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Sulphur, I wasn't comparing DPDW to SLB. DPDW is like SLB or HAL maybe 40 years ago in their infancy. I can see in the future though a facility like one of theirs in order to enable DPDW to manufacture and service all of their customer's orders. I wouldn't touch the stock of the major service stocks because they are too mature, I like small caps like DPDW. The potential upside here is far greater. As long as oil stays above $80/barrel and we don't elect anyone that wants to impose a windfall profits tax on big oil we will do just fine.
A big presence at OTC should benefit Deep Down because everyone that is anyone in the oil patch will be there. As at any trade conference there will be many contacts made and deals done. The advantage of DPDW being a small company is that when they land, say a $10 or 20M contract it will be huge for us shareholders. Channelview will not be able to house all of our operations soon unless a majority of the new work is outsourced. Just on my drive to work each day I pass just about every major player there is in oil services, Halliburton, SLB, Cameron, Kaevner, NOV, Baker Hughes, and they all have state of the art facilities. I envision that one day soon DPDW will have one of these facilities. SLB's campus in Sugar Land is impressive, it is like a college campus. Halliburton has 17 locations just in Houston. I am not knocking Channelview but it is a low rent district far from the nearest airport. It does serve our purposes for now.
DPDW is a gem and in 5 years or less we will all be richly rewarded.
GLTA and God Bless
You are in luck because ECCI is IMO the top cheap hurricane play right now. The upside potential is enormous even though they have shifted gears into the oil patch. A cat 5 storm will lift all boats including ECCI, BUGS, WEGI, DPDW, and my other favorite NSMG which could benefit tremendously if a big storm hits. Right after Katrina hit in 2005 it went to $3.20. I don't expect it to get anywhere near that price again but it doesn't have to for us to make some dough.
Sorry for the OT on the ECCI board, this should have been posted on the Hurricane board.
keith68, no ECCI does not really have any revenues right now but the potential is there as they are working on contracts in the Barnett shale region of Texas using their patented water purification process. That is why there has been an uptick in volume over the last month. They even hired a COO to facilitate the new business strategy. It is subpenny now but IMO the risk reward is worth putting some of my $$$ here.
abcdefg, I agree totally. Hopefully just the threat of a CAT 5 storm hitting the U.S. will drive the price up but with little impact on property losses and human life.
The season is now less than a month away so the interest in these hurricane plays should start picking up.
NSMG basing in the .05-.06 range
WEGI basing in the .06-.075 range
ECCI basing in the .0015-.0020 range
Ctrades, good job with the map showing all of NSMG's locations. I wouldn't be surprised if they open one soon in Norfolk, Virginia after the nasty tornadoes that touched down there.
1flaguy, All of the sub-pennies dilute so you are preaching to the choir here, man. How do you think that the price got so low? You must have gotten burned here in the past and you are just trying to 'warn' us. I don't see too many newbies around here that need saving, we know what we are doing.
GoodeEye, .25 is still a 5 bagger from current prices.
Yes, September is the big month but it is risky holding onto shares until then because if no storms are on the horizon then the shares drop. The last 2 years I have lost big by holding on but maybe this year will be different. I have a good feeling about it. The initial runup should happen anytime now.
If we get any positive news about the Barnett shale project soon then we will take off. This is a speculative play but the rewards can be great for those that are in before news. We have settled into a nice range here around .002-.0025. Another thing that I have noticed is that it moves up rather quickly for a stock with such a large float. Pennyland here we come!
The cheap shares here are getting very scarce. We are seeing higher lows and higher highs now. It is only a matter of time before it pops for a little pre-season run before things heat up (literally) in June. I have a real good feeling about this year. Hurricanes don't really bother me much because I head out of town (Houston) when they are headed my way, but I remember to say a prayer over others to stay safe.
GLTA this year......
"this place is dead!... i mean dead not even twitching... mannn someone say something!"
Many of us have already accumulated our shares for the season and are just waiting for a storm or a pop for any reason before we get too excited. The price has firmed up over the last week.
The price is actually .0023 right now. I don't see it going back to .0012 anytime soon with the recent buzz about the Barnett shale potential contracts.
Article from the CEO of Halliburton talking about the Barnett shale field.
From the President
Shale reservoirs becoming important energy resource
By Dave Lesar, chairman, president and CEO
It’s a well-known fact that the United States consumes more natural gas than it produces – currently about 23 trillion cubic feet (tcf) to 19 tcf. In the meantime, as U.S. demand for natural gas is increasing, gas fields continue to decline. Not a very positive outlook.
One solution could lie in the vast shale deposits stretching across the mid-continent from New York to California and Canada.
Dave Lesar
Not long ago, shale was seen as only a source rock for oil and gas and it was ignored as a resource. Then, in the early 1980s, independent gas producer George Mitchell, of Mitchell Energy, began looking for new sources of natural gas in the Barnett Shale, a geological formation estimated to stretch from the city of Dallas to west of the city of Fort Worth and south, covering 5,000 square miles and at least 17 counties. Using the latest advances in hydraulic fracturing and horizontal drilling, Mitchell began producing what some experts believe is the largest onshore natural gas field in the U.S. – an estimated 30 trillion cubic feet of natural gas resources.
Today, experts estimate that U.S. shale reservoirs hold an estimated 500 tcf to 780 tcf of natural gas. Along with its abundance, shale gas has one other important attribute. Although, initially, shale gas wells don’t start producing as strongly as some other unconventional gas wells, once the production stabilizes their estimated reserve life is estimated at 30 years or more. All of which makes shale gas an increasingly important part of the energy mix.
It’s a development that bodes very well for Halliburton, which helped pioneer the technology to make shale reservoirs producible and profitable. Not only our Stimulation operations, but all of our product service lines are involved in shale gas production: Baroid Fluid Services, to increase drilling efficiency; Security DBS Drill Bits, to increase the rate of penetration; Sperry Drilling Services, for directional drilling; as well as Cementing, Wireline and Perforating Services, Formation Evaluation and Completion Tools. In addition, Landmark conducts full-field modeling to help customers understand the best scenarios to maximize their drilling and completing programs.
Not surprisingly the shale gas services market has become very crowded, with startup service companies literally springing up overnight. But Halliburton has several advantages over the competition in addition to
our safety performance, customer relationships and execution expertise. Because reservoirs are spread out over a large area, producers use a manufacturing type of approach, drilling and completing many wells at
the same time in order to achieve the best return on their investment.
Halliburton’s organizational strengths can help speed up this process. In addition to our product service lines, we can leverage our Supply Chain Management and Logistics capabilities for a combined One Halliburton approach to increase our customers’ capital efficiency. We can also mobilize our research teams in Duncan, Oklahoma, and in Houston and Carrollton, Texas, to come up with answers to customer challenges.
More importantly, Jeff Coburn, Halliburton’s North America Technology manager, has Business Development technical teams established in every major shale-producing area – a group of senior technical advisors who maintain a deep understanding of the formations in each basin. Unlike with many of the other frac companies, these Halliburton teams understand the idiosyncrasies of these challenging formations and can use their knowledge to help customers get the most out of their asset.
As conventional natural gas supplies continue to decline around the world, shale gas will become an increasingly important part of the natural gas picture. Positioned to be a leader is this growing market, Halliburton is working hard to deliver innovative solutions to our clients.
We are on Bill Panetta's Bottombusters list.
http://www.breakouttrading.net/index2/aboutbill.php
I can't believe that we closed up 38% and the board is very quiet. I wonder if the upsurge is because more news is about to come out. This could really spike on another PR.
Anemic volume of 155,583 today. That won't get the job done. The IR guy has his work cut out for him. Many potential institutional investors might take a wait and see attitude until we get listed on a real exchange. In the meantime we have to rely on us retail investors to prime the pump here. If they can hold the float numbers under 25 million this year we should be okay.
The future here is bright we just don't know when we can finally say that we have arrived.
Just my 2 cents.
Good work Sterling, I am glad that I hung on to the shares that I aquired after the initial PR about the shale fields in Texas last week. It sounds like we might actually have something here if they can land a contract. Their cost structure must be very low as they are a very small company, and they already have the patented water purification technology just waiting to be utilized.
Based on the activity in Channelview I expect an average 4th qtr but an awesome 1st qtr. We need to see high margins and a solid net income in order to drive the stock price up. If Dahlman's projections ring true then we will be sitting pretty in a year or two. I would like to buy a few thousand more shares for the long haul.
GLTA............
I agree with you that the lows are already in for this year. They potentally have a revenue stream with the natural gas producers if they can secure some contracts for water purification. It really is an environmentally beneficial company. Millions of gallons are used in the frac jobs on well sites which is then so polluted that it is not recycled. But with ECCI's process this water can be made potable.
Wow, interest is really heating up on the board though the trading volume is lagging behind. I believe this one will keep building until the start of hurricane season. The big winners are those that get in early and wait for things to happen rather than trying to chase it on the way up. I feel really good about this year, all of my holdings are currently in hurricane plays. I expect my portfolio in July to be much higher that where it is now.
GLTA and God Bless!!!
The current prices should hold until Monday based on the trading patterns over the last few weeks which have remained consistently in the .04-.05 range; but of course there are no guarantees that buying pressure moves us up to the next level before the season starts in June. I don't see much downside risk from this level, unlike most stocks of this size.
Brikk,
With the amount of orders that they are filling now based on the webcam activity I will predict that they will outgrow their Chanelview location and move to larger digs within a year. I know that they cleared the 'back forty' but they should have state of the art facilities like their competitors. Then the suits that tour their site will be more impressed.
I agree with others here that we are only one large contract away to seeing a fair market valuation for our beloved company.
No hurricanes hitting the USA - .20
Cat 3 hurricane - .40
Cat 4 or 5 hurricane - .60+
Of course this is just my WAG and I normally won't post price predictions but you asked.
It did go up earlier last year, around the first of the year because it was selected by a stock picking site. The interest has waned some because of two down years (no canes!) but if a big storm hits this year you can bet that the money will flow back into this puppy.
Now is definitely the time to accumulate before the summer rush. Buy now and avoid the crowds. Buy on weakness and sell into strength. It works every year.
I have positions in DPDW and NSMG and plan on getting more. I feel very good about this year for the cane plays. NSMG is good for short pops during hurricane season and DPDW is just getting started on its way to the big leagues.
Since all of their business is in rentals they probably acquired trademark assets when they signed agreements with companies such as Perry Slingsby to market and rent their products. They do have a line of ROV tools but they all appear to be manufactured by someone else.
From Mako's website:
Mako Technologies has ROV clamps and ROV friendly hooks and shackles available, click on the slideshow pictures for larger images or here for clamp specifcations.
Mako Technologies new line of ROV tools, includes equipment that is smaller, lighter and more reliable than older systems. For example, Mako’s new torque tool, designed and built by OceanWorks Intl., is state-of-the-art in torque tool design. The Mako Torque Tool is compliant with API17D & H standards and provides the operator with a single tool with the capability to cover all four classes of torque rating (1 to 4), up to a maximum of 2,000 ft. lbs.
Sulphur, it doesn't take much to keep you entertained does it? You have way too much free time if you can look at these cams all day. I realize that their business is picking up but it is not much more exciting than watching paint dry. Now if they start moving a few LARS around please let me know. That would be something we need a report on.
Don't mean to be critical but the Mako 8K is more exciting to me because it has $$$ on it. Mako is absorbed into Deep Down debt free. Now THAT is exciting!
Someday the share price here will reflect what we all know, until then, back to lurking.........
10 bucks, and I thought that I was a small time player!
IMO...NSMG is a better play this year. WEGI went pink and has a lot of toxic financing which can't be put off indefinitely.
Alright, here is the 'perfect' storm so to speak. A cat 3 or higher hurricane fills the gulf and threatens to make landfall near a major U.S. city. Preparations are made for the storms arrival but then at the last minute it weakens significantly or changes direction and hits a sparsely populated area. I guess anything besides Corpus Christi, Houston, New Orleans, Mobile, Tampa or Miami.
So we all make scads of dough and no one gets hurt.
Wow, what happened to the interest in WEGI! This used to be a good pure play in the hurricane sector. I guess the drop to the pinks and the general malaise of the overall market are taking their toll. One cat 3 or higher hurricane to threaten the U.S. coast and it will be rediscovered.
Yes, YGE has strong financials but their margins are eroding due to the skyrocketing costs of polysilicon. If the production of polysilicon can keep pace with the solar sector then they will recover. Heck, they were $41.50 just recently so they will be a good buy here shortly. Solar and wind power are the future of energy, both for power plants and residential use.
I agree with you Phrao1, a larger float (18M vs. 5M) is preferable here to help smooth out the wild price swings. Flippers like low floaters because their strong movements allow them to make a quick buck, but since most of us here have longer time frames we would much rather see slow sustained growth backed by strong fundamentals. But having stated that, we still could move rather quickly due to the new and deep-pocketed investors who are pouring in here.
Buy and hold, baby!!!
God Bless!!!
We are #4 on the most read boards today!!!
DPDW is very well known on IHUB and even with the recent downturn there is a lot of interest. That is a very positive sign.
All I know is that the fundamentals keep getting better and better and when the large shareholder(s) is done selling, whether it is a former company boardmember or PP investor we will start to go back up.
The interest is building here as the story unfolds. Deep water is where the action and therefore money is. Land based drilling and shallow water is played out, especially in the U.S. I used to see drilling rigs all over Texas, but not any more. I live in the area where Exxon got started. They are tearing out all of the old oil field equipment and building houses like there's no tomorrow.
All we need is a little patience and IMHO the previous high of $2.35 will be a distant memory.
You have to forgive Printmail, he is not right in the head. He has been bashing this stock for years but no one listens to him. He is like a broken record. Do not respond to him, he won't change. He marches to the beat of a different drummer.
We will make money every year as his rants fall on deaf ears.
Joe,
About the 5 companies on IHUB that are above us on the most read boards list: the first 3 (RVGD,SWVC,MNTY) are sub-penny and the next 2 (ONMC,MONA) are Canadian.
We are the first real American company worth investing in on that list.
Why anyone would invest in any of those others is beyond me.
Beware of HSOA, it takes huge drops for no reason. Look at the last 3 years charts.
That is why I invest in the 'cane plays, there is little downside risk from here. We should get a double even without any hurricanes and if one hits the US we will get much larger profits. The tricky part is knowing when to get out. The last two summers I waited too long and lost all of my gains. I was waiting for that big storm that never came.
Good luck to everyone
Rich
Exactly mores, the risk/reward at this level is very favorable to investors. The upside potential is good even if we don't have any hurricanes again this year, but if we do then the sky is the limit. Just go back to 2005 when Katrina was in the news NSMG went up to $3.20. That would qualify as a zip code changer for me.