Quick Facts
One Year Chart (LEA)
Source: www.bigcharts.com
Price (Oct. 17/11):
$0.70
52-Week High-Low:
$1.45 - $0.20
Average Daily Volume:
50-day: 38,900
200-day: 99,800
Shares Outstanding:
19.46 million
Market Capitalization:
$13.62 million
Year-End:
December 31
Symbol: TSX-V: LEA
Website: www.leaderenergy.com
Viewpoint
Leader Energy Services Ltd. is based in Alberta and provides well-stimulation services across the Western Canadian Sedimentary Basin. The Company has three core services lines:
1. Coiled Tubing: a highly versatile product used for a broad range of critical functions during the completion stage of drilling an oil or gas well;
2. Nitrogen Services: used in numerous well stimulation and workover operations; and
3. Fluid Pumping Services: focused on delivering drilling fluids downhole in conjunction with coiled tubing applications.
Smaller than most of its competitors, Leader Energy has focused on securing a niche position within the industry by pursuing a strategy that combines quick response time with proprietary innovation in order to meet the specialty needs of clients engaged in technically complex drilling activities. Delivering these services rests on a combination of competencies, including operational positioning close to development areas, capabilities for in-house development, and access to a seasoned and technically proficient labour force.
In a financial guidance announcement, Leader Energy said it expects revenue for Q3 ending September 30, 2011 to exceed $9.8 million, an increase of more than 50% over the corresponding period last year. These results would exceed internal expectations, and would represent the highest Q3 revenue reported from the Western Canadian Sedimentary Basin in the Company’s 10-year history.
Leader Energy also announced that it expects to place its new 2 3/8” deep-coiled tubing unit and its second fluid pumper into service by the end of October. By the end of the year, the Company expects to have significantly increased its deep coiled tubing and fluid pumping capacity.
Expecting robust demand for its services through to spring break-up, the Company will be determining additional expansion plans in Q4/2011.