Brendan Kyne
Producers Oilfield Services
POS-T
PAST TOP PICK
Aug 30, 2005
(A Top Pick May 31/05. Down 2%.) Still likes. Requires bit more patience. Provides a lot of infrastructure in the oil fields such as moving drill rigs. Between now and 3/5 years, it will be an excellent performer. Will probably be acquired.
Has an effective monopoly in northern Alberta related to the movement of oil drill rigs and trucking out of drilling waste. Have made a lot of acquisitions, so its earnings profile has changed. Has potential to earn close to $1 run rate over the next 12/24 months.