Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
McCoy Global Inc. is a Canada-based industrial technology and services company that operates primarily within the oil and gas and energy infrastructure industries. The company specializes in the design, manufacture, and service of equipment used in tubular running operations, which are critical processes in the construction and maintenance of oil and gas wells. Its offerings are focused on improving safety, efficiency, and performance during well construction activities.
The company’s primary revenue drivers include the sale, rental, and servicing of tubular running equipment (TRE), along with related digital solutions and aftermarket services. McCoy Global serves upstream oil and gas producers, drilling contractors, and service companies across both onshore and offshore markets. Founded in 1914 as a regional oilfield service business, the company evolved through decades of organic development and acquisitions, rebranding as McCoy Global Inc. in 2014 to reflect its expanded international presence and technology-focused strategy.
Business Operations
McCoy Global operates through two core business segments: Capital Equipment and Aftermarket Products & Services. The Capital Equipment segment includes the design and manufacture of proprietary tubular running systems, such as power tongs, backup tongs, and automated handling equipment. The Aftermarket Products & Services segment generates recurring revenue through equipment rentals, spare parts, inspections, maintenance, and field services.
Operations span both domestic and international markets, with manufacturing, service, and technology assets located in North America and supported by a global service network. The company controls proprietary mechanical and digital technologies, including automation and data-enabled tools that enhance drilling performance and safety. McCoy Global operates through wholly owned subsidiaries, including McCoy Global Canada Ltd., McCoy Global USA Inc., and McCoy Global Middle East Ltd., which support regional operations and customer relationships.
Strategic Position & Investments
McCoy Global’s strategy is centered on disciplined growth, operational efficiency, and increased penetration of technology-enabled solutions within the oilfield services market. Growth initiatives include expanding its installed base of automated tubular running systems, increasing aftermarket service penetration, and advancing digital and data-driven product offerings that support customer performance and safety objectives.
The company has historically pursued targeted acquisitions to strengthen its technology portfolio and geographic reach, while maintaining a conservative capital structure. Its investment focus emphasizes automation, equipment reliability, and lifecycle services rather than large-scale diversification. Emerging areas of strategic interest include enhanced automation, digital monitoring, and technologies that support safer and more efficient well construction in increasingly complex drilling environments.
Geographic Footprint
McCoy Global is headquartered in Calgary, Alberta, Canada, and maintains a significant operational presence across North America, particularly in the United States and Canada, which represent its largest markets. The company also operates in key international energy regions, including the Middle East, Europe, and parts of Asia-Pacific, supporting both onshore and offshore drilling activity.
Through its subsidiaries and service centers, McCoy Global maintains market access across multiple continents, allowing it to support multinational energy operators and drilling contractors. Its international footprint is designed to align with major oil and gas basins and regions with sustained drilling and well construction activity.
Leadership & Governance
McCoy Global is led by an executive team with extensive experience in oilfield services, industrial manufacturing, and technology-driven operations. The leadership team emphasizes operational discipline, safety, innovation, and long-term value creation for shareholders, with governance practices aligned to public company standards in Canada.
Key executives include:
- Jim Rakievich – President & Chief Executive Officer
- Jason Norwood – Chief Financial Officer
- Jeffrey Olson – Vice President, Operations
- Matthew Molchan – Vice President, Technology & Product Development
- Cam McDonald – Vice President, Sales & Marketing
The company is overseen by an independent Board of Directors that provides strategic guidance, risk oversight, and governance in accordance with Canadian securities regulations and public company best practices.