or Connect
HotStockMarket › Forums › HSM Stock Forum › Canadian Stocks Message Boards › NWE - New West Energy Services.
New Posts  All Forums:Forum Nav:

NWE - New West Energy Services.

post #1 of 5
Thread Starter 

New West recently announced the sales of their fluid division for $3.4 million .. this was the least profitable division and now allows the company to focus on the environmental services division.

 

Q3 should be out in a month or so and I would assume based on Q2 will show another decent profit.

Highlights from Q2:

 

Revenue for the three-month period ended Oct. 31, 2011, totalled $5,184,095, and for the six-month period ended Oct. 31, 2011, totalled $9,793,827. The comparative number for the three-month period ended Oct. 31, 2010, was $2,527,254, and for the six-month period ended Oct. 31, 2010, was $5,075,144.

 

Net income for the three-month period ended Oct. 31, 2011, totalled $595,986, and for the six-month period ended Oct. 31, 2011, totalled $807,203. The comparative number for the three-month period ended Oct. 31, 2010, was $(42,725), and for the six-month period ended Oct. 31, 2010, was $218,257.

post #2 of 5

Looks like a bit of a thin trader at the moment, but volume over the past two months is a lot better than any time before:

 

 

big.chart?nosettings=1&symb=CA%3aNWE&uf=0&type=4&size=3&sid=2929745&style=330&freq=1&time=8&rand=981728836&compidx=aaaaa%3a0&ma=0&maval=9&lf=1&lf2=4&lf3=0&height=665&width=720&mocktick=1
post #3 of 5

Gee, you used to follow EOR Enhanced Oil Resources. They sold the St Johns for $30 Million in cash. The company is sitting on $25.5 MM (.16 a share) Trades at .155-.17 with production of 365 bopd and cash....thats a .40 stock. Your thoughts with oil prices this high.....

post #4 of 5
Thread Starter 

Not bad for a .06 cent stock.

 

CALGARY, ALBERTA--(Marketwire - March 29, 2012) - NEW WEST ENERGY SERVICES INC. (TSX VENTURE:NWE) (the "Corporation") is pleased to announce the results for the Corporation for the three, six and nine month period ended January 31, 2012.

Revenue for the three month period ended January 31, 2012 totaled $4,712,589 (up 8% from the comparative period January 31, 2011 amount of $4,364,953), for the six month period ended October 31, 2011 totaled $9,793,827 (up 93% from the comparative period October 31, 2010 amount of $5,075,144) and for the nine month period ended January 31, 2012 totaled $14,506,416 (up 54% from the comparative period January 31, 2011 amount of $9,440,097).

Net income for the three month period ended January 31, 2012 totaled $3,486,140 (up 1015% from the comparative period January 31, 2011 amount of $312,496), for the six month period ended October 31, 2011 totaled $807,203 (up 270% from the comparative period October 31, 2010 amount of $218,257) and for the nine month period ended January 31, 2012 totaled $4,293,343 (up 708% from the comparative period January 31, 2011 amount of $530,753).

HIGHLIGHTS FOR THIS QUARTER
•The Corporation completed the sale of certain assets of its drilling fluids business for the sum of $3.3 million plus approximately $100,000 for inventory on January 25, 2012.
•Concurrently with the sale, Mr. A. Joseph Scarlett commenced employment with the purchaser and resigned as a director and officer of the Corporation and of the Corporation's drilling subsidiary.
•The Corporation is currently seeking acquisitions and other technologies which will complement its current services offered and add future growth potential.

The Corporation's financial statements and its Management Discussion and Analysis can be found on www.sedar.com.

About New West Energy Services Inc.

The Corporation operates in the oil field service industry in Canada through its wholly-owned subsidiary BearStone Environmental Solutions Inc. BearStone provides environmental services to the upstream oil and gas industry and operates a fleet of specialized vacuum and water trucks.

post #5 of 5

Coming back....

 

Enhanced Oil Resources Provides Drilling Update

HOUSTON, Sept. 19, 2012 /CNW/ -Enhanced Oil Resources Inc. (TSX.V: EOR; OTCQX: EORIF) (the "Company") is pleased to provide the following update regarding the Company's recent three well drilling program.

At the Company's wholly owned Milnesand oil field, the previously announced three well infill lateral program has been completed and the rig has been released. The MSU #123 well, the third and final well in this program was acidized yesterday, September 18, 2012.

The MSU #141 well, the second well in the program, was placed into production on September 9th and has produced approximately 963 barrels of oil over the initial 10 day period. Average production over that period was slightly in excess of 96 barrels of oil per day (bopd). The MSU #522 well, the first well drilled in the program, continues to produce oil at an average daily rate of approximately 40 barrels of oil per day (bopd).

Oil production volumes for September, to date, have averaged 453 barrels of oil per day (bopd), an increase of 45 bopd from August levels. Production volumes for the last 10 days have averaged approximately 543 bopd, largely due to the production gained from the MSU #141 and #522 wells.

Barry Lasker, CEO and President of Enhanced Oil Resources Inc. states, "The Company is very pleased with the initial production at the MSU #141 and MSU #522 infill wells. The results to date confirm our technical assessment that indicates considerable oil can still be recovered at Milnesand, and by analogy at the Chaveroo field, by infill drilling as a precursor to our CO2 developments. The Company is already planning the next round of three infill wells at Milnesand and we expect to start that program within the next 45 days, subject to all approvals being obtained".
 

New Posts  All Forums:Forum Nav:
  Return Home
  Back to Forum: Canadian Stocks Message Boards
HotStockMarket › Forums › HSM Stock Forum › Canadian Stocks Message Boards › NWE - New West Energy Services.