Last C$0.03 CAD
Change Today -0.005 / -14.29%
Volume 3.0K
CBE On Other Exchanges
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As of 4:10 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

cabo drilling corp (CBE) Snapshot

Open
C$0.03
Previous Close
C$0.04
Day High
C$0.03
Day Low
C$0.03
52 Week High
02/11/14 - C$0.07
52 Week Low
10/28/13 - C$0.03
Market Cap
2.4M
Average Volume 10 Days
18.6K
EPS TTM
C$-0.05
Shares Outstanding
79.0M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CABO DRILLING CORP (CBE)

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cabo drilling corp (CBE) Details

Cabo Drilling Corp., a mineral and specialty drilling services company, provides contract drilling services primarily to the mining and mineral exploration companies in Canada, the United States, Latin America, and Europe. The company’s drilling services include surface and underground coring, directional, reverse circulation, and geotechnical and environmental drilling services, such as soil sampling, dam site and bridge site investigations, hydrological drilling, and restricted access investigations. The company was formerly known as Cabo Mining Enterprises Corp. and changed its name to Cabo Drilling Corp. in January 2006. Cabo Drilling Corp. was founded in 1984 and is headquartered in New Westminster, Canada.

Founded in 1984

cabo drilling corp (CBE) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: --
Chief Financial Officer and Controller
Total Annual Compensation: C$131.0K
Compensation as of Fiscal Year 2013.

cabo drilling corp (CBE) Key Developments

Cabo Drilling Corp. Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended March 31, 2014

Cabo Drilling Corp. reported consolidated earnings results for the third quarter and nine months ended March 31, 2014. For the quarter, the company reported revenue of CAD 4.806 million compared to CAD 10.616 million a year ago. The primary reason for the decrease is due to reduced demand for drilling in all market areas where Cabo has operations, as a result of projects being scaled back, delayed or terminated. LBITDA was CAD 0.563 million or CAD 0.00 per basic and diluted share compared to EBITDA CAD 1.071 million or CAD 0.01 per basic and diluted share a year ago. Net loss after taxes were CAD 1.937 million compared to net income after tax of CAD 0.020 million a year ago. Cash from operations was CAD 0.036 million against CAD 0.840 million for the same period a year ago. For the nine months, the company reported revenue of CAD 18.277 million compared to CAD 33.619 million a year ago. LBITDA was CAD 0.562 million or CAD 0.00 per basic and diluted share compared to EBITDA CAD 3.527 million or CAD 0.04 per basic and diluted share a year ago. Net income after taxes were CAD 3.745 million compared to CAD 0.145 million a year ago. Cash from operations was CAD 0.858 million against CAD 2.281 million for the same period a year ago.

Cabo Drilling Corp. Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2013

Cabo Drilling Corp. reported consolidated earnings results for the second quarter and six months ended December 31, 2013. For the quarter, the company's revenue decreased CAD 2.34 million or 26% to CAD 6.82 million compared to CAD 9.16 million in second quarter of fiscal 2013. The primary reason for the decrease is due to reduced demand for drilling in North America, as a result of projects being scaled back, delayed or terminated. Net loss was CAD 991,003 compared to a net loss of CAD 434,676 in the second quarter of fiscal 2013. This is a direct result of the decreased activity in the global drilling market. LBITDA was CAD 54,000 against EBITDA of CAD 624,000 a year ago. Loss per basic share was CAD 0.01 against CAD 0.01 a year ago. Cash from operations was CAD 87,000 against CAD 86,000 a year ago. For the six months, the company's revenue decreased approximately 41% to CAD 13.47 million compared to CAD 23.00 million in the comparable period in fiscal 2013. Net loss was CAD 1.81 million compared to net income after tax of CAD 125,061 earned in the comparable period of fiscal 2013. Cash flow from operations was CAD 821,988 as compared to CAD 1.44 million for the six months ended December 31, 2012. EBITDA was CAD 1,000 against CAD 2,453,000 a year ago. Loss per basic share was CAD 0.02 against CAD 0.00 a year ago.

Cabo Drilling Corp. Announces Earnings Results for the First Quarter Ended September 30, 2013

Cabo Drilling Corp. announced earnings results for the first quarter ended September 30, 2013. For the quarter, the company reported revenue of CAD 6,648,000 compared to CAD 13,843,000 a year ago. EBITDA was CAD 55,000 compared to CAD 1,829,000 a year ago. Net loss before taxes was CAD 876, 000 compared to net income before taxes of CAD 769,000 a year ago. Net loss after taxes was CAD 817,000 compared to net income after taxes of CAD 560,000 a year ago. Basic and diluted loss per share was CAD 0.01 compared to basic and diluted income per share of CAD 0.01 a year ago. Cash from operations was CAD 735,000 compared to CAD 1,354,000 a year ago. The primary reason for the decrease in revenue was due to reduced demand for drilling in North America, as a result of projects being scaled back, delayed or terminated.

 

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