Last C$7.22 CAD
Change Today -0.08 / -1.10%
Volume 219.8K
CDI On Other Exchanges
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As of 4:00 PM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

canelson drilling inc (CDI) Snapshot

Open
C$7.24
Previous Close
C$7.30
Day High
C$7.37
Day Low
C$7.20
52 Week High
07/4/14 - C$8.78
52 Week Low
08/28/13 - C$5.82
Market Cap
668.0M
Average Volume 10 Days
418.2K
EPS TTM
C$0.46
Shares Outstanding
92.5M
EX-Date
08/18/14
P/E TM
15.7x
Dividend
C$0.24
Dividend Yield
3.32%
Current Stock Chart for CANELSON DRILLING INC (CDI)

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canelson drilling inc (CDI) Details

CanElson Drilling Inc. provides oilfield services in Canada, the United States, and Mexico. It operates land-based contract drilling rigs for oil and natural gas exploration and development companies. The company also assembles drilling rigs and sells interests in drilling rigs to selected business relationships, as well as operates as a general contractor supervising the construction and commissioning of its drilling rigs. In addition, it offers contract-drilling services, as well as is involved in the compressed natural gas and raw gas transportation related services business. The company owns 45 drilling rigs and 1 service rig. CanElson Drilling Inc. is headquartered in Calgary, Canada.

950 Employees
Last Reported Date: 03/3/14

canelson drilling inc (CDI) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$370.8K
Executive Chairman
Total Annual Compensation: C$150.0K
Chief Financial Officer
Total Annual Compensation: C$275.4K
Chief Operating Officer
Total Annual Compensation: C$156.2K
Vice President of Rig Construction
Total Annual Compensation: C$275.4K
Compensation as of Fiscal Year 2013.

canelson drilling inc (CDI) Key Developments

CanElson Drilling Seeks Acquisitions

CanElson Drilling Inc. (TSX:CDI) is seeking acquisitions. CanElson Drilling states, "Subject to securing suitable customer commitments, we intend to carry out the following activities to further enhance our competitive positioning”, including, “Continue to expand our standard tele-double fleet, expand further into the AC triple drilling rig market, expand our service offering in Mexico, continue to form innovative long-term business relationships, continue growth through strategic acquisitions, Provide customers with lower overall well costs.”

Canelson Drilling Inc. Approves Quarterly Dividend, Payable on August 29, 2014; Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Revises Capital Expenditure Guidance for the Fiscal Year 2014

The board of directors CanElson Drilling Inc. approved a quarterly dividend of CAD 0.06 per share to be paid on August 29, 2014 to shareholders of record at the close of business on August 20, 2014. The ex-dividend date is August 18, 2014. The company announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, services Revenues were CAD 61,904,000 against CAD 37,499,000 a year ago. Adjusted EBITDA was CAD 16,316,000 against CAD 9,036,000 a year ago. Income attributable to shareholders of the company was CAD 5.5 million, up 196% from CAD 1.9 million. Basic and diluted EPS was CAD 0.06, up 200% from CAD 0.02. Income before interest and taxes was CAD 11,272,000 against CAD 4,937,000 a year ago. Income before taxes was CAD 11,164,000 against CAD 4,510,000 a year ago. EBITDA was CAD 16,921,000 against CAD 8,842,000 a year ago. Operating cash flow was CAD 41,045,000 against CAD 23,802,000 a year ago. Funds flow was CAD 17,460,000 against CAD 9,840,000 a year ago. For the six months, services Revenues were CAD 159,043,000 against CAD 109,776,000 a year ago. Adjusted EBITDA was CAD 48,077,000 against CAD 36,491,000 a year ago. Income attributable to shareholders of the company was CAD 20.6 million, up 36% from CAD 15.2 million. Basic and diluted EPS was CAD 0.22, up 10% from CAD 0.20. Capex was CAD 54.9 million. Income before interest and taxes was CAD 34,203,000 against CAD 26,027,000 a year ago. Income before taxes was CAD 33,899,000 against CAD 25,083,000 a year ago. EBITDA was CAD 48,842,000 against CAD 35,546,000 a year ago. Operating cash flow was CAD 57,789,000 against CAD 52,097,000 a year ago. Funds flow was CAD 48,185,000 against CAD 36,691,000 a year ago. Total expected capital expenditures for 2014 have increased by CAD 6.1 million to CAD 109.1 million, primarily due to additional components on selected new drilling rigs and various other critical maintenance items and rig equipment upgrades.

CanElson Drilling Inc. Elects Diane Brickner as Director of the Company

CanElson Drilling Inc. elected Diane Brickner as director of the company, at the company's AGM held on May 15, 2014.

 

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CDI Competitors

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Industry Analysis

CDI

Industry Average

Valuation CDI Industry Range
Price/Earnings 15.7x
Price/Sales 2.1x
Price/Book 1.6x
Price/Cash Flow 9.5x
TEV/Sales 1.9x
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