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McCoy Global Inc
Symbol MCB
Shares Issued 26,756,899
Close 2025-07-02 C$ 4.33
Market Cap C$ 115,857,373
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Globe says Bedford's Zinberg keen on McCoy Global

2025-07-02 08:41 ET - In the News

The Globe and Mail reports in its Tuesday, July 1, edition that Bedford Park Capital small-cap money manager Jordan Zinberg likes Edmonton-based energy services company McCoy Global. The Globe's Brenda Bouw writes that Mr. Zinberg says he bought McCoy shares for $1.99 in September, 2024. It has more than doubled since. Mr. Zinberg says he recently added to his position at just less than $4. McCoy has customers in more than 50 countries. It provides equipment and technologies for tubular running services (pipes in oil and gas well construction) that help improve worker safety and reduce costs. The company has seen strong growth and is very profitable. One of the things Mr. Zinberg likes about it is its pristine balance sheet; it is in a net cash position with no debt. It is a well-managed business. It also has a small but growing recurring revenue component, which is relatively unique for an energy services company. Insiders own more than 40 per cent of the company. The stock has doubled since September, which means there is increased investor awareness. Mr. Zinberg says the risk for this company would be a downturn in the energy sector, reducing demand for its products and services.

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