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Because of the triangle of FTK, I have been adding during this past week. If this triangle acts like others similar to it, it should at least go to the highest point or even higher. Only time will tell. JMO
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$FTK | #Flotek Industries, Inc Bullish Targets
Speculative so need to be nimble
Bullish break above 200ma
Indicators bullish
Channel in play.
Company Profile
Flotek Industries, Inc. is a technology-driven company. It develops and supplies chemistry and services to the oil and gas industries, and companies that make cleaning products, cosmetics, food and beverages, and other products that are sold in consumer and industrial markets. The company operates through the following segment: Energy Chemistry Technologies. The Energy Chemistry Technologies segment designs, develops, manufactures, packages, and markets chemistries for use in oil and gas well drilling, cementing, completion, and stimulation activities designed to maximize recovery in both new and mature fields. Its products include Stimulation Chemistry, Cementing Chemistry, Improved Oil Recovery (IOR), Drilling Fluid Additives and Coil Tubing Chemistry. The firm offers services, including Reservoir Characterization, Polymer Conformance and Logistics Management. Flotek Industries was founded on May 17, 1985 and is headquartered in Houston, TX .
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Flotek Industries Inc., is a diversified global supplier of drilling-and production-related products and services to the energy and mining industries. Flotek is headquartered in Houston, Texas and its common shares are traded on the New York Stock Exchange market under the stock ticker symbol, “FTK.” FLOTEK was originally incorporated under the laws of the Province of British Columbia on May 17, 1985. On October 23, 2001, we approved a change in our corporate domicile to the state of Delaware and a reverse stock split of 120 to 1. On October 31, 2001, we completed a reverse merger with CESI Chemical, Inc. (“CESI”). Since that date, we have entered into the following acquisitions that were outside the ordinary course of our business:
Our specialty chemicals division provides chemical technology solutions to maximize recovery from both new and mature fields. Our development of specialty chemicals with enhanced performance characteristics to withstand a wide range of downhole pressures, temperatures and other well-specific conditions is key to the success of this division. We utilize a technical service laboratory, to focus on design, development and testing of new chemical formulations and enhancement of existing products, often in cooperation with our customers.
We manufacture, sell, rent and inspect specialized equipment for use in drilling, completion, production and workover activities throughout the United States and in select international markets. Our rental tools include stabilizers, drill collars, reamers, wipers, jars, mud-motors, wireless drift indicators, and measurement while drilling tools, while equipment sold includescentralizers and drill bits. We focus our product marketing efforts primarily in the Gulf of Mexico, Mid-Continental and Rocky Mountain regions of the United States, with international sales currently conducted through third party agents.
Our products address the needs of coal bed methane and traditional oil and gas production to efficiently move gas, oil and other fluids from the producing horizon to the surface.
The patented gas separator is particularly applicable for coal bed methane production as it efficiently separates gas and water downhole, ensuring solution gas is not lost in water production.
If you drill, produce, or transport, Flotek Industries has high quality products at great values to help you succeed. Check out our complete product lines in these catalogs:
If you don't see what you need, contact our SALES STAFF about customized solutions for your specific requirements.
Thank you for taking the time to visit our site. We want to do everything possible to make your experience a beneficial and productive one. Everyone at FLOTEK is devoted to making our products and service a valuable component of your business success. If there is anything you may need, please feel free to contact us.
2930 W. Sam Houston Pkwy. N.
Suite 300
Houston, TX 77043
email us
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