Enterprise Oilfield Group, Inc. (TSX: E) Third Quarter Results; Long Term Outlook
Recently, Enterprise Oilfield Group, Inc. reported that its consolidated revenue for the three months ended September 30, 2008 totaled $8.7 million versus $8.5 million for the third quarter of the year prior. The Company had EBITDAS of $1.6 million and a net income of $0.6 million for the quarter. The management team believes the long term outlook for the company’s business segments is positive. Although continuing credit market instability will likely be unfavorably to the energy industry during 2009, Enterprise is well positioned due to the diversity of its business and strong performance of its infrastructure services division. The company…