Foraco International Reports Q2 2019

Jul 29 09:07 2019 Print This Article

Growth continues – Back to profit

TORONTO and MARSEILLE, France, July 29, 2019 /CNW/ – Foraco International SA (TSX:FAR) (the “Company” or “Foraco”), a leading global provider of mineral drilling services, today released its unaudited financial results for the second quarter 2019. All figures are expressed in US Dollars (US$) unless otherwise indicated.

“In Q2 2019, we recorded revenue of US$ 54.1 million, a 18% increase over the same period last year. This growth rate clearly exceeds the consensus on market development reported by exploration and mining experts. We continue to gain market shares thanks to the confidence … Continue Reading

The post Foraco International Reports Q2 2019 appeared first on Canadian Oil Stocks.

Read More

About Article Author

CanadianOilStocks.ca

A website dedicated to covering Canada’s oil sector and plays. It tracks the big players in the industry and how their moves impact the oil sector in general. It covers numerous oil resource plays, including Lower Amaranth, Bakken, Cardium, Doig, Montney, Pekisko, Lower Shaunavon and Viking.

Related Items

Will The Recent Rally In Value Stocks Last?

September has been kind to undervalued shares, offering investors a reason to wonder if this long-suffering slice of the US equity market is finally due to lead over its growth counterparts. A few weeks is hardly a reliable gauge, but hope springs eternal… again. The current issue of Barron’s ...

US Open – Aramco Update, Focus shifting to Fed, US-Japan trade progress, Gold trims gains

If we don’t see any major geopolitical developments today, we could see a lackluster moves in US equities and the currency markets. The focus is tentatively shifting back to the Fed and markets are nervous that the sudden rise with oil prices could derail some dovish bets. The aftermath of the w ...

ENERGY AND FINANCIALS JUMP ON FLAT MARKET DAY -- RISING OIL PRICE LIFTS OIL SERVICE STOCKS -- HIGHER BOND YIELDS PUSH BANK STOCKS SHARPLY HIGHER -- STRONGER FINANCIAL STOCKS HELP BOOST SMALL CAPS -- RUSSELL 2000 INDEX CLOSES ABOVE ITS 200-DAY LINE

RISING OIL PRICE BOOSTS ENERGY STOCKS...A jump in crude oil helped make energy the strongest sector on a generally flat market day. Chart 1 shows the Energy SPDR (XLE) climbing 2% to the highest level in a month (on rising volume), and showing upside leadership for the the first time in awhile. Cha ...

Precision Announces Approval of Normal Course Issuer Bid

CALGARY, Alberta, Aug. 23, 2019 (GLOBE NEWSWIRE) — This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For important information with respect to such forward-looking information and statements and the further assumptions a ...

Fed Announcement Days Turn Bearish: S&P 500 Down 11 of Last 14

In the chart below the 30 trading days before and after the last 92 Fed meetings (back to March 2008) are graphed. There are three lines, “All,” “Up,” and “Down.” Up means the S&P 500 finished announcement day with a gain, down it finished with a loss or unchanged. Note how past down an ...

3 Reasons Why I See Further Upside Potential for Gold Prices

Gold may be off its 52-week highs, but the precious metal is still up more than 15 percent for the year through September 17. This appears to put gold on a path for its best year since 2010, when it gained just under 30 percent. (Click here to see our interactive Periodic Table of Commodity Re ...