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Strad Energy Services Ltd. (T:SDY)

Business Focus: Oil Related Services

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Sector:  Energy Industry:  Oil Related Services and Equipment
 
See Regulatory Filings on SEDAR
Company Contact
Address: 440 2 Ave SW Suite 1200
CALGARY AB T2P 5E9
Tel: N/A
Website: https://www.stradenergy.com
IR: See website
Key People
Mick McNulty
Chairman of the Board
Andrew R. C. Pernal
President, Chief Executive Officer, Director
Michael Donovan
Chief Financial Officer
Shane B. Hopkie
Chief Operating Officer
Barbara K. Gutierrez
Senior Vice President - Corporate Services
Jeff L. Messer
Vice President - Operations and Sales, U.S. Operations
Business Overview
Strad Energy Services Ltd. is engaged in providing a range of well-site and energy infrastructure solutions, including Surface Equipment, Environmental and Access Matting, Solids Control and Waste Management, EcoPond (frac-water storage), Drill Pipe and Matting Manufacturing. Its commodity exposure includes conventional and unconventional oil, liquids rich natural gas, and dry natural gas, as well as exposure to Energy Infrastructure projects related to oil sands, pipelines and power transmission. The Company provides energy services and solutions to various sectors of the North American oil and gas industry. The Company's products include light towers, premix tanks, glycol heaters, shale bins, wood mats, XLT mats, crane mats, steel lock interlocking mats, steel lock LT interlocking mats, Mobile Mat Washing Unit, WorkSafe Rig Mats, Floc Tanks, WebLock Composite Mats and Heavy Weight Drill Pipe. The Company has approximately 25 operating locations throughout North America.
Financial Overview
For the three months ended 31 March 2019, Strad Energy Services Ltd revenues increased 9% to C$30.9M. Net income totaled C$1.6M vs. loss of C$397K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net Income reflects G/L on Sale of Tangible & Intangible FA increase from C$253K (expense) to C$113K (income).
Employees: 512 as of Sep 30, 2010
Reporting Currency: Canadian Dollars
Enterprise value: $109.94M as of Mar 31, 2019
Annual revenue (TTM): $122.44M as of Mar 31, 2019
EBITDA (TTM): $30.15M as of Mar 31, 2019
Net annual income (TTM): $0.95M as of Mar 31, 2019
Free cash flow (TTM): $1.10M as of Mar 31, 2019
Net Debt Last Fiscal Year: $21.71M as of Mar 31, 2019
Shares outstanding: 56,762,499 as of Apr 30, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization