TerraVest Industries Inc. (TVK.TO)
TerraVest Industries Inc. operates in the Oil & Gas Equipment & Services industry of the Energy sector, headquartered in Vegreville, AB, CA. The stock last traded at $122.57, down 1.33% on the session, giving a market capitalisation of $2.66B. Its beta of 0.59 implies it has historically moved less than the broad market.
TerraVest Industries Inc., in conjunction with its subsidiaries, manufactures and supplies a diverse array of products and services. The company primarily serves the energy, agriculture, mining, and transportation sectors across both Canada and the United States. Its operations are organized into three distinct divisions: Fuel Containment, Processing Equipment, and Service. The Fuel Containment division focuses on producing items such as bulk liquefied petroleum gas (LPG) transport trailers, LPG delivery and service vehicles, various LPG storage tanks (for residential and commercial use), dispensing units, custom pressure vessels, refined fuel tanks (commercial and residential), and heating systems including furnaces and boilers. Products from this segment are sold directly to end-users or through distribution channels to fuel distributors, transportation companies, and industrial, commercial, and residential clients. The Processing Equipment division specializes in the manufacturing and distribution of a broad spectrum of specialized machinery. This includes wellhead processing equipment and tanks, wellhead desanding units, central facilities processing apparatus, storage tanks for natural gas liquids (NGL) and LPG, anhydrous ammonia storage solutions, transport trailers for NGL, LPG, and ammonia (including wagons), and compressed gas transport trailers, alongside other custom-engineered processing equipment. Its primary customers are oil and gas producers, midstream and engineering firms, propane and fertilizer distributors, and transportation enterprises. The Service division provides crucial well servicing for the oil and gas industry, specifically within Southwest and Central Saskatchewan, utilizing its fleet of 21 service rigs. Founded in 2004, the company was initially known as TerraVest Capital Inc. before officially changing its name to TerraVest Industries Inc. in February 2018. TerraVest Industries Inc. maintains its corporate headquarters in Vegreville, Canada.
TerraVest Industries Inc. is most often compared with the following Energy names: