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ClearStream Energy Services Inc. (T:CSM)

Business Focus: Oil Related Services and Equipment

Sector:  Energy Industry:  Oil Related Services and Equipment
See Regulatory Filings on SEDAR
Company Contact
Address: 311 - 6 Avenue SW, Suite1650
Tel: N/A
IR: See website
Key People
Yves Paletta
Chief Executive Officer
David Randall Watt
Chief Financial Officer
Neil Wotton
Chief Operating Officer
Murray J. Desrosiers
Senior Vice President, General Counsel
Barry Card
Chief Commercial Officer
Herb Thomas
Vice President, Operations
Business Overview
ClearStream Energy Services Inc, formerly Tuckamore Capital Management Inc, is a Canada-based integrated provider of upstream, midstream and downstream production services to the energy industry in Western Canada. Its products and services are offered under the following divisions: Energy Services, Fabrication, Wear Technologies, as well as Transportation and Pipe Logistics. Its Energy Services include maintenance and shutdowns, construction, operators and resource supply. Its Fabrication division is engaged in skid assemblies, pipe modules, and alloy fabrications. Its Wear Technologies division specializes in the supply and fabrication of overlay pipe spools, pipe bends and wear plate. The Company's Transportation and Pipe Logistics division is engaged in equipment transportation and trucking in western Canada, with operating authority in all western provinces, such us British Columbia, Alberta, Saskatchewan, and Manitoba.
Financial Overview
For the nine months ended 30 September 2020,ClearStream Energy Services Inc revenues decreased 6% toC$308.6M. Net income applicable to common stockholdersexcluding extraordinary items decreased 55% to C$1.7M.Revenues reflect a decrease in demand for the Company'sproducts and services due to unfavorable market conditions.Net income also reflects Bargain purchase gain decreasefrom C$12.3M (income) to C$0K.
Reporting Currency: Canadian Dollars
Enterprise value: $358.27M as of Sep 30, 2020
Annual revenue (TTM): $445.67M as of Sep 30, 2020
EBITDA (TTM): $14.22M as of Sep 30, 2020
Net annual income (TTM): -$8.73M as of Sep 30, 2020
Free cash flow (TTM): $59.53M as of Sep 30, 2020
Net Debt Last Fiscal Year: $171.62M as of Sep 30, 2020
Shares outstanding: 109,992,668 as of Sep 30, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization