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Last C$0.17 CAD
Change Today 0.00 / 0.00%
Volume 0.0
As of 3:04 PM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).

dalmac energy inc (DAL) Snapshot

Open
C$0.17
Previous Close
C$0.17
Day High
C$0.17
Day Low
C$0.11
52 Week High
09/2/14 - C$0.38
52 Week Low
08/19/15 - C$0.11
Market Cap
4.0M
Average Volume 10 Days
1.6K
EPS TTM
C$-0.05
Shares Outstanding
23.3M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for DALMAC ENERGY INC (DAL)

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dalmac energy inc (DAL) Details

Dalmac Energy Inc. provides well stimulation and fluid management services to the oil and natural gas industries in Alberta. The company engages in fluid hauling, well servicing, rig moving, chemical sales, and tank rental activities. It offers various oil field services through pressure/pumper trucks, which deliver and inject methanol into lines and wells; hot oilers used to heat oil to dissolve wax build-up in wells and facilities that restrict the flow of oil and gas; and tank trucks used in conjunction with the hot oilers and pressure units, as well as for hauling oil and water to and from wells and facilities. The company also provides vacuum truck services to steam and wash facilities, transfer liquids and solids, and clean up spills; and beds, pickers, and tractor services to move service rigs and tester's equipment. In addition, it supplies methanol and glycol to the energy sector; and sells related equipment. The company has approximately 232 units of rolling stock equipment consisting of tank, combo-vac, pressure, hot oiler, acid flush, steamer, picker, and winch trucks, as well as 250 items of oilfield rank rental and rig matting equipment. Dalmac Energy Inc. was founded in 1955 and is headquartered in Edmonton, Canada.

160 Employees
Last Reported Date: 08/25/15
Founded in 2003

dalmac energy inc (DAL) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: C$149.3K
Compensation as of Fiscal Year 2014.

dalmac energy inc (DAL) Key Developments

Dalmac Energy Inc. Reports Earnings Results for the Fourth Quarter and Fiscal Year Ended April 30, 2015

Dalmac Energy Inc. reported earnings results for the fourth quarter and fiscal year ended April 30, 2015. For the quarter, the company reported revenue of CAD 6,707,000 compared to CAD 9,923,000 a year ago. EBITDAS was CAD 427,000 compared to CAD 519,000 a year ago. Basic EBIDTAS per share was CAD 0.02 compared to CAD 0.02 a year ago. Net loss was CAD 894,000 compared to CAD 710,000 a year ago. Basic and diluted net loss per share was CAD 0.04 against CAD 0.03 per share a year ago. The decrease in revenue and net income was a result of the disposal of assets. For the six months, the company reported revenue of CAD 32,062,000 compared to CAD 37,132,000 a year ago. EBITDAS was CAD 3,626,000 compared to CAD 3,575,000 a year ago. Basic EBIDTAS per share was CAD 0.16 compared to CAD 1.30 a year ago. Net loss was CAD 1,161,000 compared to CAD 520,000 a year ago. Basic and diluted net loss per share was CAD 0.05 compared to CAD 0.02 a year ago. EBITDA was roughly CAD 3.62 million in the current year end compared to CAD 3.58 million in the prior year. Even with a CAD 5 million decrease in Revenue Dalmac was able to hold bottom line numbers fairly consistently. This is really a credit to operations and field staff in relation to cost cutting measures which were implemented.

Dalmac Energy Inc. Appoints David Olson to the Board of Directors

John Babic, Chairman and CEO of Dalmac Energy Inc. announced the appointment of Mr. David Olson to the board of directors of the company.

Dalmac Energy Inc. Announces Earnings Results for Third Quarter and Nine Months Ended January 31, 2015; Provides Guidance for the Fiscal Year 2015

Dalmac Energy Inc. announced earnings results for third quarter and nine months ended January 31, 2015. For the quarter, the company reported revenues of CAD 9,545,000, EBITDAS of CAD 1,190,000 or CAD 0.05 per basic share, net loss of CAD 120,000 or CAD 0.01 per basic and diluted share compared to the revenues of CAD 10,264,000, EBITDAS of CAD 1,398,000 or CAD 0.06 per basic share, net income of CAD 229,000 or CAD 0.01 per basic and diluted share for the same quarter a year ago. For the nine months period, the company reported revenues of CAD 25,355,000, EBITDAS of CAD 3,200,000 or CAD 0.14 per basic share, net loss of CAD 267,000 or CAD 0.01 per basic and diluted share compared to the revenues of CAD 27,209,000, EBITDAS of CAD 2,615,000 or CAD 0.11 per basic share, net loss of CAD 153,000 or CAD 0.01 per basic and diluted share for the same period a year ago. The continuing volatility of commodity prices is putting pressure on many E&P producers to make significant reductions to their capital and operating budgets. Drilling rig utilizations, which serve as a barometer of oilfield activity, witnessed a 40% drop in the first two months of 2015 as compared to the same time last year. Compounding the problems associated with lower activity levels, rate reductions, an usually warm winter and what seems to be an earlier than normal start to the spring breakup season, Dalmac is also expecting to see a reduction in drilling, completions and production maintenance expenditures as E&P producers strive to conserve their cash until commodity prices recover. The current CAODC forecast of a 26% drilling rig utilization for 2015 as compared to 46% for 2014 correspondingly implies lower activity levels in the oilfield services industry for this year as compared to last. Given that Dalmac generates about 70% of its revenue from fluid transfer services which will invariably continue as long as the wells are in production, will be hard pressed not to avoid the impact of rate reductions demanded by the E&P producers which is currently in the vicinity of 10-15% off existing rates. The company also anticipate that there will be ongoing drilling and completions activity in area of operations in which Dalmac is expecting to get its share of the activity but that too will probably be more price sensitive than in the past. In responding to rate cuts requested by customers Dalmac is working in concert with them to expand activity levels by applying selective weighted discounts to varied underutilized service equipment.

 

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