pure energy psv $5.85
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Posted: Friday May 27 3:35:34PM 2011
oops, looks like market liked the results better than I thought they would.
PSV.to +.95 to C$7.13 +15%
by contrast LEA.v +.05 to C$.97 +5%
Posted: Thursday May 26 12:08:18PM 2011
Pure Energy looks good. Recovery of frack fluids and wireline operations re about equal contributors to revs. Had a nice Q4 but stock has been falling with all commodity related stocks since peak in March. Numbers look good. I still like Canyon, FRC.to, better due to high demand for high power fracking. Pure appears to have better metrics than Leader and is bigger. I still like Leader because it is smaller and could have more upside.
As long as drilling activity is high, all these oil services names are going to do well in 2011.
Posted: Thursday May 26 9:23:03AM 2011
Anyone follow this one? First q numbers of 28 cents a share profit seem very good but have not had time to dig very deep.