67 WALL STREET, New York - January 3, 2014 - The Wall Street Transcript has just published its Oil & Gas: Drilling Equipment and Services Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Equity Analysts. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Topics covered: Oil Price Expectations - Shale, Offshore and Deepwater Drilling - Unconventional Resources - Bundled Oil and Gas Services - Oil and Gas Transportation Services - Dividend Yields for Energy Investors - Domestic Crude Prices - International Energy Opportunities
Companies include: Lonestar West Inc. (LSI.V) and many more.
In the following excerpt from the Oil & Gas: Drilling Equipment and Services Report, the Founder, President and CEO of Lonestar West Inc. (LSI.V) discusses company strategy and the outlook for this vital industry:
TWST: Can you talk a little bit about your most recent financial results? As I recall, you reported record revenue in the September quarter.
Mr. Horvath: Yes, so the recent results that were released in September were a record from a revenue standpoint. However, from a cash or an EBITDA standpoint, we were a little disappointed. We had a softer quarter in Canada, for sure, just with the weather that we experienced and the flooding; it definitely affected our numbers. Some of the big-inch pipeline projects that we were expecting to see were postponed. We did spend some money going across into the U.S. to roll out that platform. Even though the topline revenue number was great, we are going to keep improving on the bottom line as we go forward.
TWST: What is happening in the macro environment and/or within your customers' businesses that you think could be catalysts for growth for Lonestar?
Mr. Horvath: I think that we're growing at a pretty good clip right now, and from a big-picture standpoint of what our competition is doing, is the same curve. From our customers' standpoint, we've just seen the 2013 summer, which we expected to be a bit softer just from the projects that were being released. Going into 2014, there doesn't seem to be any end in sight. Some of our customers are being acquired by larger companies, and it seems they are switching to go mode finally, and it's going to be an awesome 2014.
TWST: I know you have a background as an entrepreneur and you started Lonestar back in 2000. What key people have you added to your management team, and what are the skills they have to take the company to the next level?
For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
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