GREY:WONEF - Post by User
Post by
Royal10on May 23, 2018 2:02pm
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Post# 28070773
WEQ: strong breakout!
WEQ: strong breakout!
WEQ is breaking out from a large weekly base (18 months). This important move reflects positive fundamental turnaround as expressed in the last quarterly report: "Our strong first quarter operating results were driven by ongoing positive trending in industry demand for rental equipment, favourable weather conditions in Alberta, and, above all, dedication from our front line employees delivering quality services to our customers in urban and remote markets," said Peter Blake, chief executive officer of WesternOne. "We are encouraged with the continued signs of gradual economic growth in the Western Canadian markets as we execute our business strategy to enhance capital returns through managing revenue growth, redeploying fleet within branches and leveraging our Wedge remote monitoring technology."