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BP = deer in the headlights
This was running hot for the last week or so - I was waiting to get in on a bounce but didnt expect this. Whats the deal with this fraud filing? This is down because the market is crying now but it will pick up later when all the crap gets straightened out.
Isn't it BIO clean??
As I've stated in previous posts, I don't think these people in charge understand the magnitude of the problem happening here. It's as if they are in shock after witnessing the scene of an accident and can't think straight.
They need to act with a quickness or this is going to be a compound disaster. If I was Obama I would give BP so much time to try to get it done then if they were moving with lax or no results then get the seabees or army corp of eng out there to access and take action. Just give BP the bill when their done.
This is our beautiful waters they are screwing up. Think of it as someone dumping toxic pollution in your backyard. You wouldn't stand for it, well we shouldn't stand for this BS.
These entities that want all the profits but none of the responsibility has got to end because it just gets put on the tax payer and people of our nation to bare the burden and consequences and pay the bill. And IMO that is BS that has got to stop now.
If any company is positioned as well as ACLH for moving forward for big things with a low OS and float let me know.
ACLH will be a major player IMO in this BP horror show.
It will probably wobble around .01 then hopefully take off with some vol later. IMO
Its kind of crazy seeing all this red with the positive news that just came out, another step closer to bigger things.
The whole market is down so that is pulling it down instead of it going up easy.
Yea all we need is a little vol and this will fly. I think it will catch on as the day goes on.
Looks like a morning shake out then up up up ....
It isn't yet...
well to each his own dude. look also at 64.00 a shr or .04 a shr. im sure CLH was a .04 stock at one time as well.
CLH probably has to watch for very toxic chem's which will make the situation worse than it is. then get legal action against it as well.
CLH dropping like a rock
Im in this as well as aclh both good plays right now IMO.
As each min ticks by this is becoming more urgent to get some proactive action in this. Hurricane season starts in 2 weeks and they said it is going to be a high level year.
BP better get off its arse soon or this is going to be a compound disaster. IMO
GLTA
holding long
as each min ticks by this will get more and more urgent to do something proactive here.
Hurricane season starts in a couple of weeks in case BP forgot...
you got that right, or if you ask them to clue you into their picks they are strangely quiet.
I would think anyone with that much knowledge of the pinks would be kickin it with mad profits most of the time. I want in on that too, but they are quiet to reveal their secrets.....
ENTL is on the Big Boards? lol some peeps are just naturally funny.
so what stocks do you recommend? You seem to be up on these companies and in the know.
really would like you take on where I should be looking right now.
pm me is you want
It would not make any sense that BP or the GOV or the states wouldn't use any and all contractors who can help out with the clean up.
This will probably be one of the largest eco-disasters in the history of this country.
5 states and mexico will be affected.
All gulf coast states shores and now with the loop contamination the keys and east coast of florida.
Thousands of miles of coastline.
Thousands of ships boats and equipment.
Just because it isn't "plugged" doesn't mean equipment doesn't need to be cleaned.
This is the reality of the situation.
You can start a company now get your people hazwopper certified and be in the oil cleanup business within weeks, there will be contracts out the gazoo.
I think this will turn into something big if patience can win over fear. IMO
more from the PSC email...
ACLH also had a strong PR which the market seemed to ignore today. This deal was described in detail to us. This oil fluidizer increases production for “micro-wells” from dormant or near dormant to 10 to 20 barrels per day. This technology can be applied to thousand of wells in Texas, Oklahoma, and Louisiana. This could make ACLH the best friend of any investor who owns a “stripper” well.
A possible deal with BP and this new application for ACLH’s technology makes ACLH a screaming buy.
Members should really re-read this PR from ACLH.
ACT Clean Technologies, Inc. Oil Fluidizer to Be Used to Enhance Oil Production in Texas Wells
http://www.stockwatch.com/newsit/newsit_newsit.aspx?bid=U-i0621850-U%3aACLH-20100518&symbol=ACLH®ion=U
It appears they are putting out tidbits of smaller contracts they may be getting into hopefully on a build up to the big one. They did say they had other things in the works. So this is good.
Shows they are working to find revenue streams with their products.
The opportunity for them is now so even if they are a small outfit now the exposure is on a magnitude of a 1000 from this oil spill. If they work the situation right they can be off and running toward bigger things in a matter of months.
Based on.....
Washington (CNN) -- Hearings continue for a second day in the Senate on Tuesday as lawmakers assess the response to the Gulf of Mexico oil spill, where a ruptured well continues to gush thousands of barrels of crude.
Three hearings are scheduled, with Interior Secretary Ken Salazar testifying to lawmakers in two of them. Coast Guard Commandant Adm. Thad Allen and BP America Chairman Lamar McKay will speak at the third.
On Monday, oil company BP touted its progress toward plugging the massive spill, but the Obama administration said the disaster is far from over.
"We are in the middle of this crisis. We are not at the beginning," Homeland Security Secretary Janet Napolitano told a Senate committee Monday afternoon. "We've been at it a month almost, but we are not near the end as well."
BP has successfully inserted a siphon into the damaged riser pipe from the underwater well at the heart of the spill.
The procedure has allowed the company to collect more than 1,000 barrels (42,000 gallons) of oil a day that would otherwise spill into the Gulf, said Doug Suttles, the company's chief operating officer.
That, combined with the use of chemical dispersants to break up the spill, has reduced the amount of oil reaching the surface, he said.
"This probably the smallest amount of oil I've seen on the surface since the effort began," Suttles said.
But the well has been spewing an estimated 5,000 barrels a day into the Gulf since late April, when the drill rig Deepwater Horizon blew up and sank about 40 miles off Louisiana. Eleven workers are presumed dead after the sinking, and the cause has not been determined.
Video: Working to curtail the oil spill Video: BP executive on response to oil spill Video: How are Gulf shrimp faring? Video: Gulf Coast benefit
RELATED TOPICS
Gulf Coast Oil Spill
BP plc
Janet Napolitano
Lamar McKay
Some of the oil has washed ashore on the Louisiana coast, and tar balls related to the spill have turned up as far east as Dauphin Island, Alabama.
Some estimates put the amount of oil gushing from the well far higher than the 5,000-barrel-per-day estimate made by the National Oceanic and Atmospheric Administration (NOAA) a few days after the spill began. Samples taken by scientists offshore have raised concerns that large plumes of oil are settling below the surface.
Officials grilled on oil spill
Samantha Joye, a professor of marine sciences at the University of Georgia, told CNN's "American Morning" that the size of the suspected plumes is hard to determine.
"Nothing like it has really ever been seen in the deep water of the Gulf of Mexico before," she said Monday. "It's not only a large feature, but it's a very complex feature. There's a lot of vertical structure to it."
But federal officials said the results have not been fully analyzed. And Charlie Henry, a scientific adviser from NOAA, said descriptions of "layers of oil" beneath the Gulf were "totally untrue."
"They were able to detect what we think is hydrocarbons in the water column. It was stated as oil, but it wasn't like oil you could see," Henry told reporters Monday afternoon.
The researchers were looking into the effects of the undersea dispersants used to break up the oil near the mouth of the well, nearly a mile beneath the surface, NOAA administrator Jane Lubchenco said in a statement issued Monday.
But Lubchenco said the agency does not consider dispersants -- which have their own hazards -- "a silver bullet."
"They are used to move us towards the lesser of two environmental outcomes. Until the flow of oil is stemmed, we must take every responsible action to reduce the impact of the oil," she said.
Suttles said the next step in capping the well is a "top kill" procedure, in which a large amount of heavy "mud" -- a fluid used as a lubricant and counterweight in drilling operations -- is inserted into the well bore. If that succeeds, the well will be cemented shut, he said.
"That is the method we think we will be deploying later this week or this weekend," Suttles said. Another option -- putting debris in the well to stop the flow -- may also be utilized, he said. And once the leak is sealed off, "We intend to fill up the bottom of this well with cement and it will never be produced."
BP, as the well's owner, is responsible for stopping the underwater gusher and paying for the cleanup, and Napolitano said the company has paid out more than $9.6 million so far without denying a claim.
McKay, who appeared with Napolitano before the Homeland Security Committee, said the company was concentrating on plugging the leak and limiting the economic damage.
"We will put blame, liability, and those kind of things over to the side. That's not our concern right now," he said.
But the April 20 explosion aboard Deepwater Horizon has left BP, rig owner/operator Transocean and oilfield services contractor Halliburton pointing fingers at each other over the cause of the blast. The doomed rig's chief electronics technician told the CBS news program "60 Minutes" on Sunday that Transocean was being pushed to complete the well quickly because it was taking longer than expected -- an allegation Suttles would not discuss during an appearance on "American Morning."
"I know people are talking about various things that occurred that night on the rig, but I actually haven't seen any of the results of these interviews or investigations ... I don't actually have any knowledge that that was the case," he said.
President Obama has decided to establish a presidential commission to investigate the disaster, an administration official told CNN.
The panel will explore "a range of issues," including federal oversight of offshore oil drilling, safety aboard rigs and environmental protection, said the official, who spoke on condition of anonymity ahead of an official announcement.
And a top official of the Interior Department agency that oversees offshore drilling is retiring a month earlier than planned.
Chris Oynes told his bosses after the Deepwater Horizon explosion that he would retire at the end of June, an administration official told CNN, but announced Monday that he would step down at the end of May instead.
Oynes has been associate director of the Minerals Management Service's Offshore Minerals Management Program since 2007. In the past, critics have accused MMS of being too cozy with the industries it regulates. Most infamously, a 2008 report from the Interior Department's inspector-general found MMS employees received improper gifts from energy industry representatives and engaged in illegal drug use and inappropriate sexual relations with them.
I am on the same page as you chicago, Ive checked them out. many companies have subs that do different things and the offices are the same etc. That is a standard business practice in the contracting arena. Its just some peeps have self proclaimed superior knowledge about things and have no idea what they are talking about. So when that happens I like to get their idea of "good" and "bad".
not accurate,
they didn't "Plug it" they restricted the flow by 2% with a "straw" which is a 4" siphon in a 20" pipe.
unfortunately No plug.
Watching countdown and they are talking about dispersants and how there is much better types than the type they are using because of the toxicity.
It was said that there are some that are more environmentally friendly and should be used. Looks like the the pressure will be on BP for a more enviro friendly solution. ACLH will be in the top 5 for that IMO.
We didn't roll today but I think the engine is tuned and a supercharger is being installed now just waiting
So what stocks would you recommend? You seem to be up on whats what and who's who's with this stuff.
I dont think there is enough contractors in the US to service this mess.
I still don't think the people are understanding the scope of this disaster. I think the focus is on getting it capped and all will be well.
All is not well, when the weather changes it will start pushing the qazzillion gals on shore.
Then people will get a wake up call.
Most equipment that is soaked in oil because of operations within the area needs to be cleaned off after it returns back from operations. You just don't leave equipment a mess because it has to go out the next day. Most equip isnt designed to be operated continuously in a bath of oil.
Also, as far as I know port operations haven't been halted so many of the cargo ships moving further up the mississippi need to be cleaned off before they move up river.
I agree but I don't want to state as fact that the contracts are a done deal unless it is official. But I feel there's a very vary good chance all is well given what BP is up against.
Then add in the BP contracts if approved and we get a sweet ride on the bigger CA
boards. IMO
Thats good BP, that just leaves the qazillian gallons of oil that now floats on the surface.
yes and remember this is going to encompass a 5 state area of remediation.
Yes, they can clean ships, sand, docks, buoy's, lighting, signs, tanker hulls, shrimp boats, tugs, pleasure craft, coast guard vessels, pumps, houseboats, nets, booms, props ,motors, engines, cranes, lift straps and equipment, beach oil clean up heavy equipment, etc etc etc.
Anything that touches that water will be contaminated with oil, not much equipment specs are ok with that and will be needed to be cleaned.
Again this is not your "average" run of the mill hazwaste spill.
Yea but as was said that is a simplistic view and not accurate. BP doen't have to have any rhyme or reason to contract anyone. Maybe they like the way ACLH's fluid's smell who knows ?
The point is this is a all hands on deck, red alert situation and needs to be dealt with, no matter who is doing it.
So what is your MO in advising us of this situation you feel so strongly about? Are you selling shares in another company or just educating us for S & G's.
Because it happens all the time. Many people don't know this but big companies contract out most of their work. They are the Prime contractor and sub a lot of the work. Raytheon does it, EXXON does it, BP does it ALL THE TIME. lol
Plus big companies get tax breaks to hire small companies is some cases, and if it is a GOV contract they MUST contract out a certain percentage to small "pinky under 100 employee companies" FYI.
They are going to need a 100 times more than that. What do you think BP is going to pay them with, tar balls?
Theres money in the contract, plenty of unemployed people in the area who need jobs. I was a project manager on several projects and could ramp up a project in less than a week if I had to.
They can do it , they just need the go ahead.
They fit in where BP, who asked them to perform the testing BTW, want them to fit in. I bet there isn't enough employees in those companies you listed combined to handle this mess. IMO
MANY contracts will be available for a long time with this situation. IMO
Exxon was disaster on a different scale.
Was closer to the shoreline I believe.
Was contained as far as the oil was in a tanker leaking, so the leak location and access was a bit easier to manage.
Was limited in scope ( a finite amount of oil leaking)
was in a mostly low population center compared to a 5 state zone of hazard.
wasn't at the souths largest hub of shipping
and didn't connect the rest of the US from the mouth of the Mississippi river.
I don't think people are realizing the magnitude of this mess. IMO
This situation needs to be dealt with as a red alert not a yellow alert.
GL
There is a lot of quick upgrading of their paperwork status on ACLH's part. There must be something really, really big brewing for the urgency of this to happen.
It might be a open ended contract, RM, or partnership of some kind and they have to get their paperwork in order to go forward.
I think with the extent of this situation anyone in the business of oil cleanup, rookie or not is going to see huge contracts at hand.
BP is going to need all the help they can get.
ACLH probably has one of the BEST products to help with the problem. I don't think BP is going to pass this by. The deal is real IMO and we will see some nice SP movement coming next week.
"what's a huge market cap without revenues to support it. if you listen to the news you will find that the govt and bp are still soliciting ideas for the best way to cleanup."
Bp invited them to do the testing. They probably have one of the best solutions for the cleanup.
"it will be a while before contracts are awarded."
I don't think BP has the luxury of time at up to 70k barrels flowing a day.
"they are looking for companies that not only can clean the oil from the shores and water, but do so with preserving the oil."
Thats exactly what ACLH's product does.
"there are 4 companies that were recently profiled with this ability and none of them were public companies. bp is not going to just hand over dollars to pink sheet operations imo."
They have worked with BP before as well as some of the other big oil companies and why should that matter? If they have the right stuff the details will work out regardless.
" i think that once the split situation is clarified, things are going to get ugly. all imho."
I think with the scope of this disaster its not going to matter either way. IMO
GLTA