Good Stuf More strong steady growth in sales and revenue, continuing mutiple quarters of growth.
The $500K write down of the investment and one assumes depreciation of new and existing tools, if considered in the way most of us company owners do, means that there is no actual loss here - it is an accounting practice. Therefore add the "loss" back in, and that halves the company losses to 6 cents per share. Closer to breakeven all the time.
Anyhow, more positive news for us long invested types. Gotta wonder about those 20 tools that the company mentioned in the last paragraph.....
The short term market in Alberta has to suck, considering there is no good news in terms of miuch-needed pipleline infrastructure to send product to market. The news from the Alberta Government is not good. I suspect that may dampen enthusiasm for any drilling tools and their deployment here in Alberta. Happily for WEE I suspect is 17,000 new wells to be drilled in the US this year....The ability for the company's new tools to reduce drllling times on new wells by 20 - 25% is a gamechanger.
It's tempting to see if the bashers have any effect on the stock, to wait for a plunge and pick up some more. Very tempting indeed.