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Hyduke Energy Services


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Canadian net-net producing drilling equipment and offering services to oil & gas drillers. Profits have returned despite low gas prices due to higher activity in the WCSB and from them seaking international contracts. Although, this return of profits has been very slow and still weak. Sales are closing in on records, but margins are too low. They are working on that.

 

Shareholders dissatisfaction is extremely high with 40% of votes last year against all board members. This is without any outside holder above 10%, no proxy fight, no visible coalition. Insiders own around 20%.

 

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