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7 pts

Opinion on  Superior Energy Services Inc. (SPN)     Sector: Energy  >  Industry: Oil Well Services & Equipment
Bullish on SPN ...

Mar 31, 2009 05:54 PM GMT
Foto
Return Risk
-24.55% HIGH
Principal

Superior Energy Services, Inc. provides oilfield services and equipment to serve drilling and production-related needs of oil and gas companies. The company operates in three segments: Well Intervention Services, Rental Tools, and Marine Services. The Well Intervention Services segment offers coiled tubing, electric line, pumping and stimulation, gas lift, well control, snubbing, recompletion, engineering and well evaluation, offshore oil and gas tank and vessel cleaning, decommissioning, plug and abandonment, and mechanical wireline services. It provides mechanical wireline services in the Gulf of Mexico. This segment also engages in the manufacture and sale of specialized drilling rig instrumentation equipment. The Rental Tools segment manufactures, sells, and leases equipment for use with offshore and onshore oil and gas well drilling, completion, production, and workover activities in the United States, Venezuela, Trinidad, Mexico, Colombia, Brazil, Canada, the United Kingdom, Europe, the Middle East, west Africa, and the Asia Pacific region. Its rental tools include pressure control equipment, drill pipe and landing strings, connecting iron, handling tools, stabilizers, drill collars, torquing tools, and on-site accommodations. The Marine Services segment owns and operates a fleet of liftboats in the Gulf of Mexico. As of December 31, 2008, it operated a fleet of 38 liftboats, including 10 liftboats configured specifically for wireline services and 28 in its rental fleet. The company was founded in 1991 and is based in New Orleans, Louisiana


SPN:  This call was made on 03/31/09 @ $13.17
Rating:   Positive   $13.17 (03/31/09)
Gain/Loss:   +65.98% in 243 days
Allocation:   0.0% of portfolio


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