Thoughts on Q3 Q3 results should be released very soon.
In Q2 the company stated "The Company is expecting revenues in the third quarter to be strong but below those recorded in the third quarter last year. The Company continues to actively bid new jobs and look for new opportunities. However, the continued low price of natural gas could affect future levels of activity in the areas where the company is active."
Revenue were exceptionally strong in Q3 2011. Revenues of $38m and net of $2.8M. Its anyones guess how close we get to those numbers as there has been no disclosure of contracts since the last release.
Hopefully the company also releases some details of the recent business purchase including assets purchased and revenue and income expectations.
Natural gas prices are strengthening. Future still seems bright.