McCoy Global makes and services equipment for oil and gas well construction, like power tongs and casing tools, plus data tech for other industries.
Revenue is small at CAD 0.08B (2025), with net income of CAD 0.01B and a net margin near 10.8%—a low-margin, modestly profitable niche business.
Its niche in tubular running tools is specialized, but competition from larger oilfield suppliers and limited scale leave it with a weak durable advantage.
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The user interprets McCoy Global's dividend pause and net cash position as a signal of strong demand, seeking community input on the implication.
Main discussion
Now *this* is interesting. $MCB.TO paused their dividend in March and as of Q2 had ~8M in net cash. I'd take this as a strong signal of demand, but curious what others think? https://t.co/xadgtxpMPi
RT @KairosPraxis: Now *this* is interesting. $MCB.TO paused their dividend in March and as of Q2 had ~8M in net cash. I'd take this as a st…
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