Canadian Oil Recovery & Remediation Enterprises Ltd. (V:CVR)
Business Focus: Oil Related Services and Equipment (NEC)
| Sector: Energy | Industry: Oil Related Services and Equipment |
| Company Contact | |
| Address: | 141 Adelaide St W Suite 110 TORONTO ON M5H 3L5 |
| Tel: | N/A |
| Website: | N/A |
| IR: | N/A |
| Key People | ||
| John Lorenzo President, Chief Executive Officer, Director | Randy Koroll Chief Financial Officer | |
| Business Overview |
| Canadian Oil Recovery & Remediation Enterprises Ltd. is a Canada-based company, which provides full cycle oil waste management solutions to the petroleum industry. The company's operating lines include remediating oil-contaminated soil; treating sludge, oil-based muds and drilling waste; oil recovery; industrial waste management; oil storage tank cleaning; oil and gas engineering, and project management. Soil remediation, sludge treatment and oil recovery are provided by Company through its Advanced Recovery Equipment Systems (ARES), which consists of two soil washing plants known as ARES I and ARES II. The Company's primary customers are in the upstream petroleum sector (oil production and drilling companies) and downstream petroleum sector (oil refinery, transportation and distribution companies). The Company has three wholly owned subsidiaries, CORRE Inc., BDE Properties Inc. and Mentra Life Sciences Inc., which are located in Toronto, Ontario. |
| Financial Overview |
| For the nine months ended 30 September 2021, Canadian Oil Recovery & Remediation Entp revenues decreased 23% to C$69K. Net income totaled C$35K vs. loss of C$315K. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net Income reflects Office management and administrative decrease of 78% to C$56K (expense), Professional fees decrease from C$146K (expense) to C$14K (income). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | N/A |
| Annual revenue (TTM): | $0.11M as of Sep 30, 2021 |
| EBITDA (TTM): | $0.05M as of Sep 30, 2021 |
| Net annual income (TTM): | $0.12M as of Sep 30, 2021 |
| Free cash flow (TTM): | $0.08M as of Sep 30, 2021 |
| Net Debt Last Fiscal Year: | $0.12M as of Sep 30, 2021 |
| Shares outstanding: | 169,665,746 as of Sep 30, 2021 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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