Making $$ in the Market
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.
Commerce Planet - 8-K details.
On March 7, 2008, Commerce Planet, Inc. (the “Company”) received a Notice of Civil Investigative Demand (the “Notice”) from the United States Federal Trade Commission (the “FTC”) for the production of documentation and a request for responses to written interrogatories. The Notice relates to a demand for information being conducted by the FTC to determine whether the Company may have been engaged since 2004 in the improper use of e-mails, metatags, computer code or programs, or unfair trade practices involving Internet-related goods or services in potential violation of Sections 5 or 12 of the Federal Trade Commission Act, as amended.
The Company does not believe that its prior activities violated the Federal Trade Commissions Act, and believes that similar notices were sent by the FTC to other providers of online marketing and e-commerce services. The Company intends to fully cooperate with the Notice and the FTC’s investigation.
Commerce Planet's Iventa at the South by Southwest Interactive Trade Show
Iventa, a Commerce Planet Company (OTCBB:CPNE) and a global leader in web-enabled e-commerce management software, announced today that the Company is showcasing Iventa’s highly-anticipated Web 2.0 Dashboard System™ at the industry trade show South by Southwest (“SXSW”), being held March 7-16th, in Austin, Texas.
The SXSW event comprises festivals and conferences focused heavily on the entertainment and interactive industries, targeting Web technology innovators from across the globe. As a platinum sponsor of the event, Iventa’s Web 2.0 Dashboard System™ featured prominently at the festival allowing Iventa’s sales and marketing team to showcase the world-class software solutions to key constituents in the music, interactive and film industries.
“Our active participation at SXSW provides a great forum to educate and interact with the thousands of attendees from around the globe that come to learn about new advances in tools, technologies and systems,” stated Tony Roth, Chief Executive Officer of Commerce Planet. “Iventa is at the forefront of SaaS e-commerce tools and is designed to empower our customers, from small business merchants to enterprise clients, with the tools to efficiently and effectively manage their e-commerce business. The Web 2.0 Dashboard System™ is particularly well suited to the entertainment and music industry, providing artists with a premier fan management system to build a fan base through paid membership subscriptions and message boards.”
About Iventa
Iventa is the global leader in web-enabled business management software. Iventa's core platform, the Dashboard System™, provides world-class software solutions ranging from out-of-the-box small business e-commerce website templates to full-scale enterprise e-commerce, subscription, content management, email, marketing, CRM and loyalty systems. The Dashboard System™ can be fully managed or custom integrated into almost any infrastructure via a robust web service platform. With the Dashboard System™, non-technical users have full control over their business functions without ever learning a single line of code or writing HTML. Enterprise clients and businesses, who maintain technical staff, have the flexibility to completely customize the implementation of the Dashboard System's™ broad range of web service enabled applications. The Dashboard System™ is available for single-use licensing or private-label/co-brand distribution via VAR's and agent channels. (US: (888) 8-IVENTA; International: (310) 640-0330; Web: www.iventa.com)
About Commerce Planet, Inc.
Commerce Planet, Inc. is a technology driven online media, marketing, and fully integrated e-commerce company that offers media products, lead generation services, list database management, e-commerce solutions, web marketing, call center support and CRM tools to its client partners as well as through its own direct selling businesses. Commerce Planet offers turn-key business solutions through its network of online marketing & media division, membership sales companies, customer care and call center facility, and it’s newly acquired E-Commerce Dashboard™ System by Iventa. In combination these services address the needs of small – medium size businesses, B2B and B2C marketing programs, and custom solutions for enterprise clients worldwide. For more about Commerce Planet (OTCBB:CPNE), visit our website at http://www.commerceplanet.com.
Nice find HJH!
I anticipate that we will see a positive move with the PPS given this information!
I am pleased to be onboard!
Investor 100
Nice Work Bud Fox!
Thanks for breaking the numbers down as this proves we have a special opportunity with Deep Down Inc.
Management is clearly demonstrating terrific leadership, product innovation as it expands on a global scale.
For those that say "Show me the Money " this is your chart to view!
Cheers!
investor 100
Thanks For the Recap Joe!
Your weekly recap is a terrific summary of the weeks activity and much appreciated!
There are many positive developments going on at Deep Down Inc and looking forward to more developments in the coming weeks, months and years ahead.
Cheers.
Investor 100
Thanks for the steady hand Sulphur!
Having you back as the designated camera "guru" (LOL) it is great to see all of the activity!
Not many companies I know of allow shareholders to have access to their work through camera shots - just another feather in management's hat!
Cheers.
Investor 100
VIENNA (Reuters) - OPEC ministers agreed to hold output steady and said oil prices which hit an all-time high on Wednesday were driven by factors beyond their control.
U.S. crude struck a record of $104.64 a barrel.
The world's biggest fuel burner, the United States, had said even a token supply increase from the Organization of the Petroleum Exporting Countries would help to tame prices and limit any damage to a fragile world economy.
U.S. President George W. Bush was disappointed with Wednesday's OPEC decision, a White House spokeswoman said.
But OPEC ministers argued the oil market was pushed higher by a weak dollar, speculation and political strife, and not by a lack of crude.
Washington said Tuesday a modest OPEC output increase of 300,000 bpd to 500,000 bpd could calm prices and help to limit any economic damage.
"I think it's a mistake to have your biggest customer's economy to slow down ... as a result of high energy prices," Bush said.
U.S. TO BLAME
OPEC President Chakib Khelil said the United States, not OPEC, was to blame for high prices.
The U.S. slowdown had lowered the value of the dollar, he said, and encouraged speculative flows into oil and other dollar-denominated commodities.
"What's happening in the oil market is due to the mismanagement of the U.S. economy, which is probably affecting the rest of the world," Khelil told a news conference.
Khelil, who was among ministers who had backed a cut in output, said a U.S.-led economic slowdown would lead to lower oil demand in the second quarter and for the rest of the year, causing oil stocks to build.
The latest U.S. government data released Wednesday showed gasoline stocks had reached a 14-year high, partly in response to slower demand, although overall crude inventories had fallen.
The dip in crude stocks, as well as a dispute that has pitted OPEC members Ecuador and Venezuela against Colombia, helped to trigger Wednesday's oil market surge.
"Yes, the production will not be changed," Iraqi Oil Minister Hussain al-Shahristani told reporters as he emerged from Wednesday's meeting.
Nigerian Minister of State for Oil Odein Ajumogobia said oil above $100 was uncomfortable and above $80 a barrel was high.
"The OPEC official position has been anything above $80 is on the high side," he said.
OPEC's next scheduled meeting will be on September 9.
But the 13-member group, which pumps more than a third of the world's oil, has said it would monitor closely the supply-demand balance.
It could use producer-consumer talks next month in Rome to review the situation.
In any case, Wednesday's no-change decision allows for quiet shifts in OPEC production.
Top exporter Saudi Arabia has consistently pledged to keep the market well-supplied with oil.
Saudi Arabian Oil Minister Ali al-Naimi said the kingdom had
been pumping 9.2 million barrels per day (bpd) "day in, day out," which is roughly 300,000 bpd above its formal OPEC output target.
(additional reporting by Randy Fabi, Simon Webb, Alex Lawler and Summer Said, Writing by Barbara Lewis, editing by Matthew Lewis)
Solid Day at DPDW!
Investor 100
Brikk-
Good afternoon.
Your post #54997 is one of the best posts that has contributed to the most recent bull run and should continue to propel us forward!
I agree that management is not here for $1.50 or $2.50 but how about double digits which is a real possibility given the facts (i.e. contacts, recent acquisitions, oil sector, global player, uplisting , etc. ).
I am in here for the long haul myself well beyond $2.50+.
Thanks for the great DD with your conversation with management!
Cheers
Investor 100
Thanks Joe!
Strong summary recap for a company whose future is very bright!
Thanks for the weekly summary that is a excellent reminder on how things have developed during the week.
Many contributors with solid DD do a great job for those whose time is limited.
Kudos to all.
Cheers
Investor 100
Global Deepwater expenditure to exceed $108 billion through 2012
Further West, the Amerada fields (formerly operated by Apache) have a 25-year lease and sales agreement that will allow the development of the Abu Sir, El Max, El King, and Al Bahig discoveries to go ahead.
The Latin America region is dominated by Brazil in terms of deepwater activity. National operator Petrobras has established itself as a pioneer in the use of innovative technology to achieve production from water depths in excess of 1,800 m (5,905 ft). The operator is continuing with its development of the Roncador, Marlim Leste, Marlim Sul, Jubarte, and Albacora Leste fields, while pursuing newer finds such as Golfinho. Overall, the region is expected to account for nearly 20% of deepwater development capex over the 2008-2012 period.
With a few notable exceptions, deepwater fields in the US Gulf of Mexico tend to be smaller than those in other deepwater “hotspots” such as Brazil and West Africa, for example. The region’s extensive offshore infrastructure, in the form of production platforms and export pipeline networks, and the relative proximity of supply and service centers have a significant influence on E&P activity, turning otherwise marginal prospects into viable commercial propositions. These factors also mean that project lead times tend to be shorter than in other regions.
In addition, the use of subsea tiebacks to floating production systems has resulted in “hub and spoke” developments, allowing production from several small (otherwise uneconomic) fields to go ahead, produced via a single floating production system. An example is the Atwater Valley Producers’ Independence Hub, a semisubmersible unit that recently started operating from the Atlas field. Additional production is set to begin from a number of other fields in the DeSoto Canyon and Lloyd Ridge areas, including Spiderman, Jubilee, Merganser, Vortex, San Jacinto, and Atlas NW. Petrobras is also set to operate an FPSO to receive production from the Cascade and Chinook fields.
North America is expected to account for over 25% of deepwater development Capex over the 2008-2012 period.
Asian prospects are centered around Indonesia, Malaysia, and India and include Chevron’s Gendalo and Gehem/Ranggas developments offshore Indonesia and Murphy’s Kikeh and Shell’s Gumusut off Malaysia.
The “Golden Triangle” of deepwater (Africa, Gulf of Mexico, and Brazilian) will still account for 84% of global deepwater expenditure over the forecast period, but the rapid emergence of Asia as a significant deepwater region should not be overlooked.
Indonesia, Malaysia, and India all have development prospects on screen for the 2008-2012 period, and the region should account for 10% of deepwater capex during this time.
After the drilling and completion of subsea wells, an activity that is becoming increasingly expensive in areas such as the US GoM, it is pipelines and platforms that form most of the remaining spend for deepwater developments. Advances in technology, particularly in mooring systems and innovative hull designs, are allowing production from greater water depths to be viable both technically and economically.
Over the next five years, $28 billion is likely to be spent on deepwater floating production systems, $38 billion on drilling and completing subsea wells, and $32 billion on flowlines and control lines, while subsea hardware and surface completed wells could account for a further $10.5 billion.
The deepwater “shopping list” for the forecast period includes over 1,270 subsea trees, 300 templates and manifolds, 68 platforms, and nearly 13,000 km (8,078 mi) of pipelines. Annual expenditure in the deepwater business is expected to reach $24.6 billion by 2012, with the overall spend for the 2008-2012 period totaling $108.5 billion.
Drilling supported by deepwater activity
Without exception, deepwater development drilling spend is increasing rapidly in all regions where deepwater oil and/or gas fields have been discovered, especially offshore West Africa. Deepwater development drilling spending is also forecast to begin in other regions, including Asia and Mexico.
Results from the World Offshore Drilling Report estimate that over the last five years $164 billion was spent on shallow-water drilling, representing 80% of all drilling expenditure. Meanwhile, $41 billion was spent on deepwater drilling. Over the next five years, it is forecast that $221 billion will be spent on shallow-water drilling, representing 72% of all offshore drilling expenditure. It is estimated that $85 billion will be spent on deepwater drilling.
The increase in deepwater spending relative to spending in shallow water is substantial. While shallow waters are seeing increased expenditure because of rising prices and rising unit well costs, deepwater expenditures reflect a real increase in global activity of global importance to rig contractors and associated drilling services.
From a mere 2% of global expenditure in 1991, almost all in Brazil, the deepwater share had increased to 17% by 2002 and is forecast to reach nearly 30% by 2011.
Within the deepwater sector, 28% of expenditure is directed toward engineering services, down from 42% in shallow waters. Just under a quarter is once again earmarked for support, but rig spends have gone up to 47% due to the increased use of expensive equipment. Only 4% goes toward geoscience.
The large jumps in deepwater spending throughout the period in all categories are due to big increases in drilling levels in the deepwater sector as well as inflationary pressures.
Adrian John has conducted market analysis in the oil and gas sector as part of commissioned research, commercial due-diligence, and published market studies. He has worked on projects focusing on the downstream sector and is the lead author of the World LNG & GTL Forecast. John has a background in engineering and construction and holds an engineering degree from the University of Cambridge.
Georgie MacFarlan is publications manager for Douglas-Westwood and contributes to DWL publications. She has worked on a number of the firm’s studies for oil majors, government departments, and investment banks.
Dr. Michael R. Smith has spent over 20 years in the oil and gas industry. He has worked for several consultancies and oil companies as a geoscientist and as exploration manager with responsibilities for ventures in the many countries. Smith is chief executive of Energyfiles where he has developed a data and forecasting service available at www.energyfiles.com.
Oil touches $103 a barrel!
Crude futures retreat from the new record as the dollar strengthens and Turkish forces pull out of northern Iraq.
NEW YORK (AP) -- Oil futures retreated from a new overnight record above $103 as the dollar gained strength and Turkish forces withdrew from northern Iraq.
The slumping dollar and tension in the oil-rich Middle East have been among the factors in crude's dramatic 19% rise from earlier this month.
Still, many analysts believe the declines may be temporary and that oil is poised to rise above $103.76 a barrel. That's the price many believe to be oil's all-time high, on an inflation-adjusted basis, set in early 1980 during the Iranian hostage crisis.
Gasoline and diesel prices, meanwhile, continued to soar.
Gas prices rose 0.3 cent overnight to a national average of $3.164 a gallon, creeping closer to last May's record of $3.227 a gallon, according to AAA and the Oil Price Information Service. Diesel prices jumped 1.5 cents to a new record national average of $3.642 a gallon.
While most Americans fuel their cars with gasoline, most of the products they buy are transported by trucks, trains and ships that burn diesel. While gas prices are unlikely to rise as high as $4 a gallon, diesel may well pass that psychologically important level this spring, boosting prices of nectarines, computers, clothing and virtually every other consumer product, said Tom Kloza, publisher and chief oil analyst at the Oil Price Information Service in Wall, N.J.
Bush finds out about $4 gas forecasts
"It's everything that gets shipped," Kloza said of diesel fuel's impact on the economy. "That is the one that is much scarier."
Gas and diesel prices are following crude oil, which spiked to a new record of $103.05 overnight. In midday trading on the New York Mercantile Exchange, light, sweet crude for April delivery fell 72 cents to $101.87 a barrel.
Analysts cited profit-taking by investors who have bought into oil's recent runup for Friday's declines.
The dollar rose against the euro Friday, reversing one of the factors that has attracted huge flows of investment capital to the oil market. Crude futures offer a hedge against a falling dollar, and oil futures bought and sold in dollars are more attractive to foreign investors when the dollar is falling. That logic tends to reverse itself when the dollar strengthens.
Also giving investors reason to sell was Turkey's decision to withdraw its forces from northern Iraq, which they invaded earlier this week in search of Kurdish rebels. Turkish attacks on Kurds in northern Iraq -- and the concern that Kurds would retaliate by cutting off oil supplies -- have helped propel oil to new records in recent months.
Traders also continue to fret over OPEC, which meets next week to consider production levels. The prospect that the Organization of Petroleum Exporting Countries might cut production levels has helped fuel oil's recent rise. But with prices holding above $100, most analysts now expect OPEC to hold production steady.
Despite oil's modest retreat Friday, many analysts believe the investment flows that have pushed prices higher this year are not about to dry up.
"We've just got a huge, huge speculative drive going on here," said Jim Ritterbusch, president of Ritterbusch and Associates, an energy consultancy in Galena, Ill. "The fresh buying brings in new buying."
Many analysts believe the underlying fundamentals of oil supply and demand do not justify such high prices. Some predict speculative investing could push oil prices as high as $120, while others argue prices have formed a bubble, and could crash back to the $70 range.
Other energy futures also fell Friday. In other Nymex trading, March heating oil fell 1.54 cent to $2.8302 a gallon while March gasoline futures fell 0.15 cent to $2.4942 a gallon. April natural gas futures fell 6.5 cents to $9.378 per 1,000 cubic feet.
Thanks Sea-Note!
Welcome to Deep Down!
We have not had much in-depth discussion with EW even thou we all agree this will have positive impacts on Deep Down.
Your experience and in-depth report on this front is refreshing and well received!
I look forward to reading more news from your posts as we move forward in 2008-2009.
Cheers.
Investor 100
Oil Settles At Record Level $100!
NEW YORK (AP) -- Oil futures surged back above $100 a barrel Tuesday, settling at a record high, as traders focused on supply concerns and stock market bulls rather than signs that the U.S. economy remains shaky.
Light, sweet crude for April delivery jumped $1.65 to settle at $100.88 a barrel on the New York Mercantile Exchange. Monday prices closed at $99.23.
Last week, March oil rallied to a settlement record of $100.74 and a trading record of $101.32 before the contract expired.
Crossing the psychologically significant hurdle once again - oil prices last topped $100 last week - in itself may have helped fuel the rally by triggering computer programs set to buy at certain levels and enticing new speculators into the market, said Jim Ritterbusch, president of energy consultancy Ritterbusch and Associates in Galena, Ill.
"You see additional buying among people who think they're missing something," he said. "Any time you move above [$100 a barrel], you're going to ignite some fresh buying."
Investors who recently were selling on weak economic data seemed to take in stride news from the Conference Board, a business-backed research group, that its Consumer Confidence Index fell to 75 this month from a revised 87.3 in January.
The reading was the lowest since February 2003, and was far below what analysts had been expecting. It indicated that consumers might continue to curb their spending in the coming months.
Meanwhile, the Labor Department reported that wholesale inflation jumped by 1% in January, more than twice what analysts had been forecasting. That report, coupled with the consumer confidence index, pointed to an economy that is slowing even as prices are rising.
Investor 100
Thanks Alex86!
Your spreadsheet is terrific information and clears away much conversation on what is and what was , etc, should be put to rest given your time and effort!
Thanks to many that have added some great DD back to the board especially the visit summary to DDI operations!
I am pleased to be here!
Cheers,
Investor 100
Thanks for the facts on your visit!
Taking your summary into context with the facts of your tour and all the solid DD we have posted on this board the past year confirms some facts:
1)Experienced and motivated senior management team at DDI!
2)Employee's busy in the shop with high morale and teamwork!
3)DDI a global player not locked into The Gulf of Mexico alone!
4)Innovative products built in America and not China (not yet)!
5)Strong relationships with major oil companies!
6)Uplisitng to AMEX interest is positive news!
7)More acquisitions to come very positive!
Thanks agin for sharing your tour and I look forward to many strong and positive years ahead at DDI!
Cheers!
Investor 100
Welcome Back jdsgungho!
I look forward to reviewing your visit to DDI, any pictures, conversation with senior management and overall perspective!
Cheers.
Investor 100
Global Deepwater expenditure to exceed $108 billion through 2012
Offshore Magazine:
Further west, the Amerada fields (formerly operated by Apache) have a 25-year lease and sales agreement that will allow the development of the Abu Sir, El Max, El King, and Al Bahig discoveries to go ahead.
The Latin America region is dominated by Brazil in terms of deepwater activity. National operator Petrobras has established itself as a pioneer in the use of innovative technology to achieve production from water depths in excess of 1,800 m (5,905 ft). The operator is continuing with its development of the Roncador, Marlim Leste, Marlim Sul, Jubarte, and Albacora Leste fields, while pursuing newer finds such as Golfinho. Overall, the region is expected to account for nearly 20% of deepwater development capex over the 2008-2012 period.
With a few notable exceptions, deepwater fields in the US Gulf of Mexico tend to be smaller than those in other deepwater “hotspots” such as Brazil and West Africa, for example. The region’s extensive offshore infrastructure, in the form of production platforms and export pipeline networks, and the relative proximity of supply and service centers have a significant influence on E&P activity, turning otherwise marginal prospects into viable commercial propositions. These factors also mean that project lead times tend to be shorter than in other regions.
In addition, the use of subsea tiebacks to floating production systems has resulted in “hub and spoke” developments, allowing production from several small (otherwise uneconomic) fields to go ahead, produced via a single floating production system. An example is the Atwater Valley Producers’ Independence Hub, a semisubmersible unit that recently started operating from the Atlas field. Additional production is set to begin from a number of other fields in the DeSoto Canyon and Lloyd Ridge areas, including Spiderman, Jubilee, Merganser, Vortex, San Jacinto, and Atlas NW. Petrobras is also set to operate an FPSO to receive production from the Cascade and Chinook fields.
North America is expected to account for over 25% of deepwater development Capex over the 2008-2012 period.
Asian prospects are centered around Indonesia, Malaysia, and India and include Chevron’s Gendalo and Gehem/Ranggas developments offshore Indonesia and Murphy’s Kikeh and Shell’s Gumusut off Malaysia.
The “Golden Triangle” of deepwater (Africa, Gulf of Mexico, and Brazilian) will still account for 84% of global deepwater expenditure over the forecast period, but the rapid emergence of Asia as a significant deepwater region should not be overlooked.
Indonesia, Malaysia, and India all have development prospects on screen for the 2008-2012 period, and the region should account for 10% of deepwater capex during this time.
After the drilling and completion of subsea wells, an activity that is becoming increasingly expensive in areas such as the US GoM, it is pipelines and platforms that form most of the remaining spend for deepwater developments. Advances in technology, particularly in mooring systems and innovative hull designs, are allowing production from greater water depths to be viable both technically and economically.
Over the next five years, $28 billion is likely to be spent on deepwater floating production systems, $38 billion on drilling and completing subsea wells, and $32 billion on flowlines and control lines, while subsea hardware and surface completed wells could account for a further $10.5 billion.
The deepwater “shopping list” for the forecast period includes over 1,270 subsea trees, 300 templates and manifolds, 68 platforms, and nearly 13,000 km (8,078 mi) of pipelines. Annual expenditure in the deepwater business is expected to reach $24.6 billion by 2012, with the overall spend for the 2008-2012 period totaling $108.5 billion.
Drilling supported by deepwater activity
Without exception, deepwater development drilling spend is increasing rapidly in all regions where deepwater oil and/or gas fields have been discovered, especially offshore West Africa. Deepwater development drilling spending is also forecast to begin in other regions, including Asia and Mexico.
Results from the World Offshore Drilling Report estimate that over the last five years $164 billion was spent on shallow-water drilling, representing 80% of all drilling expenditure. Meanwhile, $41 billion was spent on deepwater drilling. Over the next five years, it is forecast that $221 billion will be spent on shallow-water drilling, representing 72% of all offshore drilling expenditure. It is estimated that $85 billion will be spent on deepwater drilling.
The increase in deepwater spending relative to spending in shallow water is substantial. While shallow waters are seeing increased expenditure because of rising prices and rising unit well costs, deepwater expenditures reflect a real increase in global activity of global importance to rig contractors and associated drilling services.
From a mere 2% of global expenditure in 1991, almost all in Brazil, the deepwater share had increased to 17% by 2002 and is forecast to reach nearly 30% by 2011.
Within the deepwater sector, 28% of expenditure is directed toward engineering services, down from 42% in shallow waters. Just under a quarter is once again earmarked for support, but rig spends have gone up to 47% due to the increased use of expensive equipment. Only 4% goes toward geoscience.
The large jumps in deepwater spending throughout the period in all categories are due to big increases in drilling levels in the deepwater sector as well as inflationary pressures.
Adrian John has conducted market analysis in the oil and gas sector as part of commissioned research, commercial due-diligence, and published market studies. He has worked on projects focusing on the downstream sector and is the lead author of the World LNG & GTL Forecast. John has a background in engineering and construction and holds an engineering degree from the University of Cambridge.
Georgie MacFarlan is publications manager for Douglas-Westwood and contributes to DWL publications. She has worked on a number of the firm’s studies for oil majors, government departments, and investment banks.
Dr. Michael R. Smith has spent over 20 years in the oil and gas industry. He has worked for several consultancies and oil companies as a geoscientist and as exploration manager with responsibilities for ventures in the many countries. Smith is chief executive of Energyfiles where he has developed a data and forecasting service available at www.energyfiles.com.
Thanks Joe!
That summary is a great addition as it saves me from having to re-read all the posts I missed the past two days!
DDI is looking like its old self with volume + lots of posters!
Cheers.
Investor 100
I like today's Press Release!
The business model at DDI continues to be positive growth despite the PPS which by the way gives me a chance to add at these low prices.
Nice to see the PR are always full of substances and no B.S!
I am buying !
Cheers.
Investor 100
Wrong accusations!
I have been on this board and invested in this stock since last summer having experienced many highs and recent lows.
This is by far the most informed board members from the moderator Brikk and staff to many members that have first hand experience in this business, to one that toured the facility and met the owners, and many others that have educated themselves on DDI.
Brikk and many others have discouraged those from pumping this stock with nothing more than some great DD on DDI.
Lets not start the blame game or pointing fingers at folks because the PPS has fallen to lows which by the way is a new opportunity if you are new to DDI.
Cheers,
Investor 100
Thanks Clay!
Enjoyed the video and information related to DDI!
Investor 100
Thanks Brikk!
More than pleased to read your post and I concur that this PPS will change given time and continued progress by the management team at Deep Down.
You have provided tremendous leadership to this board with all the DD you and many others have provided and encouraged.
By far the best board and best stock!
Cheers to you for checking in and look forward to your future posts.
Investor 100
Thanks Joe Smith for the pictures!
The shop looks as busy today as it did back in the summer!
Pictures gives everybody long /short some idea how busy this shop really is and pending projects.
What other company provides its shareholders the opportunity to watch production for afar- None in penny land.
Glad to be here!
Investor 100
Great pictures Sulphur Mt!
Welcome back camera's " a picture is worth a thousand words" is so true here at Deep Down and much more!
Today's press release is by far the best news in 2008 for me given the facts in the article and future potential going forward- mass production!
Steve much like the management team are answering the call of shareholders with straight talk and no B.S.!
Glad to be here.
Investor 100
Fear the $4 gas
Survey says 71% of Americans expect gas prices to hit $4 a gallon this summer.
January 30 2008: 4:00 PM EST
NEW YORK (CNNMoney.com) -- Expect summer gas prices to hit $4 a gallon, say 71% of Americans, according to a new survey.
More than half of the respondents said that prices for gasoline and home heating oil were their number one economic concern for 2008, topping recession, foreclosure, and unemployment.
The Civil Society Institute think-tank surveyed 1001 Americans as part of 40MPG.org, an action group that aims to make 40 miles-per-gallon standard for all cars in the U.S.
Just over a third of those surveyed said they would be more likely to buy high MPG vehicles if gas hits $4. That number jumps to 44% if gas should exceed $4.
"$4-a-gallon gasoline could be a real tipping point for the public in terms of an even bigger rush for hybrids, clean diesels and other highly fuel-efficient vehicles," said 40MPG.org spokesperson Ailis Aaron Wolf.
Waiting for the Echo Boomers
Just over a third of Americans have cut back on their regular driving habits due to rising fuel costs, according to survey data. And over half said if gas hits $4, they would cut back on summer or holiday travel. 58% said they would cut back on personal spending to help pay for fuel.
But according to energy analyst John Kilduff of MF Global, $4 gas by summer is not likely. The country is in a much better supply position heading into the end of winter, with refineries working back up to capacity, he said. "$4 is a stretch to me."
The concern about energy is shared across political lines, but is significantly greater in households with incomes under $25,000 a year, according to the institute.
Almost nine in ten Americans surveyed said energy-related issues like gas prices and global warming would affect how they vote. About half said Congress could do more to improve vehicle fuel efficiency. To top of page
New Press Release!
Deep Down, Inc. Ships Three BS Latchers
HOUSTON, Jan. 30 /PRNewswire-FirstCall/ -- Deep Down, Inc. (OTC Bulletin Board: DPDW) announced today that three Bend Stiffener ('BS') Latchers, for the BC-10 project, were shipped to Singapore. These BS Latchers will be installed on the Client's Floating Production, Storage and Offloading vessel ('FPSO') which will be bound for Brazil upon its completion. An FPSO is a type of floating tank system used by the offshore oil and gas industry. It is designed to receive oil or gas produced from a nearby platform(s) and store it until the oil or gas can be offloaded onto waiting tankers, or sent through a pipeline.
The BS Latcher is a proprietary Deep Down design which offers its clients significant cost savings as compared to many of its competitors' products. These cost savings arise principally out of the unique quick-release and locking mechanism which can be engaged by a single ROV without any need for divers for any phase of its deployment. As bend stiffeners get larger and heavier, it is also important to note that the bend stiffener can be carried behind the bullnose of the Deep Down BS Latcher and engaged into the mating bellmouth quickly and efficiently. Upon completion, the bend stiffener can be released to allow the bullnose and umbilical to be pulled up through the remaining length of the I-tube and hung off at the topside hang-off flange.
'The Deep Down design has handled high load transfers for very high bending moments of up to 350,000 foot pounds. As umbilicals, and attached bend stiffeners, are subjected to higher cyclic loading in ultra deepwater developments, these bending moments will increase. Our BS Latchers can be engineered and designed to handle these ever-increasing loads and bending moments. It is gratifying that our client has chosen to use our services in an international installation in Singapore on their very first owned FPSO, which is to be operated in their very first development in Brazil,' says Ronald E. Smith, President & CEO of Deep Down. 'We continue to strive to engineer innovative solutions to save our clients time and money in the continuing search for oil and gas reserves,' he concluded.
Great performance + outlook looks very positive!
Cheers
Investor 100
Thanks for the pictures Brikk!
Wonderful to our product on such a grand scale for all to see!
Excited to watch this company grow in so many area's of deep oil drilling!
Cheers!
Investor 100
Oil Rises on Stimulus Package
Crude prices jump after government officials unveil a plan to boost the economy.
NEW YORK (CNNMoney.com) -- Oil prices rose Thursday after Congressional leaders and White House officials announced an economic stimulus package, easing some of the market's fears that a downturn will crimp demand.
U.S. light crude for March delivery rose $1.57 to $88.56 a barrel on the New York Mercantile Exchange. Oil had traded up 77 cents just prior to the report's release.
In its weekly inventory report, the Energy Information Administration said crude stocks rose by 2.3 million barrels last week. Analysts were looking for a gain of 1.8 million barrels, according to a Dow Jones poll.
Gasoline supplies surged 5 million barrels, compared to analysts' expectations of 1.6 million barrels.
Stimulus deal struck
Distillates, used to make heating oil and diesel fuel, fell by 1.3 million barrels. Analysts had forecast a rise of 100,000 barrels.
"The dip in distillates is helping to support the market, " said Phil Flynn, a senior market analyst at Alaron Trading.
"Cold weather keeps supplies at uncomfortably low levels," he added.
However, Ray Carbone, president of Paramount Options, thinks Thursday's inventory report is "probably a non-event."
"We're really focused on the equity market right now," he added.
Investors in oil futures pay close attention to the stock market as a gauge of overall economic activity. The U.S. equity market has been plagued by recession fears that have led to instability in markets worldwide.
A rally in Asian and European markets Thursday helped drive oil above $88 a barrel in electronic trade.
The Dow Jones industrial average was nearly 0.2 percent higher more than halfway into Thursday's session. Meanwhile, the tech fueled Nasdaq, which reached bear market proportion in the previous session by being down more than 20 percent from its latest high, was up about 0.9 percent.
Deep Down Management Reflects The Dow!
Today's press release of its newest hire certainly reflects it goal to give us shareholders the Best of the Best in terms of experience and management skills!
Today's hire clearly demonstrates that Deep Down management wants and needs the very best to accomplish their goals in 2008!
I like a company who searches and hires the best, shareholder friendly, and a team with lofty but realistic goals!
Happy to be onboard!
Investor 100
Great to see upward movement in the markets!
If and when I get my rebate check I know where I am going to spend it!
Cheers!
Investor 100
Iventa Recruits IT Executive as Vice President of Technology
GOLETA, Calif.--(BUSINESS WIRE)--Commerce Planet, Inc. (OTCBB:CPNE) today announced that Rory Roybal has joined Iventa, a Commerce Planet Company, as the Vice President of Technology.
“We are very fortunate to have such a qualified industry veteran join our management team at Iventa,” stated Tony Roth, Chief Executive Officer. “Rory Roybal is a seasoned, highly innovative executive with over 28 years of experience and 18 years at the VP/Director level. He has expertise in Engineering, General Management and Product Development with responsibility for global e-commerce, complex projects in software, mobile-telecom, enterprise systems, networking and online business solutions.”
Rory most recently served as the Senior Director, Engineering for Salesforce.com, a worldwide leader in on-demand customer relationship management services, where he was responsible for Mobile Engineering, including Client-Server Architecture, IT Operations, Software development, QA, Technical Writing, and Program Management.
Mr. Roybal will be overseeing the Iventa Dashboard™ product line development and inter-company integrations related to building business tools, services and enhanced e-commerce solutions. "I am excited to join Iventa, Commerce Planet as it is truly a dynamic e-commerce provider," said Rory Roybal. "The platform Commerce Planet has created provides custom solutions for enterprise e-commerce clients and I believe my expertise will help the Company roll out its small to medium size business offerings and realize its growth potential."
Strong growth forecast for offshore E&P
01/10/2008
HOUSTON – World deepwater production will grow from 2007's 6 MMboe to 11 MMboe in 2011, predicted John Westwood of Douglas-Westwood. Speaking to the Society of Underwater Technology, Westwood said suppliers are "virtually beating off the customers, but demand continues to grow."
Deepwater oil and gas exploration was a highlight of the presentation.
"Virtually the only place were giant oilfields will be found in future years is in deepwater," Westwood said, citing the recent Tupi discovery in Brazil and an example.
"Big oil needs big fields," he said. "The remaining 'easy oil' and indeed gas is in hard places and is being strongly competed for."
As a result, capital spending will reach $25 billion annually in deepwater by 2012, a 30% growth for the 2008-2012 time span. "This will drive demand for deepwater drilling rigs, floating production systems, subsea production hardware, and more," Westwood said.
He also noted a change in the playing field since the early 1970s, with national oil companies now holding 80% of the world's oil reserves. International oil companies held that amount in the early '70s.
Another result of current market dynamics is that oilfield service companies have become a favorite of investors. The Douglas-Westwood index of 10 leading deepwater service companies has risen 69% since November 2006.
Gene Kliewer,
Technical Editor, Subsea & Seismic
Off Shore
01/10/2008
Value Direct Acquisition Sets Stage for High Growth
Commerce Planet, Inc. - (OTCBB:CPNE) today announced that the Company has acquired Value Direct and has entered into agreements with key employees as new members of the Commerce Planet management team. The acquisition, funded from available working capital, will provide further diversification in 2008.
Value Direct was formed in 2005 and operated as a direct-to-consumer services company, marketing product and pricing information in the real estate housing and the pre-owned automobile markets. Commerce Planet CEO, Tony Roth, stated, “By leveraging the Commerce Planet online marketing and media division, scalable sales and customer care tele-center, and e-commerce technologies, we expect to integrate Value Direct during the first quarter of 2008.” Mr. Roth continued, “We expect to build a $10+ million business within the first two years from the core $2.5 million current run-rate with meaningful profit contribution in the first year.”
The Company’s member acquisition system offers a one-time or recurring monthly fee for consumer-driven benefits memberships and corporate partner programs. Value Direct aggregates, markets and delivers objective product and pricing information and savings opportunities directly to its members.
“This information is often difficult to find, access and decipher by the public market and maintains a resilient market value in such categories as housing foreclosure listings or the pre-owned auto market,” stated David Tobias, CEO of Value Direct, Inc. and newly engaged Vice President of Operations for Commerce Planet. Prior to founding and operating Value Direct, Mr. Tobias served as Vice President of eCommerce for Irwin Naturals, a $100+ million direct marketing company, and also was a Co-founder, Vice President of inQ, a chat commerce solutions company serving companies such as AOL, Shutterfly, MovieTickets.com and many others.
Commerce Planet will merge its advanced technology with traditional communication channels to drive the member acquisition campaigns and systems. Jim Thoeni, Founder of Value Direct, further stated, “Our move to join Commerce Planet will enable our proven and proficient business model to thrive. We bring a uniquely positioned set of sales proposition, a comprehensive set of information management tools, and a subscription billing model that has sustainable revenue generation and superior margins.”
Jim Thoeni, newly appointed Vice President of Sales for Commerce Planet, brings over 12 years of experience including serving as VP Sales for Bargain, growing sales primarily via the inbound sales department that ultimately led to a $60 million sale to Vertue (VRTU), a publicly traded Company. Mr. Thoeni also served in sales operation roles for CRN, a leading third-party direct marketer of nationally aggregated foreclosed properties and Advanced Access, a premier online marketing company for real estate professionals.
“Our plan for 2008 involves acquiring and growing new and diversified online B2B and B2C products and services, while becoming a fully integrated e-commerce solutions provider with our Iventa Dashboard™ Systems,” stated Chief Strategy Officer and Chairman of Commerce Planet, Michael Hill. “We will continue to build from our strong marketing and sales operations with innovation solutions and smartly leveraged systems.”
About Commerce Planet, Inc.
Commerce Planet, Inc. is a technology driven online media, marketing, and fully integrated e-commerce provider that offers media products, lead generation services, list database management, e-commerce solutions, web marketing, call center support and CRM tools to its client partners as well as through its own direct selling businesses. Commerce Planet offers turn-key business solutions through Legacy Media, its marketing and media division, and membership sales companies, customer care and call center facility, and its newly acquired E-Commerce Dashboard™ System by Iventa. In combination these services address the needs of small – medium size businesses, B2B and B2C marketing programs, and custom solutions for enterprise clients worldwide. For more about Commerce Planet (OTCBB: CPNE), visit our website at http://www.commerceplanet.com.
Just my two cents - Accipiter..
Basic investing 101 is to invest what you can afford to lose and not need for food, shelter, paying bills, and school included!
My position is to go long and not flip despite having profits at this level given what has occurred the past six months.
The news this month alone indicates much is happening and I expect more developments and announcements to come taking the PPS back to levels we have experienced in the past and then some. -IMO-
If it were me I would go borrow from Uncle Sam for grad school!
Best of luck!
Investor 100
Oil Hits $97 on Big Crude Drop
Supplies plummet by 6.8 million barrels, marking the eighth-consecutive week of declines; gasoline supplies swell.
NEW YORK (CNNMoney.com) -- Oil prices rose Wednesday after the government reported a big decline in crude supplies, the eighth drop in a row.
U.S. light crude for February delivery rose 89 cents to $97.22 a barrel on the New York Mercantile Exchange. Oil had traded down 57 cents just prior to the report's release.
In its weekly inventory report, the Energy Information Administration said crude stocks fell by 6.8 million barrels last week. Analysts were looking for a drop of 800,000 barrels, according to a Dow Jones poll. It's the eighth-consecutive week crude supplies have fallen.
"That's what goosed the market to the upside," said Anthony Grisanti, president of the commodities brokerage GRZ Energy.
But gasoline supplies jumped by 5.3 million barrels, a much bigger increase than the 1.6 million barrel gain expected. EIA said gasoline supplies are now above normal for this time of year.
Refineries operated at 91.3 percent of capacity, nearly 2 percentage points higher than last week and more than analysts expected.
Distillates, used to make heating oil and diesel fuel, rose by 1.5 million barrels. Analysts were looking for a 300,000 barrel decline.
Grisanti said it's the first time in a long time that gasoline stocks have been above normal. That, combined with the slowing economy, could send crude prices even lower.
"I think it hits $90 before it hits $100," said Grisanti.
Reports of more attacks on Nigerian oil facilities and an EIA report raising global consumption forecasts were also helped send prices higher Wednesday, the Associated Press reported.
Oil broke the $100-a-barrel mark last week, hitting a trading high of $100.09 on Jan. 3, but has since slipped amid fears of a slowing economy.
Oil prices have risen nearly five-fold from under $20 a barrel in early 2002.
Most analysts blame the spike on surging demand - mostly from developing countries and the United States - and limited new supplies.
This tight supply and demand scenario has attracted lots of investment money, further pushing up prices. It also magnifies the effect of geopolitical tensions, as there is less spare capacity to make up for a supply disruption.
The falling dollar has also played a part, as investors bail out of U.S. stocks and bonds and go into commodities like oil or gold as a hedge against the lower dollar.
Gold prices also rose Wednesday to $880 an ounce, their highest level ever, not adjusting for inflation.
Commerce Planet Completes a 6% Stock Buy-back and Authorizes an Additional $2 Million Buy-back Program
Commerce Planet, Inc. (OTCBB:CPNE) announced today that its Board of Directors has authorized a new stock repurchase program to extend to June 30, 2008. The new authorization will allow the Company to repurchase an additional $2 million of the Company's common stock from time to time in open market or privately negotiated transactions.
Under the first stock repurchase program, in effect from November 2006 to December 31, 2007, the Company repurchased a total of 3.02 million shares, or approximately 6.2% of the Company’s 48,637,252 million outstanding shares, reducing the number of outstanding shares to 45,616,252 as of December 31, 2007.
"We continue to feel that our stock is undervalued in the marketplace," stated Tony Roth, Chief Executive Officer. "We strongly believe in the long-term value of our Company’s business and the outlook for 2008. The Board believes that, in addition to potential asset acquisitions, we can further enhance shareholder value through a larger stock repurchase program and the opportunistic acquisition of our stock from time to time as the Company deems appropriate.”
About Commerce Planet, Inc.
Commerce Planet, Inc. is a technology driven online media, marketing, and fully integrated e-commerce provider that offers media products, lead generation services, list database management, e-commerce solutions, web marketing, call center support and CRM tools to its client partners as well as through its own direct selling businesses. Commerce Planet offers turn-key business solutions through Legacy Media, its marketing & media division, and membership sales companies, customer care and call center facility, and its newly acquired E-Commerce Dashboard™ System by Iventa. In combination these services address the needs of small – medium size businesses, B2B and B2C marketing programs, and custom solutions for enterprise clients worldwide. For more about Commerce Planet (OTCBB:CPNE), visit our website at http://www.commerceplanet.com.
Oil Climbs $2 A Barrel
Crude prices rise on a softening U.S. dollar and expectations of a dip in stockpiles after falling in previous sessions on signs of weakness in the economy.
New York (AP) Oil futures rose Tuesday, extending a pattern of back-and-forth trading as investors debated whether a weakening economy or falling inventories should determine crude's direction.
While a combination of a weaker dollar and predictions of a drop in domestic crude inventories pushed prices up by as much as $2 a barrel Tuesday, the jump came a day after prices had fallen more than $2 on concerns about economic growth and demand.
Analysts say the volatility reflects a battle between investors who believe the economy is cooling and that oil is overvalued, and those who see oil as a safe haven in an unsettled financial environment.
"Wide price swings are expected going forward," said Jim Ritterbusch, president of Ritterbusch and Associates of Galena, Ill., in a research note.
Light, sweet crude for February delivery rose $1.91 to $97 a barrel Tuesday on the New York Mercantile Exchange.
Tuesday's rally reverses three days of declines that followed a disappointing government jobs report and comments by Treasury Secretary Henry Paulson suggesting there is no simple fix for the housing crisis. But evidence of a weaker economy cuts two ways: Many energy investors see signs of slower economic growth as raising the chances that the Federal Reserve will lower interest rates.
New glitter for gold
Lower rates tend to weaken the dollar, giving investors reason to buy oil. Crude futures offer a hedge against a falling dollar, and oil futures bought and sold in dollars are more attractive to foreign investors when the greenback is falling. Many analysts believe the weakening dollar helped draw speculative investors into oil markets this fall and winter, driving oil prices above $100 a barrel last week.
"(Oil) is considered to be a new asset class that the world cannot get enough of," said Fadel Gheit, an analyst at Oppenheimer & Co. in New York.
Meanwhile, domestic crude inventories likely fell by 300,000 barrels last week, while supplies of distillates, which include heating oil, likely fell by 600,000 barrels, according to analysts surveyed by Dow Jones Newswires. Many analysts predict a much larger decline in crude supplies. The Energy Department's Energy Information Administration will release its weekly inventory report on Wednesday.
At the pump, gas prices slipped overnight by 0.1 cent to $3.105 a gallon, according to AAA and the Oil Price Information Service. While the decline was slight, it was the first time gasoline prices have slid since oil prices rebounded from an early December dip below $90 a barrel and began their ascent to $100. Many analysts expect gas prices to fall over the next several months before rebounding and setting new records in the spring. Gas prices peaked at $3.227 a gallon last May.
Other energy futures also rose Tuesday. February heating oil futures jumped 5.25 cents to $2.646 a gallon on the Nymex while February gasoline futures rose 5.18 cents to $2.4816 a gallon. February natural gas futures rose 6.6 cents to $7.945 per 1,000 cubic feet.
In London, Brent crude for February delivery rose $1.84 to $96.23 a barrel on the ICE Futures exchange
Thanks Sagewise for the Artcile!
I think part of the vocabulary during difficult economic times that we face in 2008 is the fact all companies are seeking to become more efficient in their process as well as maximizing their products and services.
I think we will continue to read the words of "strategic partnership", "merge", "buy-out", "consolidation",and "diversification".
The announcement with ENSCO and Noble Corp clearly illustrates that point very well.
Cheers.
Investor 100