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9 pts

Opinion on  Boots and Coots International Well Control Inc (WEL)     Sector: Energy  >  Industry: Oil Well Services & Equipment
Safety first!

Aug 08, 2008 01:28 AM GMT
11235
Return Risk
+0.86% MID
Sr. Associate

 

 

Increased EPS for safeguarding while safety in oil exploration expands to ramp up oil production growth... partners include Petrobras, Devon, Conoco, Chesapeake, Chevron, Shell, and Oxy among others.  The provide emergency response to oil wells. 

 

“Our success in increasing Boots & Coots’ presence as well as integrating the company’s service lines occurred in several markets and was led by strong Safeguard operations during the quarter,” stated Jerry Winchester, president and chief executive officer. “We expect the opportunities afforded to us from our strategic investments of the funds from last year’s equity offering, along with strong domestic and international markets, will continue to benefit the company through the rest of this year and into 2009.”


WEL:  This call was made on 08/08/08 @ $2.58
Rating:   Positive   $2.58 (08/08/08)
Closed:   09/15/2008 @ $2.51 (-2.71% in 38 days)
Target:   $3.00 (+16.28%) in > one year


Comments (2)

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abe Loren   61%     1 point   commented 477 days ago reply

only 3 dollars, are you crazy?

Look at my calculations, i have em pegged at around 3.50-4.25 based on earnings and estimates.

The reason you got crushed in the last 24 hours is because investors have mentally tied this stocks price to oil, causing it to fluctuate with the oil prices. but keep in there, and in less than a year you'll have a solid return

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11235
thebigkill   66%     1 point   commented 456 days ago reply

+20%!

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abe Loren   61%     1 point   commented 454 days ago reply

only up. shoulda got on earlier.


Your Comment

Who voted on this idea?
fiore1975 N/A 09/08/2008
Mgp
Mathieu Godbout Paquet 73% 09/01/2008



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