eResearch

eResearch

May 11, 2011 12:46 ET

eResearch Issues Initiating Report on Leader Energy Services Ltd.

TORONTO, ONTARIO--(Marketwire - May 11, 2011) - Leader Energy Services Ltd. (TSX VENTURE:LEA) provides well-stimulation services across the Western Canadian Sedimentary Basin.

The oil price is up. Drilling activity is up. Oilfield services business is up. Industry fundamentals are extremely strong for well-stimulation services companies like Leader Energy.

The strong recovery in drilling activity in western Canada has allowed the Company not only to expand its fleet size, but also to raise its prices. We anticipate these strong industry fundamentals will continue at least for the next two years. We see Leader Energy as a growth story. This provides the perfect back-drop for a scenario of increasing investor interest and a concomitant rising share price.

We recommend Leader Energy as a Speculative Buy for risk-tolerant investors. The recent pull-back represents a buying opportunity. Our 12-month Target Price is $1.90 per share.

This Press Release was prepared by eResearch and was not vetted by Leader Energy Services Ltd. Further, the Recommendation and Target Prices contained in this Press Release and in the Initiating Report are strictly those of eResearch and, due to securities laws, are not endorsed by Leader Energy Services Ltd.

eResearch is a primary source for professional investment research, focused primarily on small- and mid-cap companies. Our research and analysis is of institutional quality, and has the potential for reaching millions of global investors through our extensive electronic distribution network.

Leader Energy Services Ltd. paid eResearch a fee to conduct research on the Company, on an Annual Continuous Coverage basis.

For FREE access to all eResearch reports and articles, go to www.eresearch.ca.

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