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  • cachibaier cachibaier Nov 15, 2013 9:01 AM Flag

    $4m dollar current annual run rate & $45m of projects from shareholder letter

    The operations of all of our subsidiaries are meeting or exceeding management's expectations. October 2013 revenues put the Company on a run rate over $4,000,000 annually. STW is currently bidding on $45,000,000 in projects.

    Positive Outlook
    Approximately 40% of the nation’s drilling rigs are working within a 150 mile radius of STW’s future national headquarters in Midland, Texas. The vast majority of STW’s management and key personnel are native West Texans, poising STW for continued growth through management's long cultivated local relationships and industry knowledge.
    We believe that oilfield reclamation is a booming market with significant revenue potential and have been working with several firms to procure the technology needed to reclaim oil base cuttings and heavy tank bottom sludge. With management's knowledge and relationships, as well as our highly trained sales force, we believe STW is well positioned to seek out the necessary capital and acquire other service companies that are synergistic with the Company's current operations and plans, which will allow for increased market share.

    Sentiment: Strong Buy

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    • Cach,

      this statement may be the most informative one in the letter. I do not see myself as anything but an opportunistic investor. I understand the lack of water and therefore the priority issue to approve deals where conservation efforts are in place. $45mm (or as much as 40% of them) in contracts will send this company's stock soaring!!

0.175+0.005(+3.00%)Jul 25 3:44 PMEDT

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