Trican, Suntech Power, SunPower energy stocks
am 20.12.2005 08:48:49 von ultimatestockpicksUltimate Stock Picks has been updated. Please see:
TRICAN WELL SERVICE LTD. (Toronto:TCW.TO) provides a comprehensive
array of specialized products, equipment and services to the oil and
gas industry. These services are utilized in the drilling, completion,
stimulation and reworking of oil and gas wells. Headquartered in
Calgary, Alberta, the Company operates bases in Alberta, British
Columbia and Saskatchewan and provides services to customers across the
entire Western Canadian Sedimentary Basin, the United States and
Russia.
For the nine months ended September 30, 2005, sales increased to $433.4
million compared to the $281.6 million recorded in the same period in
2004.
For the nine months ended September 30, 2005, net income from
continuing operations totalled $81.3 million, an increase of 100% over
the same period in 2004. Earnings per share from continuing operations
on a year-to-date basis increased 95% to $1.44 ($1.38 diluted) versus
$0.74 ($0.71 diluted) in the comparable prior period.
For the three months ended September 30, 2005, sales increased to
$174.9 million compared to the $95.4 million recorded in the same
period in 2004.
For the three months ending September, 30, 2005, net income for the
quarter increased 345% to $36.6 million compared to the $8.2 million
recorded in the same period in 2004. Similarly, earnings per share
increased 327% to $0.64 ($0.62 diluted) from $0.15 ($0.14 diluted) for
the comparable period in 2004.
Natural gas directed drilling continued to comprise a majority of the
activity as high commodity prices support strong exploration and
development initiatives. Trican continues to invest in expanding its
operational capacity in Canada to meet growing customer demand and
expected strong activity levels. International operations, which
include operations in Russia and Kazakhstan, are experiencing
significant growth.
This stock is on fire as the company experiences significant growth,
which will continue in 2006 and 2007, at least. Even if oil and gas
prices decline 10 or 20%, growth in drilling activity will still be
significant, and Trican will grow be a stellar performer.
If oil and gas prices continue to increase in the next couple of years,
you can expect Trican to double in price a couple of times.
Buy Trican. The stock was unchanged at $54.20 on Monday, December 19,
2005.