Last C$0.03 CAD
Change Today 0.00 / 0.00%
Volume 15.0K
CEZ On Other Exchanges
Symbol
Exchange
Toronto
OTC US
As of 10:32 AM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

calmena energy services inc (CEZ) Snapshot

Open
C$0.03
Previous Close
C$0.03
Day High
C$0.03
Day Low
C$0.03
52 Week High
09/23/13 - C$0.11
52 Week Low
01/17/14 - C$0.01
Market Cap
7.5M
Average Volume 10 Days
186.0K
EPS TTM
C$-0.10
Shares Outstanding
301.5M
EX-Date
02/26/07
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CALMENA ENERGY SERVICES INC (CEZ)

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calmena energy services inc (CEZ) Details

Calmena Energy Services Inc., a diversified energy services company, provides well construction services for the exploration and development of oil and gas reserves in Canada, the United States, Latin America, the Middle East, and North Africa. The company’s services include directional drilling and frac fluids management services; and a range of services focused on the supply, storage, handling, treatment, and disposal of various oilfield fluid products. It is also involved in the rental of equipment, including rig mats, swamp matting, flare tanks, storage tanks, premix tanks, shale bins, flock tanks, invert systems, pickers, cranes, and other equipment. The company was formerly known as BlackWatch Energy Services Corp. and changed its name to Calmena Energy Services Inc. in June 2010. Calmena Energy Services Inc. was founded in 2006 and is headquartered in Calgary, Canada.

387 Employees
Last Reported Date: 03/31/14
Founded in 2006

calmena energy services inc (CEZ) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$250.0K
Chief Financial Officer and Vice President of...
Total Annual Compensation: C$236.3K
Senior Vice President of Canada
Total Annual Compensation: C$220.0K
Senior Vice President of Middle East & North ...
Total Annual Compensation: C$184.4K
Compensation as of Fiscal Year 2013.

calmena energy services inc (CEZ) Key Developments

Calmena Energy Services Announces an Update on the Status of its Senior Credit Facilities

Calmena Energy Services Inc. announced an update on the status of its senior credit facilities. As previously announced, Calmena and its senior lender entered into an agreement on October 29, 2013 and subsequent extension agreements pursuant to which the Senior Lender agreed on certain terms to forbear from demanding payment or enforcing its security under the Credit Facilities until August 31, 2014. Calmena and the Senior Lender have now agreed to a further extension of the Deadline to November 30, 2014 in order to enable Calmena to continue actively marketing certain of its assets for sale.

Calmena Energy Services Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Calmena Energy Services Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, revenue was CAD 9.5 million against CAD 21.4 million last year. LBITDAS was CAD 1.6 million against CAD 2.1 million last year. Net loss from continued operations was CAD 21.4 million against CAD 33.6 million last year. Net loss was CAD 22.1 million or CAD 0.08 per basic and diluted share against CAD 34.6 million or CAD 0.12 per basic and diluted share last year. Negative funds flow from continuing operations was CAD 1.9 million or CAD 0.01 per basic and diluted share against CAD 1 million or CAD 0.00 per basic and diluted share last year. For the six months, revenue was CAD 23.3 million against CAD 44.3 million last year. LBITDAS was CAD 2.3 million against CAD 2.6 million last year. Net loss from continued operations was CAD 23.8 million against CAD 38.8 million last year. Net loss was CAD 24.7 million or CAD 0.08 per basic and diluted share against CAD 36.2 million or CAD 0.13 per basic and diluted share last year. Negative funds flow from continuing operations was CAD 0.9 million or CAD 0.00 per basic and diluted share against positive funds flow from continuing operations of CAD 1.4 million or CAD 0.00 per basic and diluted share last year. The main drivers of revenue decrease is the continued slowdown in industry drilling in Mexico initiated during the second quarter of 2013 which resulted in the termination of drilling contracts; the closing of contract drilling operations in Brazil and Colombia, the closing of the directional services business in Colombia and Mexico and the sale of Calmena's Canadian operations in 2014 and 2013. Net debt as at June 30, 2014 was CAD 27.6 million compared to CAD 40.7 million as at June 30, 2013.

Calmena Energy Services Explores Strategic Alternatives

Calmena Energy Services Inc. (TSX:CEZ) announced that, "Management continues to explore strategic alternatives to monetize under-utilized assets, and consider business combination opportunities."

 

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