Last C$0.75 CAD
Change Today -0.04 / -5.06%
Volume 76.2K
CWC On Other Exchanges
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Venture
OTC US
As of 3:57 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

cwc energy services corp (CWC) Snapshot

Open
C$0.76
Previous Close
C$0.79
Day High
C$0.78
Day Low
C$0.75
52 Week High
04/3/14 - C$1.24
52 Week Low
10/15/14 - C$0.66
Market Cap
202.9M
Average Volume 10 Days
198.6K
EPS TTM
C$0.03
Shares Outstanding
270.5M
EX-Date
09/26/14
P/E TM
25.0x
Dividend
C$0.07
Dividend Yield
8.88%
Current Stock Chart for CWC ENERGY SERVICES CORP (CWC)

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cwc energy services corp (CWC) Details

CWC Energy Services Corp. operates as a contract drilling and well servicing company in the Western Canadian Sedimentary Basin. The company offers a suite of oilfield services, including drilling rigs, service rigs, coil tubing, and well testing. It provides rigs that are used for completion, production, workovers, abandonment services, and maintenance on producing oil and gas wells; and coil tubing services for workover operations, shallow drill outs, and extensions into producing zones. As of March 20, 2014, the company operated a fleet of 8 telescopic double drilling rigs, 71 service rigs, 8 coil tubing units, and 10 well testing packages. The company was formerly known as CWC Well Services Corp. and changed its name to CWC Energy Services Corp. in May 2014. CWC Energy Services Corp. is headquartered in Calgary, Canada.

cwc energy services corp (CWC) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$279.9K
Vice President of Business Development
Total Annual Compensation: C$187.8K
Vice President of Operations - Well Services ...
Total Annual Compensation: C$214.9K
Vice President of Operations - Well Services ...
Total Annual Compensation: C$194.9K
Compensation as of Fiscal Year 2013.

cwc energy services corp (CWC) Key Developments

CWC Energy Services Corp. Announces Executive Changes

CWC Energy Services Corp. announced the promotion of Ms. Karen Dilon, CA, to the position of Vice President, Finance and Controller effective immediately. Ms. Dilon is a Chartered Accountant with over 14 years of accounting and finance experience with the last 8 years being in the oilfield services sector. She has been CWC's Corporate Controller for over 6 years. Prior to CWC, Ms. Dilon was the Corporate Controller for Collicutt Energy Services. In conjunction with Ms. Dilon's appointment, CWC has accepted the resignation of Ryan A. Michaluk as Chief Financial Officer of the Company. Ms. Dilon has been appointed interim Chief Financial Officer until a suitable replacement is found for Mr. Michaluk.

CWC Energy Services Corp. Declares Quarterly Dividend, Payable on October 15, 2014; Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Revised Capital Expenditure Guidance for 2014

CWC Energy Services Corp. announced that its Board of Directors has declared a quarterly dividend of $0.0175 per common share. The dividend will be paid on October 15, 2014 to shareholders of record on September 30, 2014. The ex-dividend date is September 26, 2014. The company approved an increase to the 2014 capital expenditure budget by $27.9 million, consisting of growth capital of $20.4 million and $7.5 million of maintenance and infrastructure capital. This brings the total 2014 approved capital budget to $45.6 million. The additional $20.4 million of growth capital consists of: one new telescopic double drilling rig complete with top drive (Rig 10); two new slant service rigs; and two shallow coil tubing units. Of this $27.9 million, $17.8 million is expected to be carried over into 2015 due primarily to long lead time items that are not expected to be received in 2014. The company reported earnings results for the second quarter and six months ended June 30, 2014. For the quarter, revenue increased by $5.6 million to $20.5 million as compared to $14.8 million in the prior year quarter with $2.4 million of the increase coming from production services segment and $3.2 million coming from the first 46 days of operation of newly acquired contract drilling segment. EBITDAS was $1.2 million of $0.01 per basic and diluted share as compared to negative EBITDAS of $0.3 million or $0.00 per basic and diluted share in the prior year quarter. Funds from operations were $0.5 million against negative funds from operations of $0.3 million last year. Net loss was $3.2 million or $0.01 per basic and diluted share compared to net loss of $3.8 million or $0.02 per basic and diluted share for the quarter ended June 30, 2013. Cash flows from operating activities were $6 million against $12.1 million last year. For the six months, revenue increased by $5.6 million to $58.9 million as compared to $53.2 million in the prior year with $2.4 million of the increase coming from production services segment and $3.2 million coming from the first 46 days of operation of newly acquired contract drilling segment. EBITDAS was $10.6 million or $0.05 per diluted share for the first half of 2014 compared to $11.0 million or $0.07 per basic and diluted share in 2013 with the decrease being primarily due to higher field labor and fuel costs in the current year which could not be recovered from customers in a challenging pricing environment. Funds from operations were $9.8 million against funds from operations of $11 million last year. Net income decreased to $0.06 million or $0.00 per basic and diluted share as compared to $1.0 million or $0.01 per basic and diluted share in 2013. Cash flows from operating activities were $12.4 million against $17.8 million last year. Net debt was $41.8 million against $29.5 million at December 31, 2013. As at June 30, 2014, the company has spent $7.2 million of the $45.6 million 2014 capital budget.

CWC Energy Services Corp. to Report Q2, 2014 Results on Aug 14, 2014

CWC Energy Services Corp. announced that they will report Q2, 2014 results on Aug 14, 2014

 

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Valuation CWC Industry Range
Price/Earnings 32.1x
Price/Sales 1.3x
Price/Book 1.0x
Price/Cash Flow 9.8x
TEV/Sales 1.2x
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