The Globe and Mail reports in its Tuesday, Aug. 19, edition that Beacon analyst Russell Stanley commenced coverage on McCoy Global with a "buy" recommendation and a $5.50 share target. The Globe's Darcy Keith writes in the Eye On Equities column that McCoy Global develops and sells equipment used for tubular running services in the oil and gas industry. Mr. McCoy says in his initiation note: "While McCoy has a long history providing traditional TRS equipment, the company has developed a next generation product suite (smartProducts) that incorporates advanced sensors and software, enabling greater automation and reducing onsite labour requirements. These tools support significant improvements in operating efficiency/consistency, safety performance and data capture." The Globe reported on July 1 that Bedford Park Capital small-cap money manager Jordan Zinberg was keen on Edmonton-based energy services company McCoy Global. One of the things Mr. Zinberg said he liked about McCoy Global was its pristine balance sheet. The shares could then be had for $4.33.