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I agree with you that the time to load up on the 'cane plays is upon us so I am buying nsmg this week which IMO is the top play.
Get 'em while they are cheap folks, you don't want to be chasing them when the action heats up. I am hoping for at least two runs this year, one within the next month and the other during the peak of the season in July and August. Maybe this year we will have a hurricane even hit U.S. soil. Not that I wish anyone to get hurt.
DPDW is looking much better this week. Fundamentals are stronger than ever with the Mako acquisition and the hiring of an experienced controller. Technicals are finally showing indications of a major reversal after being down for 3 months. Also, it appears that whoever was selling has run out of shares or come to their senses and realized what a gem we have here.
Nowhere to go but up going into the 10K.
God Bless
Trueheart, the solar energy companies are dropping because the new energy bill does away with the 30% tax credits for solar. The energy alternatives just can't seem to get much traction unless Uncle Sam helps them out.
There is a lot of talk on this board that to me is not helpful. MMM, gaps, TA, L2, etc. I don't really care who is on the bid or ask. That is all short term thinking.
The fundamentals are what are important here, and I believe that our management team will continue to build the company, recession or not. The aquisitions they have pulled off are not dilutive at all, in fact a few million more shares would be fine by me. How many shares do you think the large cap companies have? Hundreds of millions, if not billions. And they have more planned for 2008. The Chairman and CFO are both well versed in this area.
There are very few things that can derail this freight train. They are fairly immune to world events. Hurricanes, terrorist acts, interest rates, inflation, unemployment, a Democrat in the White House? Who cares! The pieces are in place and the company is executing.
I know what I own and plan to hold for a while. The former directors will eventually run out of shares...He.He...
Remember it is always darkest before the dawn. We have several people here ready to throw in the towel, but to paraphrase what many have said on this board, "If I could find a better small cap stock I would buy it". Or was that Lee Iacocca? I have looked and have been unable to find one that has the potential that DPDW has.
Just imagine where DPDW will be in 2015 when the demand for oil outstrips the supply! Do you think their margins will be just a tad higher than they are now? I think so. It will also be a very mature company at that time with several major product lines. They will have trouble keeping up. The alternatives to oil have been anemic so far.
I believe that the ones that stick around will be richly rewarded....IMHO
I, for one, am not worried in the least bit. My only regret is that I don't have more cash to load up with these cheap shares.
I believe that DPDW will be a force to be reckoned with in deep water drilling by EOY 2008. They are doing all of the right things and there are many small oil field service companies on the gulf coast, many of which could be good acquisition targets.
Eugene Butler helped build Weatherford into a $6B company and it is much easier to do something the second time around.
I find it hard to believe that 3 research reports have come out on DPDW in the last 10 days and no one is discussing them. The one from Reuter's has an outperform rating. Most of the analysis is positive with some negative for things like return on equity. The other two reports do not show up in E*Trade so I can't read them unless I pay for them.
The chatter is picking up folks, it is only a matter of time before liftoff!
One reason that DPDW is my largest holding is that I pass several small oil field service related companies at 6am in the morning and I have never seen them busier. They are all working at 6am with a full shift! That tells you the amount of work that is out there. DPDW's backlog is huge also.
God bless and happy trading!
Has anyone posted the Rueters Company Research report on DPDW here? I just noticed it on my E*Trade site. They give an outperform on the stock. Very good detailed report for an OTC company.
The big question then is why are we dropping after this report comes out? I guess because there are many unanswered questions; such as why no news since Oct. 12th, why were the security cameras shut down, why did E*Trade restrict us from online trading?
With the news blackout people start questioning their investment.
The volume is not very high but we are still up a dime. These low floaters are amazing. I am locked and loaded and waiting for news to take us to new highs.
Manchild, WEGI is a good pure storm play. They did not dilute this year as other stocks have and they benefit greatly on big storms. They made millions after Katrina and even helped clean up after 9/11. The share price is more stable than NSMG and so is less risky. It appears to have good support right now at .07
What is wrong with .04? The smart money is loading up now in the off season at fire sale prices. It is already below the low of last season (.055) and seems to have support at .03 - .035.
Dilution or not, this puppy will move next season.
Also am looking at getting into WEGI.
It will be a good week if the 3rd qtr lives up to the billing. It sure has been quiet for the past 4 weeks. Someone mentioned that they are in a quiet period but isn't that only for material events such as IPO's?
Can't wait for 10Q, Mako, or? I believe that they have something else up their sleeve that we will know about shortly.
.04!
A little bit of action today in NSMG on low volume. It appears that the selling has comletely dried up and any amount of buying will drive it up. I am glad I loaded up over the last two weeks. Last year the move up started at the beginning of January. This year it could be earlier.
I agree, NYPDBLUE. It seems to be forming a base here around .03 so I have already loaded up with my full position for the offseason hold. That way I don't have to guess when the buying surge will start and then try to chase it up. All I have to do now is wait for storms or offseason pumping like this past January for the profits to roll in.
I was really encouraged today that we rose 20 cents on such low volume. There are very few trading shares out there and if you want to buy any substantial amount you have to acquire them in small chunks.
We are positioned beautifully for any news that might come out this week.
Tell us how Fife profits if the company goes under. His millions of shares would be worthless and he would not get paid back for all of the money he loaned the company.
I agree and I believe that Fife wants controlling interest in NSMG. Why else would he keep loaning money to a financially ailing company? He must have an agenda. And until it plays out I will be watching closely. There could be life here yet.
Yes I know WEGI is in dire financial shape, but I was asking about your agenda. Your attacks seem rather personal because otherwise you would just move on and find a stock that you actually liked.
Unfortunately for WEGI they only make money when there are catastrophes like 9-11 or major hurricanes. The rest of the time they struggle to stay afloat. We get that.
printmail, it is clear that you have an agenda here. Thank you for the hundreds of posts regarding that agenda. Now would you please stop so WEGI can be subjectively discussed.
vtbound, you are right about some folks not wanting to buy because they think that $2 is too much. I tried to talk a co-worker into getting in on the action and he said "no way, it's already $2".
I can't stress this enough people, this is the real deal. I, like some others on this board, work in the industry. The management here are big time players that expect to build this company into a powerhouse. They have done it before. What other OTC company has two investment companies on board with unsolicited backing.
I believe that the institutional buying will accelerate now that we are over $2. This should also happen at $3, $5, and $10.
There is no upper limit.............we are into blue sky territory.
Why all of the buying today, the 10K was awful, revenue down 68%. I expect it to go back down tomorrow.
Yeah, nothing for two years. Oh well, there is always next year. The hurricanes can't stay away forever.
Yes I believe the swing traders have sold DPDW today but they will be back in force. But it could go back up without them if they are not careful. They will be sorry if positive news comes out while they are on the sidelines waiting for their entry point.
I would hold on until next year if you can unless you want to claim the losses on your income tax, though that doesn't appear to be the case with you.
Rhinoman, DPDW saved my you know what this year also. As kermit likes to say 'it's nice being green'. At least I got one right his year.
I still have a little bit of BUGS and yes am waiting for either a technical bounce or (I know it's a long shot) actual news.
Flatsixer, do you not have anything else to do than to try to pick apart someone else's posts. What a loser! I am sorry if you lost money this year but get a life!
For your information did you see the word 'most' in my post? I kept some WEGI and NSMG in case a big storm did not get sheared and actually hit land.
Chevdawg, that is why I dont even look at the indicators for DPDW. They are meaningless because this stock will jump on any news and you don't want to be caught 'playing' it like I did. Lesson learned.
THIS IS NOT THE TYPICAL OTC STOCK and so will not behave like one. This is a potential zip code changer. In fact, if it gets to $20 I WILL change my zip code via retirement.
Manchild, I was fortunate this year to not get scalped like I did last year because I got out of most of my 'cane plays in May when I saw that they were not doing anything. Like you I am anticipating the winter lows to jump back in though. It is very addicting!
GLTY and God bless
Yeah, someone loaded up today. I guess that they thought that the low of the year has been reached. They might be right. Time will tell.
Broiler, FCCN did what I expected it to and stated so in my post this morning, that is to go down on the news.
Now getting back to BUGS, it is in the doldrums along with the other 'cane plays. I am going to hold on because it has numerous spikes throughout the year even without news.
Hang in there buddy!
Well it looks like I picked the wrong week to flip DPDW! That unexpected news was great for longs though. Back in now but with only half the shares that I had before, but when funds become available I plan to get back the other half.
The Mako acquisition announcement should be any day now....
Broiler, the FCCN reverse merger is a reality, you didn't see the news last night? I thought about getting in this AM but I believe it will sink on the news because it has already been builtin to the share price.
I missed the recent DPDW run because I took profits last week and am at a business conference this week and sold because I did not want to have to watch it. Of course this is the week that great news comes out! I bought back in this AM though as it will be my long term hold.
I plan to get back in NSMG and WEGI this winter but don't expect a big run until a major hurricane hits the U.S. I just like to avoid the rush and not have to chase it up.
Good luck to you.
Broiler, I believe that IHUB is the best stock message board site. The problem isn't only with BUGS, look at NSMG and WEGI. They are also down big because the hurricane season is winding down and for the second year in a row we did not have even one major hurricane make landfall on U.S. soil.
I had high hopes but they were dashed again. I still have some shares of BUGS but unless they announce a contract or two with Mexico I am afraid we are done for this year.
I am glad that I got into DPDW back in June, it has turned out to be much more than a hurricane play. You might want to check it out.
The Offshore Technology Conference (OTC) is THE premier event in offshore drilling. I wonder why DPDW is not on the exhibitor list for 2008. I would think that they would want to be there to put the spotlight on their new products.
The value of this conference can not be over-emphasized. All of the big boys will be there, SLB and HAL have a huge presence. The oil sevice companies do not spend much on advertising as per say, a retailer, but they spend a little in the trade publications and industry events like the OTC.
Welcome aboard the DPDW train. Next stop dollarland.
Many are loading up here while they are cheap
harvard, thanks for all of your DD here. It is much appreciated. I believe that we will hear something soon on contracts or acquisitions and then you will see people jump back in. BUGS is still on some radar screens.
Also the cameras could be used for security, especially since they have a night shift now. And don't forget the Big Brother aspect of the cameras, management can check on employees to make sure they are actually working hard.
I was encouraged by the big volume of over 4M on Friday. We might have some life left in this one yet. Even without the storms BUGS/SSWM could land some large contracts if they can obtain suitable financing. The risk/reward for me says to stay in this one a bit longer to see how it plays out.
With the day rates the offshore drillers now have to pay for a rig the activity is almost constant. When one group is done doing their thing, like wireline, then the cementers will follow them whether it is 2pm or 2am. Just the nature of the business. The majors spend a heap of money searching for oil and the sooner they know if they have hit the mother lode the better. The work that DPDW specializes in is just a small but necessary piece of the puzzle, but IMO they are in the fastest growing segment of the oil industry, DEEP WATER. There are huge oil reserves hundreds of miles offshore under thousands of feet of water and soil. There is a race on to get to it.
The majors want to tap into vast oil reservoirs off american soil and stick it to the Arabs and Chavez. Alaska, Canadian oil sands, and deep offshore can probably supply all of our needs.
Go DPDW!