Wenzel out with earnings, hits 52-week stock peak

Wenzel Downhole Tools Ltd. (T.WZL) hit a new 52-week high of $2.70 Tuesday. Wenzel Downhole Tools Ltd. is pleased to report on its financial results for the three-month and nine-month periods ending September 30, 2011. For the third quarter, revenues in 2011 were up 81% over the same quarter in 2010.

Revenues for first nine months of 2011 were up 51% compared to the same period in 2010. This is a reflection of the continued growth in drilling, particularly horizontal drilling, in North America and internationally. Earnings for the third quarter were $4.8 million ($0.15/share) compared to earnings for the third quarter of 2010 of $1.6 million ($0.05/share).

Crocotta Energy Inc. (T.CTA) hit a new 52-week high of $3.43 Tuesday. No news announcements today.

MI Developments Inc. (T.MIM) hit a new 52-week high of $33.82 Tuesday. No news announcements today.

Provident Energy Ltd. (T.PVE) hit a new 52-week high of $9.67 Tuesday. No news announcements today.

Morguard Corporation (T.MRC) hit a new 52-week high of $77.50 Tuesday. No news announcements today.

Whitecap Resources Inc. (T.WCP) hit a new 52-week high of $8.19 Tuesday. No news announcements today.

Gendis Inc. (T.GDS) hit a new 52-week high of $3.10 Tuesday. No news announcements today.

Foraco International SA (T.FAR) hit a new 52-week high of $4.00 Tuesday. No news announcements today.

Miranda Technologies Inc. (T.MT) hit a new 52-week high of $9.97 Tuesday. No news announcements today.

Related Stories