Western Energy Services Corp V.WRG

Primary Symbol: T.WRG Alternate Symbol(s): WEEEF

Energy Oil & Gas Drilling

Western Energy Services Corp. is a Canada-based energy services company that provides contract drilling services in Canada and in the United States and production services in Canada through its various divisions, its subsidiary, and its first nations relationships. The Company's services include Horizon Drilling, Stoneham Drilling, Eagle Well Servicing and Aero Rental Services. Its contract drilling business includes drilling rigs along with related ancillary equipment. Its production services business includes well servicing rigs and related equipment, as well as rental equipment. It markets a fleet of approximately 41 drilling rigs specifically suited for drilling complex horizontal wells across Canada and the United States. The Company operates around 63 well servicing rigs. Its drilling rigs can include features such as AC power, top drive, dual fuel, automated pipe handling, automated catwalk, hydraulic substructure levelling, hydraulic BOP handling and Range III tubulars.

TSX:WRG - Post by User

Western Energy Services Corp

Bullboard Posts

Post by retsinaon Nov 19, 2010 8:18am

589 Views

Post# 17728626

WRG is undervalued

So we have have
.05 EPS after 9 months. Given the
.02 EPS in Q3 I would expect to be able generate
.03 in Q4 giving a total of
.08 for FY2010. I will post excerpts from any analyst reports I see in the next 24-72 hours but I wouldn't be surprised to see an 8X EPS multiple on a driller like WRG. Glad I added a bit at two bits. This will be an excellent one to hold IMHO.

Bullboard Posts

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