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Last C$0.08 CAD
Change Today 0.00 / 0.00%
Volume 0.0
As of 3:38 PM 06/29/15 All times are local (Market data is delayed by at least 15 minutes).

hanwei energy services corp (HE) Snapshot

Open
C$0.08
Previous Close
C$0.08
Day High
C$0.08
Day Low
C$0.08
52 Week High
08/14/14 - C$0.26
52 Week Low
05/6/15 - C$0.07
Market Cap
14.6M
Average Volume 10 Days
7.4K
EPS TTM
C$-0.08
Shares Outstanding
194.2M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for HANWEI ENERGY SERVICES CORP (HE)

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hanwei energy services corp (HE) Details

Hanwei Energy Services Corp., through its subsidiaries, manufactures and sells high pressure fiberglass reinforced plastic pipes for the oil and gas, salt mining, water transmission, and industrial and infrastructure applications in the China, Middle Asia, and the Middle East. It operates through two segments, FRP Pipe Business and Oil and Gas Business. The company offers a range of pipe diameters, fittings, and fixtures, as well as connection methods. Its products include line pipes, such as anhydride and amine cured pipes; connecting systems comprising API thread, DSJ, rex-bonding, and rex-lock key connecting systems; downhole pipe and casing products; and fittings and flanges for piping systems, including elbows, equal tees, reducing tees, flanges, reducers, saddle reducers, couplings, and nipples. The company also owns and operates petroleum and natural gas production assets. It holds interests in the Leduc Lands covering an area of 5,000 acres located near Edmonton, Alberta, Canada. As of March 31, 2015, Hanwei Energy Services Corp. had a total proved reserves of 681.3 thousand barrels of oil equivalent (Mboe); and total proved and probable reserves of 1,303.7 Mboe. The company was formerly known as Y&O Ventures Corp. and changed its name to Hanwei Energy Services Corp. in December 2006. Hanwei Energy Services Corp. was founded in 2002 and is headquartered in Vancouver, Canada.

210 Employees
Last Reported Date: 06/18/15
Founded in 2002

hanwei energy services corp (HE) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: C$125.0K
Chief Financial Officer and Member of Disclos...
Total Annual Compensation: C$150.0K
Executive Vice President of Strategic Develop...
Total Annual Compensation: C$122.1K
Compensation as of Fiscal Year 2014.

hanwei energy services corp (HE) Key Developments

Hanwei Energy Services Corp. Reports Earnings Results for the Year Ended March 31, 2015

Hanwei Energy Services Corp. reported earnings results for the year ended March 31, 2015. For the year, the company reported revenue of CAD 18,900,000 against CAD 18,008,000 a year ago. LBITDA was CAD 3,934,000 against CAD 1,164,000 a year ago. LBITDA per share was CAD 0.04 against CAD 0.02 a year ago. Net loss was CAD 7,357,000 against CAD 2,264,000 a year ago. Basic and diluted loss per share was CAD 0.08 against CAD 0.03 a year ago.

Hanwei Energy Services Corp., 2015 Earnings Call, Jun 19, 2015

Hanwei Energy Services Corp., 2015 Earnings Call, Jun 19, 2015

Hanwei Energy Services Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014; Reports Production Results for the Third Quarter Ended December 31, 2014

Hanwei Energy Services Corp. reported earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, the company reported revenues of $6.4 million, representing an increase of 88% as compared to $3.4 million for the same period of the prior year. EBITDA from continuing operations was $600,000 as compared to negative $367,000 for the same period of the prior year, representing an increase of $967,000. These increases were primarily due to the Company's new oil and gas production revenues in Alberta (which was not operational in the prior year) and Canadian sales of its FRP pipe products together with positive operating margins from the company's oil and gas production revenues. Loss from continuing operations was $0.6 million as compared to loss from continuing operations of $1.3 million for the same periods of the prior year. For the nine months, the company's revenues were $13.4 million, representing an increase of 18% as compared to revenues of $11.0 million for the same period of the prior year. EBITDA from continuing operations was $370,000 as compared to negative $659,000 for the same period of the prior year, representing an increase of $1,029,000. These increases were also primarily due to the company's new oil and gas production revenues in Alberta (which was not operational in the prior year) and Canadian sales of its FRP pipe products together with positive operating margins from the Company's oil and gas production revenues. As of December 31, 2014, the company had a net asset value per share for its continuing operations of $0.40 on a total of 97,100,617 shares outstanding. Loss from continuing operations was $2.4 million as compared to loss from continuing operations of $3.0 million for the same periods of the prior year. The company reported production results for the third quarter ended December 31, 2014. For the quarter, the company produced approximately 382 barrels of oil equivalent per day (boed), including 64 boed of oil, 238 boed of gas and 80 boed of liquids. This resulted in oil and gas revenues in the reporting period net of royalties of $1.1 million with production and operating expenses before G&A of $0.7 million producing net operating income of $0.4 million or a margin of 36%. These results have positively impacted the company's total EBITDA from continuing operations.

 

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