Tough times in oil patch But things seem to be firming in quality names Austin Chalk ..
Austin Chalk you had a nice call on FTK a year ago BUT what about PVA you were touting ?
there is a rebuttal to the half truths told in the Bronte hit . SS going to get run over very soon. Yahoo will not allow SA post to its message board
Sentiment: Strong Buy
Monday good chance we could see some better news on the TX well situation FTK speaking at a conference in San Francisco
Anderson I asked you politely about the Pass Code for the Frac Max Apple App and received no answer ? What up with that ?
we will be getting updated data on wells with in a week goat should clear a few issues up
hey anderson sounds like you tried the FTK app on your IPAD along with HEMPTON would you be so kind to post it in on the message board so we all can try it. ? I call Flotek and they said it only for in house access . Thank You
this company was 98 % owned by institutions and the herd is selling . I agree with your assessment but until the big guys that want out finish with selling it will be under pressure. Credibility has been lost as well and not many will re enter until they go through the TIRE kicking process all over again .
Also most of the losses are one events ie. the Nat G write down .. Keep digging you will find something ..
FYI the analyst include in the estimates Impact of cash-settled derivatives but the news services only reported the actual sales . So CPE beat the estimates by 4 million ! Thought you shorts would read the release before posting .
FTK is 97% owned by institutions watch volume tomorrow it will be KEY , would be good to see FTK GAP lower on the open and close 5 to 7 % above the bottom . FTK is owned for one reason the ECT / CnF Chemical and as pointed out in the release it was a strong 3rd Qtr.in the Chemical segment also more validations are taking place this will add new revenues streams in 2016. FTK also has the DATA platform that is in the process of being monetized, I would guess on any weakness a few technology orientated funds might love to pick up discounted shares from a few panicked sellers ,Quote from the release "Flotek continues to consider opportunities to expand the reach of the Company’s DREAM™ big data analytics and visualization software, both by expanding the applications for FracMax® in the energy space as well as new applications beyond the energy space. In conjunction with several stakeholders, Flotek is engaged in discussions with a variety of parties to explore a number of initiatives related to the Company’s emerging software platform." IMO there is NO reason for an institution to sell shares in FTK given the strong performance of the chemical division, the big boys are well aware of the current market conditions and the time it takes to displace a old line technology with a new technology. GL
Chemical Sales strong it is the drilling tools that disappointed . Strong buy here to 15 .
Sentiment: Strong Buy
Simple so I can buy more at a lower level.. Kidding aside if they indicate that 4th qtr will be soft then it will go there BUT you need to be fast to beat me to the cheap shares,