RE: The good news: As an addendum to earlier comments. Calfrac started 2012 at over $28/share and
inspite of a tough year for the sector, out performed peers. CFW not only raised its
dividend from .10 semi annually, it also announced share buyback of nearly 10%
of its 33MM float. The unprecedented 500% dividend increase, along with insider
stock purchases demonstrate how bullish insiders are for the future prospects of
Calfrac. By moving the dividend forward from January 2013, to December 2012
Calfrac is giving every shareholder an additional bonus. Especially US investors
who are facing higher dividend tax rates in the coming year.