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CWC Energy Services Corp. (V:CWC)

Business Focus: Oil Related Services

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Insider Chart - Past 6 Months

Insider Filings

Latest 10 SEDI filings for CWC within the last 6 months
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Company News

Dec 05, 2022 16:48 ET
CWC ENERGY SERVICES CORP. ANNOUNCES 2023 CAPITAL EXPENDITURE BUDGET AND ISSUANCE OF RESTRICTED SHARE UNITS
CALGARY, AB, Dec. 5, 2022 /CNW/ - (TSXV: CWC) CWC Energy Services Corp. ("CWC" or the "Company") is pleased to announce that its Board of Directors have approved a 2023 capital expenditure budget of $26.3 million including $4.0 million of 2022 capital expenditure that will be carried forward into 2023. Of this $26.3 million, $6.7 million is for maintenance and infrastructure capital related to re-certifications, additions and upgrades to field equipment for the drilling rig and service rig divisions as well as information technology infrastructure, with the remaining $15.6 million being for
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Nov 14, 2022 07:00 ET
CWC ENERGY SERVICES CORP. REINSTATES NORMAL COURSE ISSUER BID FOR ITS COMMON SHARES AS AN AUTOMATIC SECURITIES PURCHASE PLAN
CALGARY, AB, Nov. 14, 2022 /CNW/ - (TSXV: CWC) CWC Energy Services Corp. ("CWC" or the "Company") is pleased to announce that it filed with the TSX Venture Exchange ("TSXV") a Notice of Intention to make a Normal Course Issuer Bid (the "Bid") to purchase for cancellation, from time to time, as CWC considers advisable, a maximum of 25,620,671 common shares (the "Common Shares"). CWC has entered into an "automatic securities purchase plan" (as defined under applicable securities laws) with Raymond James Ltd. ("Raymond James") for the purpose of making purchases under the Bid (the "ASPP"). Such
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Valuation Ratios

Industry
Sector
Beta
1.76
--
--
Price to Sales - TTM
0.72
0.46
3.47
Price to Book - most recent quarter
0.69
0.87
1.93
Price to Cash Flow per share - TTM
4.22
4.65
5.76
Price to Free Cash Flow per share - TTM
--
7.79
15.34
See all valuations

Short Report

DateNumber of Shares ShortedNet Change
Nov 30, 202221,299-101,096
Nov 15, 2022122,39580,684
Oct 31, 202241,71131,098
See Short Report

Business Summary

Sector:  Energy Industry:  Oil Related Services and Equipment

CWC Energy Services Corp. is a Canada-based contract drilling and well servicing company. The Company operates through two segments: Contract Drilling and Production Services. It operates its Contract Drilling segment in both Canada and the United States while its Production Services segment operates in Canada. The Contract Drilling segment provides drilling rigs and related ancillary equipment to oil and gas exploration and production companies. It provides contract drilling through its CWC Ironhand Drilling division. It operates in the Western Canadian Sedimentary Basin (WCSB). The Production Services segment provides well services to oil and gas exploration and production companies through the use of service rigs and swabbing rigs under the trade name CWC Well Services. It operates approximately 143 service rigs. Its operational locations include Nisku, Grande Prairie, Slave Lake, Sylvan Lake, Drayton Valley, Lloydminster, Provost and Brooks, Alberta.

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