Dalmac Forecasts Revenues of $40 Million for f2013
Posted: Wednesday Jan 23 1:41:15PM 2013
After today's trading = 59,263 shares held by Mackie (according to my calculations). Tomorrow they could finally be gone.
Posted: Wednesday Jan 23 11:17:41AM 2013
I just did a quick calculation to see how many shares of Dalmac Energy Mackie may still have to sell. My estimate is 84,763. Mackie has been holding the stock down for over a year now as they have been the major seller without a single share purchased. Once they are out of the way, hopefully the ever present selling wall and rally crusher will be out of the picture.
Posted: Wednesday Jan 23 11:15:09AM 2013
2013-01-23 05:24 PT - News Release
Mr. John Babic reports
DALMAC ENERGY FORECASTS RECORD REVENUES IN FISCAL 2013
Dalmac Energy Inc. is providing revenue guidance and a corporate update to
shareholders and investors. The third quarter is typically the company's
busiest, and this year has been no different. Dalmac is well on its way to again
posting record revenues for the current fiscal year ending April 30, 2013, with
sales expected to exceed $40-million.
Dalmac further reports that is has been successful in acquiring several new
contracts, the largest of which is for a major North American producer, which
has committed to a specified number of Dalmac's truck fleet to be utilized on a
24-hour standby basis until spring breakup. This is a significant contract for
Dalmac, which can be expanded into further revenue opportunities with this
The company has also taken delivery of a number of new trucks, trailers,
pickers and other equipment as part of its previously reported $6.5-million
equipment expansion. The equipment is fully booked upon service commencement.
The remainder of the equipment, valued at approximately $3-million, is expected
to be delivered by mid-February, 2013.
Approximately 75 per cent of the company's annual revenue is recurring work,
that is, fluid transfers and servicing of existing production, while the
remaining 25 per cent is contributed from drilling, fracing, completions and
maintenance work for new and existing customers. The company has been actively
overhauling its equipment inventory over the past few months as it ramps up its
fleet to meet stringent operating parameters and increasing demand. While
staffing levels and wage costs in the industry continue to be challenging,
Dalmac is confident that current positive industry indicators, an expanded
rental fleet and recently booked equipment contracts will continue to translate
into strong revenue growth through fiscal 2013 and well into fiscal 2014.