Latest news with #Nisku
Yahoo
17-07-2025
- Yahoo
Alberta company fined after worker dies of carbon monoxide poisoning
An Alberta company has been fined $330,000 in the death of a worker who succumbed to carbon monoxide poisoning on the job two years ago. NC Equipment Ltd. — a heavy equipment rental company and dealership based in Nisku, Alta., — has been convicted of a single contravention under Alberta's Occupational Health and Safety Code in the 2023 death of its employee. The company pleaded guilty to a safety violation for failing to ensure that the equipment used by the man would perform its intended function safely. According to court documents, Jeffery Simmons died on Feb. 22, 2023, in or near Edmonton, while conducting sandblasting work for the company. Investigators determined that he was using an air respirator equipped with a supplied air system when he was exposed to carbon monoxide. A co-worker found him unresponsive on site. He was taken to hospital in critical, life-threatening condition but later died. The risks of carbon monoxide poisoning are well known. Exposure to the colourless, odourless gas in excessive levels can prove toxic, resulting in arrhythmia, seizures or death. According to the court documents, Simmons had been using a sandblasting system which included a portable air compressor, a Radex airline filter, a Nova blasting safety respirator, and a Mod-U-Blast sandblasting machine. NC Equipment Ltd. was convicted July 14 and ordered to pay a total of $330,000, inclusive of a victim surcharge. The company had been charged with a total of 22 counts, but all other charges were dropped. According to the company's website, the family-run operation rents and sells heavy equipment. When reached by phone Thursday, company officials declined to comment.
CBC
17-07-2025
- CBC
Alberta company fined after worker dies of carbon monoxide poisoning
An Alberta company has been fined $330,000 in the death of a worker who succumbed to carbon monoxide poisoning on the job two years ago. NC Equipment Ltd. — a heavy equipment rental company and dealership based in Nisku, Alta., — has been convicted of a single contravention under Alberta's Occupational Health and Safety Code in the 2023 death of its employee. The company pleaded guilty to a safety violation for failing to ensure that the equipment used by the man would perform its intended function safely. According to court documents, Jeffery Simmons died on Feb. 22, 2023, in or near Edmonton, while conducting sandblasting work for the company. Investigators determined that he was using an air respirator equipped with a supplied air system when he was exposed to carbon monoxide. A co-worker found him unresponsive on site. He was taken to hospital in critical, life-threatening condition but later died. The risks of carbon monoxide poisoning are well known. Exposure to the colourless, odourless gas in excessive levels can prove toxic, resulting in arrhythmia, seizures or death. According to the court documents, Simmons had been using a sandblasting system which included a portable air compressor, a Radex airline filter, a Nova blasting safety respirator, and a Mod-U-Blast sandblasting machine. NC Equipment Ltd. was convicted July 14 and ordered to pay a total of $330,000, inclusive of a victim surcharge. The company had been charged with a total of 22 counts, but all other charges were dropped. According to the company's website, the family-run operation rents and sells heavy equipment.
Forbes
07-07-2025
- Business
- Forbes
What's Happening With Dnow Stock?
NISKU, CANADA - FEBRUARY 07: The Distribution Now (DNOW) logo displayed in Nisku, Alberta, Canada, ... More on February 7, 2025. DNOW is a prominent global supplier, specializing in energy and industrial products, services, engineered equipment packages, and comprehensive supply chain solutions. (Photo by Artur Widak/NurPhoto via Getty Images) Dnow Inc. (NYSE: DNOW), a prominent provider of energy and industrial products, has risen 11% year-to-date, surpassing the S&P 500's 5% increase. Following the company's announcement of a $1.5 billion all-stock acquisition of energy infrastructure counterpart MRC Global Inc. (NYSE: MRC), investor interest has intensified, a move that could potentially transform the energy supply chain sector. According to the agreement, MRC shareholders are set to receive 0.9489 shares of DNOW for every MRC share they own—representing an 8.5% premium to MRC's 30-day volume-weighted average price of $12.77 as of June 25. Based on the closing prices from that day, the transaction suggests a total enterprise value of roughly $3.0 billion. After the merger concludes, DNOW shareholders will possess approximately 56.5% of the newly formed company, whereas MRC investors will retain the remaining 43.5%, on a fully diluted basis. This all-stock agreement merges two significant entities in the energy infrastructure supply domain, granting DNOW increased scale, diversification, and negotiating leverage. In spite of the positive news, macroeconomic challenges persist. WTI crude prices have declined 5% year-to-date, trading near $67 per barrel, due to concerns that OPEC+ may enhance supply by up to 411,000 barrels per day in August, adding to a planned 2025 increase of 1.78 million bpd (over 1.5% of global demand). Simultaneously, trade tensions are once again escalating. U.S. Treasury Secretary Scott Bessent alerted to the possibility of tariffs reaching as high as 50% being reinstated as soon as July 9, bringing back earlier proposed tariffs. These tariffs could negatively impact industrial and energy demand, crucial end markets for DNOW. That said, investors looking for upside with reduced volatility compared to a single stock may want to consider the Trefis High Quality portfolio, which has reliably outperformed the S&P 500, delivering a total return exceeding 91% since its inception. It provides diversified exposure to robust companies with stable performance, yielding a smoother experience compared to the commodity-driven volatility associated with DNOW. What Does Dnow's Valuation Look Like Compared To The S&P 500? According to the price paid per dollar of sales or profit, DNOW stock appears inexpensive compared to the overall market. • Dnow boasts a price-to-sales (P/S) ratio of 0.7 in contrast to a figure of 3.1 for the S&P 500 • Furthermore, the company's price-to-free cash flow (P/FCF) ratio is 8.4 compared to 20.9 for the S&P 500 • Additionally, it has a price-to-earnings (P/E) ratio of 18.9 vs. the benchmark's 26.9 How Have Dnow's Revenues Increased In Recent Years? Dnow's revenues have experienced some growth in recent years. • Dnow has recorded an average growth rate of 12.0% in its top line over the past 3 years (in comparison to an increase of 5.5% for the S&P 500) • Its revenues have increased 4.7% from $2.3 billion to $2.4 billion in the last 12 months (compared to growth of 5.5% for the S&P 500) • Additionally, its quarterly revenues rose by 6.4% to $599 million in the most recent quarter from $563 million a year earlier (compared to a 4.8% improvement for the S&P 500) How Profitable Is Dnow? Dnow's profit margins are considerably lower than those of most companies in the Trefis coverage universe. • Dnow's Operating Income over the last four quarters stood at $121 million, marking a subpar Operating Margin of 5.0% • DNOW Operating Cash Flow (OCF) during this period reached $201 million, indicating a subpar OCF Margin of 8.3% (compared to 14.9% for the S&P 500) • Over the last four-quarter period, DNOW reported Net Income of $82 million, signifying a subpar Net Income Margin of 3.4% (in contrast to 11.6% for the S&P 500) Does Dnow Appear Financially Stable? Dnow's balance sheet demonstrates considerable strength. • Dnow's Debt figure was $41 million at the end of the most recent quarter, while its market capitalization amounts to $1.5 billion (as of 7/2/2025). This leads to a very strong Debt-to-Equity Ratio of 2.6% (in comparison to 19.4% for the S&P 500). [Note: A low Debt-to-Equity Ratio is preferable] • Cash (including cash equivalents) constitutes $219 million of the total $1.7 billion in Total Assets for Dnow. This results in a strong Cash-to-Assets Ratio of 13.3% How Resilient Is DNOW Stock During Economic Downturns? DNOW stock has performed poorer than the benchmark S&P 500 index during some of the recent downturns. While investors hope for a soft landing of the U.S. economy, what could be the potential impact if another recession occurs? Our dashboard How Low Can Stocks Go During A Market Crash outlines how key stocks have performed during and after the last six market crashes. • DNOW stock saw a decline of 40.4% from a peak of $11.77 on 12 March 2021 to $7.01 on 19 August 2021, while the S&P 500 experienced a peak-to-bottom drop of 25.4% • The stock fully rebounded to its pre-Crisis peak by 6 June 2022 • Since that time, the stock has risen to a peak of $17.59 on 18 February 2025 and currently trades around $14.40 • DNOW stock declined by 65.6% from its high of $11.82 on 16 January 2020 to $4.07 on 30 October 2020, compared to a peak-to-trough decline of 33.9% for the S&P 500 • The stock fully recovered to its pre-Crisis peak by 6 June 2022 Putting It All Together: What This Means For DNOW Stock In conclusion, DNOW's performance according to the parameters outlined above is summarized as follows: • Growth: Strong • Profitability: Very Weak • Financial Stability: Extremely Strong • Downturn Resilience: Very Weak • Overall: Neutral Considering its significantly discounted valuation, this supports the idea that DNOW is a compelling purchase. While DNOW stock appears promising, investing in a single stock carries risks. You might want to look into the Trefis Reinforced Value (RV) Portfolio, which has outperformed its all-cap stocks benchmark (a combination of the S&P 500, S&P mid-cap, and Russell 2000 benchmark indices), delivering strong returns for investors. What accounts for this? The quarterly rebalanced mix of large-, mid-, and small-cap RV Portfolio stocks offers an adaptive approach to maximize returns during favorable market conditions while minimizing losses in downturns, as detailed in RV Portfolio performance metrics.
CTV News
25-06-2025
- CTV News
‘It can happen': MADD uses flipped car as visual reminder of impaired driving for summer campaign
A crashed car adorned with the painted words 'Don't Drive Impaired' sits flipped over on the side of the road in Nisku near Blackjack's Roadhouse on Wednesday. It marks the launch of the annual campaign by Mothers Against Drunk Driving (MADD) Edmonton, which hopes the car will remind drivers to not drive impaired and help save lives. 'Hopefully, they remember that this is something that can actually happen to them and it's not something that happens to other people,' president of MADD Edmonton Allison Tatham said at the campaign launch. 'It can happen. It happens right here in our own community.' Tatham has been a paramedic for the past 19 years. She said working in emergency services did not prepare her and her family for being a victim of impaired driving. 'Eleven years ago, my dad was killed by an impaired driver, and it was something that was completely foreign to me as somebody who helps other people with their own emergency,' she said. 'Now it's something that happened in my own life.' Tatham added that she wishes the message was getting through to more people but said the legalization of marijuana has presented new challenges. 'Impaired driving also includes drugs, and marijuana (is) probably one of the bigger ones that we see because it doesn't affect you right now. It affects you later,' she said, adding that people can feel high in the middle of driving to their destination. MADD Edmonton crashed car campaign (Cam Wiebe/CTV News Edmonton) MADD Edmonton launches their "Crashed Car" campaign. A flipped over car on the side of the road sits under a billboard in Nisku on June 25, 2025. (Cam Wiebe/CTV News Edmonton) According to MADD Edmonton, four people are killed and 190 people are injured every day from impaired driving incidents. The car will sit at the Nisku location for six weeks before moving to its next location by Dignity Memorial on St. Albert Trail. The campaign runs until the end of the summer. Tatham hopes it will be the 'face of the community every day,' and that the crashed car will remind people not to drive impaired and to report an impaired driver if they see one. 'If we can call 911 every day to report an impaired driver, we're going to be so much better off in the long run,' she added. 'We just want people to understand that this is happening.' With files from CTV News Edmonton's Cam Wiebe
CTV News
12-06-2025
- Business
- CTV News
Edmonton-area restaurant closes for Oilers games despite losing revenue
Profits be damned! That's the unofficial motto for an Edmonton-area buffet restaurant when it comes to choosing between cooking up Ukrainian food for customers or watching their favourite team in the National Hockey League playoffs. Saskitoba has been putting a pause on frying up pierogies, cabbage rolls, sausages and onions at suppertime when the Edmonton Oilers take the ice in the post-season for two years now. And as the team keeps winning playoff rounds and playing earlier and earlier in the evening, it forces the owners of the restaurant in Nisku, Alta., to choose between staying open or closing early to watch games. Candy Galay has been choosing the latter. 'Closing early is completely worth it for us because then we get to watch them win in real time and not hear about it later,' Galaxy, a co-owner of Saskitoba, told CTV News Edmonton on Thursday before Game 4 of the Stanley Cup Final between the Oilers, her favourite team, and the Florida Panthers. Regular customers have had to get used to this game-day tradition, but at least one of them supports their decision to forego profits for puck-watching. 'I'm in support of closing early for the games, so then everyone gets to watch and enjoy it,' Brenda Wangert said at the restaurant on Thursday. 'More places should do that for their staff and people.' Saskitoba Candy Galay, left, talks to customers at Saskitoba, the Ukrainian buffet restaurant in Nisku she co-owns, on June 12, 2025. (Nahreman Issa/CTV News Edmonton) Galaxy, who moved to the Edmonton area from Winnipeg almost 20 years ago and converted from Jets to Oilers fandom, has been proactive in helping customers get their dinner fix. 'We're offering them a take-home meal consisting of everything that would be on the buffet, but they can just come, pick, pre order, pick it up, take it home and eat it in front of their TV while they're enjoying the game as well,' she said. And even though burglars broke into the restaurant earlier this month and staying open could help them recoup the costs of the break-in, Galaxy chooses to close Saskitoba for games. 'We are a small business. We struggle, like all of the other ones,' she said. 'It's a tough go out there in today's economy, but you've just got to roll with it.' With files from CTV News Edmonton's Nahreman Issa
