Stock Guru LXES Profile
“Luck is what happens when preparation meets opportunity.” Seneca
The facts here are indisputable. Lexington Energy Services is meeting a growing service need in the Oil Sands of Canada. The service and supply companies tracked by Nickle’s Energy Group reports quarterly on this sector, while the fourth quarter report is not in, the first three quarters are stunning.
The first two quarters received stellar reviews: “The 45 service and supply companies tracked by Nickle’s Energy Group posted a combined profit of $481.6 million for the three months ended June 30, 2006, one of the best second quarters for the Canadian sector. This year’s profit was more than double the $174 million earned in the same three months of 2005 and more than four times the $90 million profits reaped in the second quarter of 2004.”
For the third quarter the report was equally impressive. Nickles reported:
“Combined cash flow for the 51 reporting service and supply companies that operate in Canada was $1.05 billion for the three months ended Sept. 30, 2006, up 53% from $682.6 million a year earlier. Revenues surged 33% to $4.59 billion.
For each quarter this year, cash flow has risen from the same period last year but the third quarter of 2006 showed the biggest year-over year rise.
The rapid expansion of Canada’s oilfield service and supply capability continued with $929 million invested on growth projects (excluding acquisitions) in the third quarter, up from $602 million for the same quarter last year and only $421 million for the third quarter of 2004.”
This is a dream scenario for any business. These statistics are the factual reality of the boom time for business in the oil sands. Lexington Energy Services provides and opporutnity to participate in this scenario without the dry hole!
Stay Tuned: Let’s Look at Nitrogen!
Source: Lexington Energy Services and Weekly Energy Bulletin, Nickles Canadian Oil Register
CONTACT: Lexington Energy Services Inc., Mark Procknow, Investor Relations, Calgary, 1-877-279-4550
About Lexington Energy Services Inc.: Lexington Energy Services Inc. manufactures and leases innovatively designed oilfield service equipment. Through their wholly owned subsidiary, Lexcore Services Inc., we also provide a range of drilling services to meet the growing needs of the oil and gas industry, including Alberta’s oil sands.
Forward-Looking Statements: Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Lexington’s filings with the Securities and Exchange Commission which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
Disclosure: Pentony Enterprises LLC has been compensated $48,000 and expects to be approximately 130,000 freetrading shares and $32,000 by noncontrolling third party Alliance World Limited for profile coverage. Pentony Enterprises LLC is not a registered investment advisers or broker/dealers. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.StockGuru.com is owned and operated by Pentony Enterprises LLC, 9555 Lebanon Road, Suite 103, Frisco, Texas 75035. Telephone: (214) 458-4258. Web: StockGuru.com. Email: Publisher@stockguru.com .