Bloomberg mentioned yesterday afternoon that 3D Seismic imagery is getting bigger, especially for exploration in oil & gas fracing industries, while not specifically mentioning GEOS, it is a big growth area,
s growth seems to be out of favor in the oil services sector at the moment, and the market remains very uncertain, the more diversified Schlumberger and Fugro (FUR.AS) are safer bets than the pure seismic players like Compagnie Générale de Géophysique-Veritas, and Petroleum Geo-Services.
Schlumberger, the largest diversified oil service provider in the world, has adopted seismic as a core business line by investing billions in the seismic sector over the last five years. This strategy is unique and strongly contrasts with its large rivals Baker Hughes (BHI) and Halliburton (HAL), which have invested little in this area. Likewise, Fugro, a European service company, is leveraged in the ROV (Remotely Operated Vehicle) segment, which has a very positive outlook in regards to growth and margins. The ROV segment is expected to benefit from continuing offshore construction activity.
Movado and Swatch sales are starting to pick up again, perhaps the summer weather will reward FOSL stores, we'll see.......
A real joker this guy ray is......I will guarantee you DE will hit $90 within a month with all the block BUYS going on today, ACCUMULATING
Goldman is accumulating blocks of Deere all week, maybe they know something about the new line of Deere tractors that will be controlled by cell and internet, 2nd gen tractors coming?
This was a $50 stock not too long ago, expect to see a short squeeze to double digits, will probably see much higher with earnings follow thru
Apache has another big discovery in Egypt, upping production estimates:
9:22AM Apache announces three new oil and gas discoveries in Egypt's Western Desert, extends production base across vast concession areas (APA) 76.02 : Co announced drilling success with three new discovery wells in Egypt's Western Desert. "Apache's discoveries, made in three separate basins, highlight the company's diverse potential for new oil and gas developments across its concessions. This exploration success extends the co's production base to the northeast at the North Ras Qattara Concession and to the southwest in the Siwa Concession," said Thomas M. Maher, Egypt Region vice president and general manager. "We operate in the most remote areas of the country, and have for 20 years. Our exploration and production activities continue without interruption. During the first quarter we maintained a very active drilling pace, operating on average 26 rotary rigs every day during the period."
FaCEBOOK UP BIG THIS MORNING, JUST HEARD A BLOOMBERG REPORT that "Search" will be big in Asia!
Doubtful, this confirms a very significant discovery, APC should be a winner, he ultra-deepwater foldbelts that extend from the deep basin of the Gulf of Mexico up
and under the Sigsbee salt sheet of the continental margin contain what the oil industry calls a
significant new play concept. Carbonate production might extend northward from the prolific
Campeche Basin of offshore Mexico and the Golden Lane near Tampico to the Mexican Ridges
BIDU is actually expanding into other services besides search, this is an opportunity to get cheap stock, announcements to follow! ACCUMULATING
I told all of you this is a poisened company since LF shut over a year ago, garbage management, and vermin stock price, terrible $2's coming!!!