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TETRA Technologies, Inc. Message Board

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  • hoodsie99 hoodsie99 Jun 26, 2004 10:52 AM Flag

    another acquisition

    Hola: I feel the acquisition is outside of the 4 areas of expertise...might be a sign of lower abandonment work in the gulf....SUG is
    doubling the size of their LNG terminal in the GOM and it won't be that long before imports of
    LNG will stabalize NG prices....gas compression is benefiting from coalbed methane which may be an environmental issue if Kerry gets in...I view the acquisition as a move to
    acquire rather than a move to grow the bottom line....just my opinion!!!

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    • you wrote
      "SUG is
      doubling the size of their LNG terminal in the GOM and it won't be that long before imports of
      LNG will stabalize NG prices."

      some ?s if i may

      1) what time frame is "thatlong"
      2) are you saying that stable prices will lower demand for new compresscor services?
      3) are you seeing acquisition as cash flow source ??
      4) someone must have thought the idea was
      acretive; I would have preferred buying my favorite CRED especially at these prices...but you know what...they didn't ask
      me !!

      also If you really think Kerry will win, I'm investing in personal security co's.(protection from him!) and shorting everything else.

      • 1 Reply to LadyBoilermaker
      • My only reply is to #2....compressors increase
        production costs....are often used on marginable wells when the spot price is high...
        also used in coalbed methane wells and older
        wells that require lifting help...margins are
        best when demand is high....UCO has recently been profitable but HC has lagged as have other smaller firms....the acquisition was small and away from the areas TTI has been
        growing from in the past....I'd prefer stock buyback to an acquisition that doesn't ring any
        bells for me!!!Tough day in the options pits!!!

 
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