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August 01, 2015 2:12 AM ET

Energy Equipment and Services

Company Overview of Winalta Inc.

Company Overview

Winalta Inc., operating as Winalta Oilfield Rentals, specializes in the provision of modular buildings for the Western Canadian oil and gas industry. Its fleet consists of single-unit wellsites, integrated wellsite systems (IWS), dedicated geo labs, and drill camps that are used to support drilling, completions, and production activities. The company also provides complementary services that include installation, dismantling, and repair and maintenance of the modular structures in its fleet. As at December 31, 2013, its fleet consisted of 254 wellsites, 31 dedicated geologist labs, 11 drill camps and 1 completed IWS. The company operates in the provinces of British Columbia, Alberta, Saskatc...

5110–50 Street

Stony Plain, AB T7Z 1T4

Canada

20 Employees

Phone:

780-469-0143

Fax:

780-988-8461

Key Executives for Winalta Inc.

President
Executive Chairman
Chief Financial Officer
Vice President of Operations
President of Carlton Homes Inc
Compensation as of Fiscal Year 2015.

Winalta Inc. Key Developments

Winalta Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Impairment Charges for the Second Quarter of 2014

Winalta Inc. reported earnings results for the second quarter and six months ended June 30, 2014. For the quarter, revenue was CAD 4,976,000 against CAD 1,499,000 a year ago. Net loss was CAD 442,000 or CAD 0.01 per diluted share against CAD 1,443,000 or CAD 0.04 per diluted share a year ago. EBITDA was CAD 1,291,000 or CAD 0.03 per share against LBITDA of CAD 254,000 or CAD 0.01 per share a year ago. For the six months, revenue was CAD 14,627,000 against CAD 8,334,000 a year ago. Net earnings were CAD 1,414,000 or CAD 0.03 per diluted share against CAD 321,000 or CAD 0.01 per diluted share a year ago. EBITDA was CAD 5,548,000 or CAD 0.14 per share against CAD 3,598,000 or CAD 0.09 per share a year ago. For the quarter, the net loss included a one time impairment of CAD 0.4 million relating to the CAD 1.1 million sale of Winalta's Sylvan Lake land assets.

Winalta Inc., Special/Extraordinary Shareholders Meeting, Aug 26, 2014

Winalta Inc., Special/Extraordinary Shareholders Meeting, Aug 26, 2014., at 10:00 Mountain Standard Time. Location: Viking Room at the Calgary Petroleum Club. Agenda: To approve, with or without amendment, a special resolution, approving a plan of arrangement involving Winalta, CERF and the Winalta Shareholders under Section 193 of the Business Corporations Act; and to transact such other business as may properly come before the Winalta Meeting or any djournment(s) thereof.

Winalta Declares Quarterly Cash Dividend Payable on June 27, 2014; Announces Earnings Results for the First Quarter Ended March 31, 2014

Winalta Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.02 per class "A" common share payable on June 27, 2014 to all shareholders of record on June 13, 2014. The ex-dividend date for this payment is June 11, 2014. This dividend is an eligible dividend for Canadian income tax purposes. The company announced earnings results for the first quarter ended March 31, 2014. For the period, the company's revenues were $9.7 million and EBITDA of $4.3 million, showed increases of $2.8 million or 41% and $0.4 million or 11%, respectively, to revenue of $6.8 million and EBITDA of $3.9 million for the three months ending March 31, 2013. Net Earnings increased 5% to $1.856 million or $0.04 per share against $1.764 million or $0.04 per share for the three months ending March 31, 2013. The increase in revenue was achieved by both improvements in company owned assets revenue of $0.4 million (7%) and sub-contractor revenue of $2.4 million (157%).

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