Secure Energy Services Inc.’s drilling service division has been on a roll as deeper and longer horizontal wells have boosted demand for its drilling fluids.
The division’s sales were up 27 per cent in the first quarter. The firm also has its eye on the oil-by-rail market.
By the end of the year, its processing, recovery and disposal (PRD) division expects to commission a full-service heavy oil rail facility at Rycroft, Alta.
In a positive sign, Daniel Steinke, executive vice-president of PRD operations, exercised 39,333 options in May and has not subsequently reported selling any stock.
Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.
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