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that's big. good stuff.
good networking event in the community.
don't push it, that's a bit ambitious.
best to you in your next endeavors
2013 will be our year
u got that right
250k in net income for quarter 1 would be a nice feather in their cap for DDI.
2012 is going to be more of a ramping up year, in my opinion. 2013 could see this thing go...and I mean really go. They could have 10k subscribers without any acquisitions by then and finally get the share count down to 30m. They could easily achieve a .02 eps annualized.
10k from organic growth would be a worthy goal. They just need to really crank up the marketing with direct mail, plus tv and radio ads. Steal some customers from direct tv.
Do you know if DDI plans to attend the OTC later this month in Houston? It doesn't appear they are listed as an exhibitor.
Deep Down Awarded $8 Million in Contracts 04/16 09:55 AM
HOUSTON, April 16, 2012 /PRNewswire/ -- Deep Down, Inc. (DPDW:$0.083,0$0.013,018.57%) , an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services today announced it has been awarded multiple contracts worth nearly 8 million dollars from a major international oil and gas operator.
Deep Down will design, fabricate, assemble, install and test control systems to operate flowline isolation valves on three platforms in the Gulf of Mexico. The control systems are designed with a service life of 25 years and to survive a 1,000 year storm. The system will connect the safety system on the platform to the control valves without the need for ROVs, allowing the valves to be closed in an emergency, stopping the flow of hydrocarbons. Engineering has already commenced at Deep Down's Channelview office with delivery by end of 2012.
Ron Smith, Chief Executive Officer of Deep Down, Inc. (DPDW:$0.083,0$0.013,018.57%) stated, "We are delighted to have been chosen to work on these important improvements to our customer's assets in the Gulf of Mexico. In the event of equipment failure, this system has been designed for vulnerable pieces of equipment to be easily retrieved and fixed in a minimum amount of time. The control system also has redundancy built in, thus allowing for the system to operate in the event of equipment failure."
About Deep Down, Inc. (DPDW:$0.083,0$0.013,018.57%)
Deep Down, Inc. (DPDW:$0.083,0$0.013,018.57%) is an oilfield services company serving the worldwide offshore exploration and production industry. Deep Down's proven services and technological solutions include distribution system installation support and engineering services, umbilical terminations, loose-tube steel flying leads, buoyant solutions, ROVs and tooling, marine vessel automation, control, and ballast systems. Deep Down supports subsea engineering, installation, commissioning, and maintenance projects through specialized, highly experienced service teams and engineered technological solutions. The company's primary focus is on more complex deepwater and ultra-deepwater oil production distribution system support services and technologies, used between the platform and the wellhead. More information about Deep Down is available at www.deepdowncorp.com.
Forward-Looking Statements
Any forward-looking statements in the preceding paragraphs of this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties in that actual results may differ materially from those projected in the forward-looking statements. In the course of operations, we are subject to certain risk factors, competition and competitive pressures, sensitivity to general economic and industrial conditions, international political and economic risks, availability and price of raw materials and execution of business strategy. For further information, please refer to the Company's filings with the Securities and Exchange Commission, copies of which are available from the Company without charge.
SOURCE Deep Down, Inc. (DPDW:$0.083,0$0.013,018.57%)
Deep Down Awarded $8 Million in Contracts 04/16 09:55 AM
HOUSTON, April 16, 2012 /PRNewswire/ -- Deep Down, Inc. (DPDW:$0.083,0$0.013,018.57%) , an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services today announced it has been awarded multiple contracts worth nearly 8 million dollars from a major international oil and gas operator.
Deep Down will design, fabricate, assemble, install and test control systems to operate flowline isolation valves on three platforms in the Gulf of Mexico. The control systems are designed with a service life of 25 years and to survive a 1,000 year storm. The system will connect the safety system on the platform to the control valves without the need for ROVs, allowing the valves to be closed in an emergency, stopping the flow of hydrocarbons. Engineering has already commenced at Deep Down's Channelview office with delivery by end of 2012.
Ron Smith, Chief Executive Officer of Deep Down, Inc. (DPDW:$0.083,0$0.013,018.57%) stated, "We are delighted to have been chosen to work on these important improvements to our customer's assets in the Gulf of Mexico. In the event of equipment failure, this system has been designed for vulnerable pieces of equipment to be easily retrieved and fixed in a minimum amount of time. The control system also has redundancy built in, thus allowing for the system to operate in the event of equipment failure."
About Deep Down, Inc. (DPDW:$0.083,0$0.013,018.57%)
Deep Down, Inc. (DPDW:$0.083,0$0.013,018.57%) is an oilfield services company serving the worldwide offshore exploration and production industry. Deep Down's proven services and technological solutions include distribution system installation support and engineering services, umbilical terminations, loose-tube steel flying leads, buoyant solutions, ROVs and tooling, marine vessel automation, control, and ballast systems. Deep Down supports subsea engineering, installation, commissioning, and maintenance projects through specialized, highly experienced service teams and engineered technological solutions. The company's primary focus is on more complex deepwater and ultra-deepwater oil production distribution system support services and technologies, used between the platform and the wellhead. More information about Deep Down is available at www.deepdowncorp.com.
Forward-Looking Statements
Any forward-looking statements in the preceding paragraphs of this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties in that actual results may differ materially from those projected in the forward-looking statements. In the course of operations, we are subject to certain risk factors, competition and competitive pressures, sensitivity to general economic and industrial conditions, international political and economic risks, availability and price of raw materials and execution of business strategy. For further information, please refer to the Company's filings with the Securities and Exchange Commission, copies of which are available from the Company without charge.
SOURCE Deep Down, Inc. (DPDW:$0.083,0$0.013,018.57%)
Wall Street's new oil bull, Credit Suisse sees 2013 surge
http://www.reuters.com/article/2012/04/13/us-oil-bull-creditsuisse-idUSBRE83C1FA20120413
By David Sheppard and Jeffrey Kerr
Fri Apr 13, 2012 4:46pm EDT
(Reuters) - There's a new oil bull on Wall Street.
Credit Suisse has boosted its 2013 forecast for Brent crude to levels just $15 shy of record peaks, topping other banks like Goldman Sachs and Barclays that had been seen as the most aggressive on the street.
As consumer nations fret about the impact of rising fuel costs on the economy, Jan Stuart, Credit Suisse's head of energy research, predicts the pain could get worse. Demand is proving resilient in the face of high oil prices while supply growth outside of North America has been disappointing.
The bank hiked its Brent forecast by 15 percent to $132.50 a barrel for Brent in 2013, about $12 higher than current levels and within striking distance of record highs over $147 a barrel tipped in 2008, when the economic recession was deepening.
welcome back!
the king and queen may find it useful for their royal throne.
that's the part i don't like. with all the oil they have, henc should find a better partner, a big time one from houston.
Thank you! good to be here
that would be a huge feather in their cap if they can get the assay results by june
Drilling activity to increase in Gulf of Mexico, industry says
Houston Business Journal
Date: Tuesday, April 10, 2012, 7:41am CDT
Oil companies will be busy in the Gulf of Mexico this year, with drilling activity higher than any time since the 2010 Deepwater Horizon disaster.
The industry expects to add eight more deepwater rigs this year for a total of 29 in the Gulf, Reuters reports. That information is based on what oil companies tell contractors such as Transocean (NYSE: RIG), Ensco (NYSE: ESV) and Seadrill (Oslo: SDRL).
consolidating nicely
i like henc, just want to get this norm mackenzie riddle solved one way or the other. they need to get going.
A 100M Share day will do this stock good! Flush out all the ones who want out
i think he's supposed to close the next cable company acquisition sometime in April or May.
good use of exisiting studio that dan got a great deal on. sublease some space and generate some rev's.
reunited? very cool. lets move some jewelry then
thought that was in the 70's, no?
its not zales, its zalemark. looks good either way, tho.
hate seeing two penny stocks make deals together, doesn't look good to the small cap value trader we are trying to attract.
What do you say franny? Talk about wenr's prospects for annual numbers.
no worries, apparently this is third 'kick at the can' for Norm. that's all floridaflyersfan was trying to point out, and what makes this attempt any different.
he was talking about norm mackenzie.
he might be referring to Norm Mackenzie?? And i guess terra nova has pulled this before and not come thru with the cash.
thoughts on 1st q #'s?with a reduced share count we could see a nice eps.
nice usage of caps, dave.
looking good here, nice consolidation after our runup, good to to see it holding its gains.
The testing can take 18-24 months, but it does mention it is in the final round, so could be anywhere from 6-10 months would be my best guess.
yeah, i'm sure he'll file em at some point
who?
were annual #'s due yesterday?
Boom! Laser like focus on one geographic location was how a few legendary companies like Vitamin Water and Underarmour got started.