cawl

CWC Energy Services Corp. (OTCPK: CAWL.F) is a contract drilling and well servicing company that provides oilfield services to oil and gas exploration and production companies in Canada and the United States. The company operates through two primary segments: Contract Drilling and Production Services. Its services include completion, maintenance, workover, and well decommissioning, along with related equipment and services.

As of June 30, 2023, CWC Energy Services reported revenues of CA$213.83 million and earnings of CA$38.60 million. The company's gross profit stood at CA$67.79 million, with a net profit margin of 18.05%. The debt-to-equity ratio was 18.8%.

In November 2023, Precision Drilling Corporation completed the acquisition of CWC Energy Services Corp. for approximately CAD 110 million.

The leadership team included Duncan Au as Chief Executive Officer and President, appointed in October 2010, with a tenure of 13.1 years. Stuart King served as Chief Financial Officer for 5.9 years. The average tenure of the management team was 12 years, and the board of directors had an average tenure of 13.3 years.

Key competitors in the industry included Profire Energy (NasdaqCM: PFIE) with a market cap of US$74.0 million, Smart Sand (NasdaqGS: SND) at US$88.0 million, NCS Multistage Holdings (NasdaqCM: NCSM) at US$51.5 million, and Energy Services of America (NasdaqCM: ESOA) at US$168.4 million.

CWC Energy Services Corp. was headquartered in Canada.