THE STATED PATH which consists of adoption of the smart suite of products, leads to an easy peasy takeout of $10 a share.  Will the products work properly. Hope so. Management seems to know what they are doing and the CEO seems to be extremely credible, backed by decades of experince in the field. But nothing is a slam dunk. Risk vs Reward is extemely favorable. $10 easy their automated solution is adopted en mass. We will know in the next 6-9 months. Will continue to accumulated as I did at the $1.30 level and the $2 level.  Hopefully the $3 is the new 2, which will allow an astute investor to continue to accumulate. BUT it is no slam dunk. 6 month could pass and the orders never materialize. Seemingly sure thingss sometimes fail. Hopefully not. Risk vs reward seem favorable.  Thus I have a large swack of shares. And I plan to add another swack or two depending on developements. 

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