So TTI has:
1) Lost the Shell USA
2) Breaking w/BHI in international locations
Watching TX cut its P&A budget
4) Seeing major CaCl
inventory b/c of no inventory
5) NO room on the credit
6) NO cash flow b/c of major capex
7) No mgmt
this sounds miserable..
I'm not even going to bother responding to you
anymore. Your trading strategy and use of options is so
completely opposite to my investment style that it makes no
sense for us to argue. I note that most of the stocks
you've mentioned have also moved down considerably. As
far as that six month contest goes I imagine you are
way behind - but of course you'll reply that you've
been using options and shorting, etc. And that's
Go ahead. Insult me. Do it all day long until your
fingers are tired from typing. Waste all the time you
like. It just doesn't matter to me what you think or
LT; speaking of showing one's face: I am
surprised you can. You have been touting this dog for a
year now, and it is still lower than it was then. The
oils and drillers are up today, and of course TTI is
flat. I have given up on trying to convince you of the
folly of this play. I know, that sooner or later, one
day, maybe even in this life time, it will go up some.
THEN, out you will trot with "I told you so, I told you
it would go up". Well, I am sure you know that a
STOPPED lock is right for an instant two times a day, but
it is wrong the rest of the time.
GLCC is out, they own OSCA and are already in
trouble with their relationship with Dead
Albemarle, is a good possibility, they seem to be trying to
re-enter the oil field business again and what TTI owns
that is not oilfield related might fit with the rest
of Albemarle's business.
In the drilling services
sector,Tuboscope/Newpark. They seem to be putting together a competitive
team and TTI would fill a vacant position.
the box thought or question, where does Reliant
Energy get the chemicals for their new chiller system
that was built to supply A/C to office buildings in
How can you compare TTI to HAL and RIG? HAL is a
diversified oil sevices behemoth (19B cap). RIG is an
off-shore driller, which is also some 25+ times bigger than
TTI (3B cap). TTI is a small (110M cap) chemical
company that sells drilling and completion fluids to
drillers as well as a number of other products.
is not an oil service company. The price of oil does
not impact the market price of their products to the
same extent as it does rig dayrates.
perhaps TTI is "in trouble", but your mesg would
have more credibility if it included why. Roger your
heads-up on the earnings warning, but even that was not a
As far as the daily trading, according to data via
AUTex, institutional interest message traffic has all
been on the buy side the last two days. They may not
be buying lots, but they're talking about it. Could
all be low-ball offers, but its consistent with
modest upward bias on ticker.
That's all short
term noise, granted; I'd really want to see a break of
10 before I got excited on the long side.