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Last C$0.01 CAD
Change Today 0.00 / 0.00%
Volume 0.0
As of 11:05 AM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).

cordy oilfield services inc (CKK) Snapshot

Open
C$0.01
Previous Close
C$0.01
Day High
C$0.01
Day Low
C$0.0050
52 Week High
09/4/14 - C$0.15
52 Week Low
07/7/15 - C$0.0050
Market Cap
894.5K
Average Volume 10 Days
22.4K
EPS TTM
C$-0.22
Shares Outstanding
89.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CORDY OILFIELD SERVICES INC (CKK)

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cordy oilfield services inc (CKK) Details

Cordy Oilfield Services Inc. provides energy and construction services in Canada. The company operates through two segments, Environmental Services and Heavy Construction. The Environmental Services segment provides clean-up, hazardous goods transportation, and containment services to the oil and natural gas industry, as well as to industrial and commercial customers. It offers various services, including general water and vacuum truck services; confined-space entry services; dangerous goods and general transportation services; high-pressure and steam cleaning services; septic and holding tank cleaning; hydro excavation; liquids and solids spill response services; and 24-hour emergency response coverage services. The Heavy Construction segment offers mining services; building and repairing infrastructure, including sewer and water reservoirs; preparation, construction, maintenance, and reclamation of oilfield leases and lease roads; heavy haulage; gravel supply and delivery; right-of-way clearing; bridge and culvert installation; and camp services. It also provides pipeline and facility maintenance, pipeline insulation and reclamation, compressor and camp building, pump jack maintenance, environmental spill cleanup, underground utilities installation and maintenance, seismic line, dam building, topsoil stripping, and snow clearing services. This segment serves oil and gas production companies, private developers, public infrastructure, and mines. Cordy Oilfield Services Inc. was incorporated in 1998 and is headquartered in Calgary, Canada.

Founded in 1998

cordy oilfield services inc (CKK) Top Compensated Officers

Chairman and Chief Executive officer
Total Annual Compensation: C$1.0
Compensation as of Fiscal Year 2013.

cordy oilfield services inc (CKK) Key Developments

Cordy Oilfield Services Inc. Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Cordy Oilfield Services Inc. reported consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue of $3.4 million against $13.8 million a year ago. LBITDAS was $1.8 million against $3.1 million a year ago. Loss before tax was $2.6 million against $4.5 million a year ago. Net loss was $2.5 million against $3.4 million a year ago. For the six months, the company reported revenue of $13.8 million against $43.7 million a year ago. LBITDAS was $3.3 million against $2.3 million a year ago. Loss before tax was $4.4 million against $5.5 million a year ago. Net loss was $4.3 million against $4.1 a year ago. This significant drop in revenue is attributable to Cordy's initiatives in response to the cancellation of significant contracts and the decline in oil and gas activity in western Canada. These initiatives include: The shutdown of all operations in the Heavy Construction segment except for the Pipeline and Facilities division based in Sundre, Alberta. For the six month period ended June 30, 2015 this has resulted in a decline of revenue in the Heavy Construction segment of $7.6 million, from the comparative period in 2014. Reduced operations in Cordy Manufacturing while alternatives were analysed. For the six month period ended June 30, 2015 this has resulted in a decline of revenue in the Manufacturing segment of $4.9 million, from the comparative period in 2014.

Cordy Oilfield Services Inc. Reports Earnings Results for the First Quarter Ended March 31, 2015

Cordy Oilfield Services Inc. reported earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue of $10.5 million against $29.9 million a year ago. LBITDAS was $1.5 million against EBITDAS of $0.8 million a year ago. Loss before tax was $1.8 million against 0.9 million a year ago. Net loss was $1.8 million against $0.7 million a year ago.

Cordy Oilfield Services Inc. Enters into Amended and Restated Loan and Security Agreement with Nations Equipment Finance, LLC

Cordy Oilfield Services Inc. announced that it has entered into an amended and restated loan and security agreement with Nations Equipment Finance, LLC effective May, 22, 2015. The amended and restated facility is an amendment and restatement of the original loan and security agreement with the lender effective June 9, 2014. All amounts outstanding under the original loan agreement were consolidated under a single loan, the new outstanding amount being $2,356,981.58. No new funds were advanced to Cordy under the amended and restated facility. Pursuant to the terms of the amended and restated facility, the new amount is payable in 60 consecutive monthly installments of principal and interest in the amount of $52,500, commencing June 22, 2015, subject to earlier repayment. The new amount bears interest at a rate of 12% per annum and its repayment is secured against certain collateral provided in respect of the original loan agreement. The amount of $600,000 held back as additional collateral pursuant to the terms of the original loan agreement remains deposited with Cordy's legal counsel, as escrow agent. The Holdback is releasable to Cordy upon the satisfaction of certain conditions related to Cordy's fixed charge coverage ratio.

 

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