Strad Energy Services Ltd. provided capital expenditure guidance for the year 2013. For the year, the company approved its preliminary 2013 capital expenditure program with an initial budget of $10 million for the first quarter. Strad will evaluate the size of the capital program beyond the first quarter based on industry conditions, and in any case, intends to limit the 2013 program to the Company's operating cash flow (defined as cash flow from operations less taxes, interest and dividends) for the year.
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- Strad Energy Services Ltd. Provides Capital Expenditure Guidance for the Year 2013