logo-loader

Stock-of-the-Week: Leader Energy Services Ltd.

Last updated: 17:50 17 Oct 2011 BST, First published: 21:50 17 Oct 2011 BST

no_picture_pai

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.

Oriole Resources outlines 2023 achievements and future exploration plans

Oriole Resources PLC (AIM:ORR) CEO Tim Livesey and chief financial officer Bob Smeeton join Proactive's Stephen Gunnion with details of the company's 2023 financial and operational performance. Livesey highlighted successful exploration programs in Cameroon, at the Bibemi and Mbe projects,...

34 minutes ago