Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
The dow is down 300+ today and we're basically unaffected, and you would begrudge some folks pointing out that little silver lining after all the crap we've endured? Had a rough day?
Ask yourself this question . . .
Where should you invest when the overall market is tanking? What part of the economy will be insulated from a recession?
If you are here, you already know the answer.
Other folks are pondering this question this very moment. And some of them will eventually figure out that small cap oil service companies are a good long term play.
DPDW . . . the ultimate hedge.
Oil would have to drop about $30 for this sector to worry.
Here's another newsflash to all you flippers out there:
DPDW will not cotton to anyone's wishes but their own. Get over it. Or get the hell out. BTW, this is a great stock to flip. "But what's puzzling you is the nature of the MM's game. whooo whooo." This company is comparatively a closely held one, with insiders holding a very big stake. If that worries you, instead of comforts you, you are in the wrong place. Go find a bullcrap pump and dump to flip on fluffy pr's. If you're going to stay here, don't worry, you'll be back to making your nickels and dimes soon enough, especially if you were smart enough to buy while we're down here. Just remember that the MMs know what you're trying to do too, and don't be shocked when they try to screw you. The only thing that will surely beat them is to hold. If you are unable to do that because of your flipping nature, prepare to whine some more.
A nice PR right about now would be nice. A nice forward looking one about something they've already done.
Yes, I agree. And yet invariably (here at least) a PR is news about something the company has already done. They're just letting us know about it. I'm a bull, man. Give me some PRs so the rest of the world can run with me!
yes . . . and no. With or without the PRs, the books will eventually bear out the fact that $2 was fair then, and probably a bargain now. How often have I heard 100% yoy (and btw I think so too). Well, where should that put the PPS? Had they not gone silent for 3 months, I prefer to believe we'd still be at $2 or higher. After all, that's what all the much anticipated PRs are going to bear out. Better yet, that's what I expect the books to bear out. But more PRs mean less zigzagging (and grief) up and down the chart on our way there. Perception is reality. And the reality is, pennyland jungle can't wait 3 months for the books to show what we should soon be seeing in the PRs.
PR's here in pennyland. When you think about it, it's almost funny. Almost.
Here at DPDW, where PR's are never fluff, a PR is nothing more than an announcement telling the market about something that has already ocurred. Generally, they are about some work that the company has already done or has contracted to do that will in fact show up on the books. Yet in our impatient jungle, no matter how many times they have proven themselves, people start getting nervous when we don't hear enough. Enough to what? Speculate. It's not enough to know that the company is working and growing. We have to speculate on how much, so we can buy or sell according to what we guess the (generally rearview) PRs might mean. That part of investing -- the flipping -- is the BS part when you think about it. Yet that's from where 90% of the whining stems. But as they say, perception is reality. It doesn't matter if you're a multi-million dollar company if you can't get people to buy your stock and send it higher . . . I guess. So bring on the PRs! yippee. I love to hear about our groundbreaking company as much as the next guy. But now I'm pretty confident they are booming whether they take the time out to tell us so. Since it means so much to the speculators, it has to mean that much to me: a speculator of the long view;)
tax sellers re-buying?
~~FPSO
looks big enough for them to dedicate some space for a mini military base if need be, or at least maybe an extra helipad with a dedicated apache copter;)
http://en.wikipedia.org/wiki/Image:Terra_Nova_FPSOmodule.jpg
also see this:
http://en.wikipedia.org/wiki/Image:FPSO_diagram.PNG
smells quite bullish to me, with hints of optimism, currants, and a slight aftertaste of tobacco . . . and champagne.
oh brikk, flattery will get you everywheya.;)
with EW likely first of the bunch to be involved, given the work they've already done on security issues in hazardous environments (thanks Sage).
whomever steals it has to refine it. i'm sure the threats are varied. terrorism in any form has to up there on the list. the terrorists i'm thinking of don't care how valuable it is. they don't value life itself.
at a bar, one big oil exec to another:
"boy, those were the good ol days . . . when we could load our 2M barrel barges without worrying about suicide attacks . . . now we gotta spend money on that too." ;)
surely Electrowave could be brought in to such a problem.
Like if mako sends a compressor to Mexico, or better yet to Brazil or the North Sea, bam, we're international. Of course, it would be better if we're sending to those places better things, like Mako LARS ROVs and the attached control room and 3 pilots.
ever wonder what security issues revolve around a given FPSO floating offshore somewhere holding oh, say bout 2M barrels of oil at any given time? interesting. in the GOM, i would hope all FPSO's have a military/coast guard presence along with routine fighter jet sorties. If they're left to defend themselves, I hope FPSO's are outfitted with some big guns and some private security contractors to shoot em. A kamikaze terrorist attack on one of those big oil barges out there like a sitting duck would be, how shall I say . . .quite disruptive to the market.
i agree. and if Mako had one of those it could be another revenue stream for them -- companies could come and lease testing time in the tanks. i could be wrong, but it sounds to me that those are big pieces of capital and are proprietary in nature, and therefore are probably at a Perry facility. i'd love to be wrong about that though!
but before i get too far ahead of myself, let me say this: that pressure tank in the top photo of your link is of a size that could easily be at Mako. and Mako does have at least 2 covered warehouses like the one in which that tank is shown in the photo, and i haven't been in either of them. as for the pool in the bottom photo, i'm more sure that's not at Mako than i am regarding the pressure unit.
sorry Sage, i meant to reply to you on that earlier. no, that mother of a tank is not at Mako, at least to my knowledge. remember, Mako is not a manufacturer, at least not on that scale, to my knowledge.
and the tornados can probably be used on any ROVs.
No, Oceanworks made the tool and Mako bought 2 of them. Sonsub then leased one from Mako for a project. That's how I read it.
and what's even more bullish is Mako is providing the tool TO sonsub!!!!
Did you notice "Sonsub" in the bottom photo? Sonsub, maker of the tornado torque in the Mako PR I posted earlier.
Yes they do. If the equipment is not rented directly to law enforcement, it is rented to a contractor doing the work for law enforcement.
awesome technology. awesome investment.
Tornado torque tool, what is it? Here's another Mako PR that explains:
Mako Technologies Inc. of Morgan City recently accepted delivery of two (2) "Tornado" ROV sub-sea torque tools from Oceanworks International of Houston. The "Tornado" tools have been designed with several unique features that sets them apart from the variety of the other tools currently in the market.
In addition to being 40 lbs. lighter than the nearest competitor in overall weight, this tool also contains a power saving, light activated photo cell which activates the tool's on/off feature when being used at depth for extended periods of time to conserve battery life.
A large 1½-inch L.E.D. rotation counter display (± 18 degrees) enables the ROV operator un-parralled visibility and precision.
Spring loaded end-effectators for classes 1 through 4 eliminates problematic valve stem fitting at depth and makes for easier operation for the operators of the ROV system and can be changed on deck without removing the hydraulic motor or disassembly of any oil-filled parts. The clamping latches are fail-safe which permit the removal of the tool from the valve receptacle should hydraulic power be lost on the ROV.
The "Tornado" tool is rated for 10,000 feet depth with 2000 lbs. of torque and is built to A.P.I.17D & H standards and comes with a on-deck and sub-sea calibration "bucket" to insure torque settings both above and below water.
Delivery of a state of the art F.L.O.T. (flying lead orientation tool) easily adaptable to any other torque tool in the market is scheduled for January 2003.
Mako Technologies Inc's. goal to be an independent sub-sea intervention-tooling provider was formed to serve our current and future customers in the sub-sea industry.
The addition of these tools to our rental fleet is a step forward in expanding our product line for the sub-sea market.
~~PR from Mako
undated from Mako's website. . .for a taste of things they do.
Mako Technologies Inc. of Morgan City, La. recently provided Sonsub of Houston, Tx. with its "Tornado" torque tool for a filter pod change out on the Canyon Express Project in the Gulf of Mexico. Aboard the M/V HOS Innovator at Mississippi Canyon 305, the "Tornado" tool successfully performed all assigned tasks for Sonsub. Operating at depths between 2000' to 7100' feet, the project demonstrated the ease of operation and
performance of the new tool. The "Tornado" torque tool, designed by Oceanworks International of Houston is part of the growing fleet of ROV tools and equipment being offered by Mako Technologies through their independent ROV Tooling Rental Division. "It is the company's goal to provide reliable, cost effective ROV tooling equipment industry wide on an "as needed rental basis." stated Jacob Marcell, President of Mako.
"We're building our business one customer at a time with superior equipment, but most of all, through first class service and support with long-standing relationships."
great stuff sage.
thanks doog. the main thing is that overall, whatever hiccups we've had are now so in our rearview mirror, and we still managed to hang around a buck (the magic number in pennyland) in spite of it all;) and it's so good to now have mako's benefits, among all the others, spread out in front of us for a great start to 08.
great post. really nice to hear stuff like that. good luck to you, sir.
And my even bigger point is that no one on this board or in the market should piss and moan if they don't see the kind of Mako juice they thought they would for Q4. If it's not there, it will simply be in Q1 of 08.
brikk, not trying to get into a pissing match here at all, but it actually may be even more correct to say the official closing date is 1/9/08 on an acquisition that has an effective date of 12/18/07? I'm not privvy to that kind of public accounting rah rah, which is why I stated "most if not all." If it closed or is effective 12/18/07, that's what, 2 weeks worth of Mako on DDI's books for 07? Unless they can get even more retro. Either way is fine with me. My point remains. Mako was completed so late it's basically a great way to begin 08, no matter how you slice it. Doing 2 acquisitions last year does have a nice ring to it. But so does already having basically one in the bag for 08!
We've already had one acquisition in 08 -- Mako, imo. According to the 8K filing, the deal was closed on 1/9/08. Although Mako took up alot of our discussions for the last half of 07, I'd just as soon as look at it as starting 08 with a bang. Granted, Mako anticipation probably accounted for somewhere around a .30 rise in PPS for 07. But, due to the closing date, it's likely that most if not all of Mako will hit our books in Q1 of 08. If that's the case, better to know it now instead of giving people an unreasonable excuse to be disappointed in 07 Q4. Which conversely would mean it should make for a really nice Q1 in 08 (like I said, starting 08 with a bang). So, in addition to the 4000M LARS, and the HDUs, I'm including Mako in our great beginning to 08. What a start!
compared to the rest of the market the past few weeks, i'd say this stock is holding up extremely well.
thanks for the work, joe
thanks for that;)
trix and macd lined up on top of one another
you've got to be joking. if you have money in already, i wouldn't take it out now. if you don't, yeah, i'd put it in. as for bombing again, at this pps that's not a big risk imo. i think you could flip out of it going forward to get your money. as for getting back in after your profit . . .??? as a long, i believe you could. maybe not profiting as much as you would if you simply held, but yeah, you could do it. all the other bulls here should tell you the same thing. if not, they aren't really bulls. i've got money in here that i could take out now at a profit, and i've got some that would be a loss. i aint selling on the highs yet, and i don't give a f*** what the flippers say.