It does not have to be a leader. That is GE in many industries. To ride the coat tails and be a small part is huge for the little company and market cap. A small piece of connectivity like CDMA or compatibility software did pretty good for QCOM. Or even Ramtron _ ram dram and the industry. That could happen if the technology gets imbedded on the right chips or with the software. Got any MSFt friends? Google, Ford or GE feet in the door?
GE power and energy is huge. I have a lot of money in the oil sector unfortunately. The nature of the business is changing in all aspects from exploration to delivery. The technology driven data is catching on. The sensors and monitoring has changed the business and reduced cost more then 30% with some players. New technologies from where to drill,horizontal drilling, drilling heads, close wells, monitoring pressure. Pumps, on/off pumps, maximized pipelines, logistics, chemicals, and data driven desitions. Information and timelines have made there ways in many industries. America has proven our technologies can compete around the world and oil, Detroit, and agriculture are proof. GE and energy to the turbines to the grid are leaders. This software could be a rock star. I remember years ago a piece on digital warfare and tiny sensors directing information for data based desitionsdesitions. I was in awe. I am ready to be impressed again with the demonstrations
14 funds bought stakes while 10 increased positions. They now own 4.32 million shares or 26.85% more from 3.40 million shares in 2015Q1.
--- I felt let down thinking I am only one of a few people that are going to profit from this game changing parabolic software that could change business and sensors as we know it. Can you tell me who you think the mystery customer that is a strong customer??? key customers such as Google, Coca-Cola, Ford and a new Global 100 customer. APPLE I guess ? or IBM? Sensors being every where in every industry leaves it wide open for speculation. I was going to add some but the run up started to soon.
- GE – General Electric’s ‘Predix’, a cloud purpose-built for industrial data and analytics. Needless to say, this could be a true ‘Game Changer’ for a small company like BSQR. The market is certainly starting to take note. The volume pattern in the weekly chart tells me all I need to know. - - offers total, end-to-end system design and program management. The company has delivered connected infotainment solutions for Ford Motor Company, Magnetti Marelli, Fiat, Chrysler, Hyundai and Qualcomm OmniTRACs For more than two decades, Bsquare has helped its customers extract business value from a broad array of physical assets by making them intelligent, connecting them, and using the data they generate to optimize business processes. Tischendorf Letter is a financial letter that stated- “ DataV™ – Actionable Data Solution for The Internet of Things
We have entered the era of the Internet of Things (IoT) and Big Data — when people and organizations can benefit from vast amounts of information from billions of things generating trillions of bits of data every day. But this data is being held hostage – trapped in countless disparate sensors, devices, machines and systems.” DataV collects your raw device data on the network edge, applies rules and logic to make the data meaningful and actionable and serves it up into your preferred cloud, application and user experiences.” - See more at .tischendorf.com/ -bsquare-iot-software-stock-bullish- -chart-pattern/#
Bsquare DataV software solutions can be deployed by a wide variety of enterprises to create business-focused Internet of Things (IoT) systems that more effectively monitor device data, automate processes, predict events and produce better business outcomes. Bsquare goes a step further by coupling its purpose-built DataV software with comprehensive analytic and engineering services that help organizations of all types make IoT a business reality. During Q4 SANTA CLARA, Calif., Oct. 27, 2015 /PRNewswire/ -- Bsquare's (BSQR) Director of Products, Dave McCarthy, will deliver a presentation from the main stage of the fourth annual Internet of Things Expo, addressing the audience of IoT and cloud executives, vendors, media and analysts on "The Business Case for IoT." Bsquare will also demonstrate how its business-oriented IoT platform, DataV™, adds intelligence and connectivity to remote corporate assets, and then utilizes the data generated to improve business outcomes such as uptime, asset utilization, warranty and maintenance cost reduction, and business and regulatory compliance .. GE – Mind and Machine- it will demonstrate Internet of Things (IoT) pilot use cases that seamlessly integrate GE's Predix platform with Bsquare DataV in order to extend Predix to resource constrained devices such as sensors. Minds+Machines is an annual event that has helped define the Industrial Internet, the critical infrastructure and industrial sector of IoT. The business outcomes driven by the demonstrated use cases include increased uptime, reduced support and maintenance costs, and increased business and regulatory compliance.
According to Bsquare CEO Jerry Chase, "We've been impressed with the thought leadership GE Digital has shown in the development of Predix. By integrating DataV and Predix we're able to apply advanced data analytics and predictive reasoning to a wide variety of critical corporate assets, many of which are constrained from a resource perspective." GE- DataV and Predix involve the use of sensor data to feed predictive algorithms calculating cooling capacity available for power-generating turbines. The sensor data includes river water level, temperature and flow, which is combined with air temperature, historical data, and weather forecasts. Predictive estimates are then made as to the future cooling capacity available for turbines so that they can be load adjusted to avoid overheating conditions. - Financials- We reported total revenue this quarter of $28.9 million, up 25% from $23.1 million in the second quarter of 2014 All per-share amounts discussed today are fully diluted numbers where applicable. BSQUARE achieved solid results during the second quarter with a $5.8 million increase in revenue, a $1.2 million increase in net income and a $1.3 million increase in adjusted EBITDAS while reducing OpEx by $234,000, all compared to the year-ago quarter.
We have added $5.3 million to our cash and investments balances since the June 30, 2014 balance sheet.
About GE Minds+Machines
GE's fourth annual Minds + Machines event will be held the week of September 28, 2015, at Fort Mason Center in San Francisco, California. The 2015 event will host 1,000+ customers, developers, thought leaders, partners, and media for focused sessions on the state of the Industrial Internet.
The middle east is nobody. They blew it. To high coal and to low coal made America strong in the long run with our technology. Now we don't need them. technology gains in Fracking and oil sands have made them scream and their countries in shambles. Improved process, control, monitoring , logistic, drilling and delivery all add to cost cut in half. Todays 60$ oil will be the same as yesterdays 100$ in profits.
These guys have big write offs every cycle. Just like WLL just had a big write off on oil going down and the reserves priced to high. This is why the street over and under values stocks during cycles. Its time to buy these raw material and good oil stocks - pennies on the dollar.
When oil goes up the underpriced oil will sky rocket the stock. long and adding
IT was priced right at the time. Now it is high as the reserves have lost value ___thus WRITE OFFS. tHIS IS A HUGE BUY AND THE STREET UNDERSTAND THE VALUE PRICED TO LOW HERE. - Whiting Chief Executive Jim Volker stressed in a press release that the company has enough cash and access to credit to weather the price storm and "focus on enhancing returns through cost control and technology improvements." The write downs and low oil prices led Whiting to post a third-quarter loss that still beat Wall Street's expectations, thanks in part to cost cuts. Wrote off almost 2.6 billion for taxes and changing oil cost , and the write down of its 2014 buyout of rival Kodiak Oil & Gas. Whiting effectively paid $23.77 per barrel for Kodiak's proven reserves of 167 million barrels of oil equivalent.
The company reported adjusted EPS at ($0.17), better than the consensus expectation of ($0.25) and Iberia's estimate of ($0.39). The EPS beat is likely to have been driven by marginally higher realizations, lower operating costs, and a lower tax rate, analyst Eli Kantor said. Production rose 38 percent to 160,590 barrels of oil equivalent per day (boe/d) even as the average price Whiting received for its oil fell 49 percent. Biggest North Dakota Bakken area and the reserves will should be worth more in the future . As oil returns to a normal level these assets will appreciate and send the stock higher.
**** HOUSTON, July 20, 2015 /PRNewswire/ -- VAALCO Energy, Inc. (NYSE: EGY) today announced that the Southeast Etame 2-H well, the first development well drilled in the Southeast Etame Field, was brought online at the rate of approximately 3,400 barrels of oil per day (approximately 850 barrels per day net to VAALCO). Steve Guidry, VAALCO's Chairman and CEO commented, "We are very pleased with the results of this first well to the new Southeast Etame field that we discovered in 2010 which have exceeded our expectations. VAALCO production in the Etame Marin permit area but the first production from this new, previously- unproduced field.
Sept 2015 -This industry milestone is particularly exciting as it is the first production from the North Tchibala field and the producing interval in this well is one of several within the Dentale formation known to be oil-bearing. The North Tchibala 1-H well was initially brought on production utilizing an electrical submersible pump (ESP), but was subsequently allowed to produce naturally. The well is not producing any formation water or hydrogen sulfide (H2S) and has a strong flowing tubing pressure in excess of 1,000 PSI. VAALCO plans to continue to produce the well without artificial lift while monitoring surface and downhole pressures.
Second Quarter and Recent Highlights: balance sheet remains extremely strong and provides the Company flexibility to invest in energy opportunities we believe will deliver shareholder value.
• Reported second quarter 2015 GAAP net loss of $5.2 million, or $0.09 loss per diluted share; Adjusted Net Income was $0.6 million, or $0.01 per diluted share and Adjusted EBITDAX was $16.3 million, which excludes the impact of a $5.8 million non-cash impairment charge.
• Announced share repurchase program of up to 5.8 million shares of the Company's common stock. As shares look cheap.
52-Week Change3: -74.25%
% Held by Insiders1: 16.99%
% Held by Institutions1: 57.60%
Total Cash (mrq): 61.05M
Total Cash Per Share (mrq): 1.05
Book Value Per Share (mrq): 2.39
• Grew total Gabon production in the second quarter of 2015 to 1,654,000 barrels of crude oil (Bbls) gross (464,000 net to VAALCO's working interest (NWI)), up 7% from the first quarter of 2015 due to successful development drilling in the Etame field.
• Successfully drilled and completed the Southeast Etame 2-H development well that was brought online in July on the new Southeast Etame/North Tchibala (SEENT) platform at a rate of 3,400 gross barrels of oil per day (BOPD) (950 BOPD NWI).
• Achieved peak production rate of greater than 21,000 BOPD gross (5,900 NWI) from the Etame Marin area, the highest production rate since March 2012.
• Mobilized the rig to begin drilling the North Tchibala 1-H well from the SEENT platform, the first development well in the North Tchibala field.
• Reduced production expense per barrel of oil equivalent (BOE) 27% to $19.07 in the second quarter of 2015 from $26.07 per BOE in the first quarter of 2015 due to lower costs and higher production.
• Announced borrowing base under IFC credit facility was re-affirmed at full $65 million.
They are hedged and guaranteed- Anadarko Petroleum APC , Pioneer Natural PXD Marathon Oil MRO were the three biggest hedgers in Q2. According Wayne Duggan , Benzinga . The three companies added a combined 21.2 million barrels of hedges in the quarter. MRO has 11.2 million barrels hedged.
Shorts are burning!!! ednesday, Oct 27 2015- shares hit $7.69, a decline of 43 percent in the last 12 months. Barrick, like rival Newmont Mining Corp, gave an improved cost outlook for the year. The miner is targeting $2 billion in reduced spending by the end of 2016, which it has said would come from reduced operating expenses, capital spending and corporate overhead. Analysts expect miners in general this quarter to report improved costs over the second quarter due in part to a weaker Canadian dollar and lower oil prices.
--DEBT-REDUCTION UPDATE: Barrick is aiming to cut its debt load by $3 billion by the end of this year, a target RBC Capital Markets expects the company will exceed. As of the end of the second quarter, it had already reached 90% of its goal through asset sales, joint ventures and streaming deals.
It also expects to announce the outcome of the sale of a package of six U.S. gold assets in the fourth quarter.
Barrick said it now expected lower all-in sustaining costs of between $830 and $870 per ounce this year. Gold, currently around $1,160 an ounce, is off about 40% from its record high four years ago. ABX is the world’s largest gold producer by output—one of the first out of the gate. It beat expectations. Barrick agreed in July to sell 50 percent of its Zaldivar mine to copper miner Antofagasta Plc for $1 billion in cash. Barrick said it plans to use about $1 billion of the proceeds from the Zaldívar sale, which is expected to close in the fourth quarter, to reduce debt. This would bring total debt repayments this year to about $2.9 billion. It will use free cash flow to reach its target of $3 billion for the year.
Barrick, which has mines in the Americas, Australia and Africa, said it produced 1.663 million ounces of gold in the third quarter, slightly up from 1.649 million ounces in the comparable quarter in 2013.
Weichai Westport Inc. alone has the potential to take Westport to the next level, by fast tracking its exposure in China. . There is also its 50% interest in Cummins-Westport; then there are also its OEM agreements with the likes of Ford, Volvo and Indian car manufacturer Tata. Take a look at other plays that could (wake up) all of a sudden. RAW materials, or even WPRT that provide natural gas engines. - WPRT is in joint ventures with Cummins and Weichai . The demand is not even seen tell developed and fruition. The demand in energy production could rock the many industries and lower of every good we sell in America. The world always looks at DEMAND as present need and a past comparison. True investors have to see the future. HUGE engines that run of gas (practically free for producers) power fracking pumps that have new technologies throughout the chain . Russia’s state-controlled gas giant Gazprom [Thursday] signed a preliminary market development agreement to expand the use of natural gas vehicles in Russia .
They are trying to right the ship. The big question is oil going up? they can through numbers around like LOE around 20 (( lowest cost to maintain operation) and cost of debt but it is oil that has to go up . It needs support and EXXI has repurchased some of its unsecured notes in the market, and as of September 25, 2015, the company had retired over $425 million in face value of bonds. We still have $679 million of total liquidity remaining as of September 25, 2015 . Noting that $556 million of that is in cash. T Company has been able to accomplish some significant milestones, all of which were accomplished prior to the promised date of fiscal year-end June 30. We successfully monetized the Grand Isle Gathering System and realized $245 million from that transaction. We sold the East Bay Field, which reduced our P&A liability with [BOEM] by $175 million plus. Lowering cost per barrel- - We began this fiscal year by acquiring producing properties in the Gulf that replaced our East Bay oil barrels with lower cost per barrel production. Additionally, we made great progress in reducing our cost structure, lowering LOE on a per barrel basis by 30% and lowering G&A by 36%. Some bright spots like success we had out South Pass 78, taking production from around 2100 barrels equivalent per day in January to over 4500 barrels a day. PRODUCTION - We are producing around 58,800 barrels of oil equivalent per day, in line with our previous quarter of 59,300 barrels per day and more importantly our oil production numbers stayed very strong Ownership =
State Street Corporation 8,214,780 8.75 21,604,871 Jun 30, 2015
Mount Kellett Capital Management LP 5,923,158 6.31 15,577,905 Jun 30, 2015
Vanguard Group, Inc. (The) 5,913,186 6.30 15,551,679 Jun 30, 2015
Dimensional Fund Advisors LP 3,328,847 3.55 8,754,867 Jun 30, 2015
Huber Capital Management, LLC 2,902,914 3.09 7,634,663 Jun 30, 2015
BlackRock Fund Advisors 2,566,495 2.73 6,749,881
The rig count is down drastically and reported at 59% Don't let that confuse you!!!! The industry is still pumping from the low cost wells. The high cost wells are idle. SN is strategically based. The un educated trolls are wrong. In the Eagle Ford shale of South Texas, the volume of oil produced from new wells for every operational rig, has risen by 42 per cent over the past year, from 556 barrels per rig per day to 792, EIA reported.