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Well now that the news is actually on the stock boards in the form of an 8-k lets see if we get more of a bounce today... Hoping it gets people's attention now that it is an actual sec filing!
Concho stock ticker CXO
16 billion dollar market cap!
Not a bad customer if I do say so myself!
Thinking this is client number one... Still digging on client number 2!
http://www.concho.com/concho/files/f9/f9d58cfa-0bd8-4ce8-96bb-4a34e44251db.pdf
I agree ... Was trying to locate our 2 new clients based on the well counts given in the PR and stumbled on that ...
If anyone has any ideas on the customers let me know! I am digging over here...
Trying to research to see if I can figure the customers out and found this article...
Anther large project in an area where we already have a depot! 4000 well project in the Uinta basin!
http://www.sltrib.com/news/3751969-155/new-4000-well-drilling-project-proposed-for
And for the record I hate autocorrect...
Lol
Could not agree more... We now have 3 large oil drillers in our portfolio. The barriers have been broken as Lavance said...
Due to consistent price pressure producers are looking for efficiency and cost savings and there is no other product on the market like ours that can give both.
The completion is 3x the cost and 100x the downtime for maintenance. Not to mention the savings from the improved efficiencies while the well is operational, savings from breakdown of wells over time and savings from recycling the toxic water or savings from employee health risks...
We have turned the corner and today is an absolutely amazing event.
You have to be instance to think breakeven is not coming at this point. We have been beating on the door of the largest producers for years and we have finally been let in!
Any one of our three largest customers has enough wells to take us to a PPS of $3+ on their own. I have never felt better owning this stock than today!
We better! This is seriously good news! We have our foot in the door with 3 customers that could sustain us on their own...
This is going big very quickly!
Wow! I would expect more bids to be piling in than that... Likely the 10k blocks are larger... But still surprises me!
I don't get it either... I see it like this... With EP still in the mix we now have 3 large customers...
If we hit it big with 1/3 we are well over a dollar per share just with the wells that are in the basins we already support!
1/3 - I like those odds! And even with 1/3 if we get more wells in other basins it gives us enough to go well above $5.00.
That last assuming we do well with 1 of these 3 customers!
I like our odds!
Finally, the news we have been waiting for!
2 large customers have signed on the dotted line. Over 5000 wells available nationwide and 1785 in the Permian (where we already exist!) available...
We got a foot in the door finally... If we capture just these 1785 wells our stock price is $1.50 not even counting other customers!
I could not be more excited right now!
IEVM
UP 86% on great news and breakeven by EOY!
LITTLE RIVER, S.C., July 18, 2016 /PRNewswire/ -- Integrated Environmental Technologies, Ltd. (OTC QB: IEVM) ("IET" or the "Company"), a specialty chemical supplier providing EPA-approved, cost-effective, environmentally responsible cleaning and disinfecting solutions primarily to the oil and gas industry, today announced that it has signed two Master Service Agreements ("MSA") with two new customers - an independent oil and natural gas company whose primary operations are focused in the Permian Basin, notable for having launched one of the most active drilling programs in both Texas and New Mexico with over 5,700 producing wells; and an independent oil & gas company whose current well count totals approximate 5,285 nationwide across 10 basins, of which approximately 1,785 wells are located in the Permian Basin. During the next thirty days, IET expects to begin Excelyte® treatments under these newly executed MSAs on an initial battery of 8 wells in the Texas Permian region and an initial battery of 8 wells in the New Mexico Permian.
"A notable trend has been developing within our current and potential customer base: a rigorous push towards cost-effective solutions. The second greatest cost associated with operating a typical well is its on-going chemical treatment program. IET's Excelyte® program has been proven to generate significant cost savings to the well operator because the treatment is substantially less expensive than the competition, uniquely effective in eliminating H2S, and significantly reduces bacteria. Importantly, ongoing maintenance treatments of Excelyte® materially reduce corrosion of well parts and equipment," commented David LaVance, President and Chief Executive Officer of Integrated Environmental Technologies, Ltd. "IET is gaining recognition by some of the larger operators, and, we are happy to note, our opportunity pipeline is growing, the number of well treatments is increasing and, importantly, the quality of our revenues is improving. During the introductory phase of Excelyte® in 2015, we naturally were given the most challenging well projects whose life-expectancy was limited. With validation achieved during 2015 and 2016, we are experiencing increased opportunities with larger producers treating larger fields with longer-term producing wells. We are experiencing recovery from the lows of the beginning of the year and continue to target cash flow breakeven during December 2016."
IEVM
UP 86% on great news and breakeven by EOY!
LITTLE RIVER, S.C., July 18, 2016 /PRNewswire/ -- Integrated Environmental Technologies, Ltd. (OTC QB: IEVM) ("IET" or the "Company"), a specialty chemical supplier providing EPA-approved, cost-effective, environmentally responsible cleaning and disinfecting solutions primarily to the oil and gas industry, today announced that it has signed two Master Service Agreements ("MSA") with two new customers - an independent oil and natural gas company whose primary operations are focused in the Permian Basin, notable for having launched one of the most active drilling programs in both Texas and New Mexico with over 5,700 producing wells; and an independent oil & gas company whose current well count totals approximate 5,285 nationwide across 10 basins, of which approximately 1,785 wells are located in the Permian Basin. During the next thirty days, IET expects to begin Excelyte® treatments under these newly executed MSAs on an initial battery of 8 wells in the Texas Permian region and an initial battery of 8 wells in the New Mexico Permian.
"A notable trend has been developing within our current and potential customer base: a rigorous push towards cost-effective solutions. The second greatest cost associated with operating a typical well is its on-going chemical treatment program. IET's Excelyte® program has been proven to generate significant cost savings to the well operator because the treatment is substantially less expensive than the competition, uniquely effective in eliminating H2S, and significantly reduces bacteria. Importantly, ongoing maintenance treatments of Excelyte® materially reduce corrosion of well parts and equipment," commented David LaVance, President and Chief Executive Officer of Integrated Environmental Technologies, Ltd. "IET is gaining recognition by some of the larger operators, and, we are happy to note, our opportunity pipeline is growing, the number of well treatments is increasing and, importantly, the quality of our revenues is improving. During the introductory phase of Excelyte® in 2015, we naturally were given the most challenging well projects whose life-expectancy was limited. With validation achieved during 2015 and 2016, we are experiencing increased opportunities with larger producers treating larger fields with longer-term producing wells. We are experiencing recovery from the lows of the beginning of the year and continue to target cash flow breakeven during December 2016."
Great news today!
LITTLE RIVER, S.C., July 18, 2016 /PRNewswire/ -- Integrated Environmental Technologies, Ltd. (OTC QB: IEVM) ("IET" or the "Company"), a specialty chemical supplier providing EPA-approved, cost-effective, environmentally responsible cleaning and disinfecting solutions primarily to the oil and gas industry, today announced that it has signed two Master Service Agreements ("MSA") with two new customers - an independent oil and natural gas company whose primary operations are focused in the Permian Basin, notable for having launched one of the most active drilling programs in both Texas and New Mexico with over 5,700 producing wells; and an independent oil & gas company whose current well count totals approximate 5,285 nationwide across 10 basins, of which approximately 1,785 wells are located in the Permian Basin. During the next thirty days, IET expects to begin Excelyte® treatments under these newly executed MSAs on an initial battery of 8 wells in the Texas Permian region and an initial battery of 8 wells in the New Mexico Permian.
"A notable trend has been developing within our current and potential customer base: a rigorous push towards cost-effective solutions. The second greatest cost associated with operating a typical well is its on-going chemical treatment program. IET's Excelyte® program has been proven to generate significant cost savings to the well operator because the treatment is substantially less expensive than the competition, uniquely effective in eliminating H2S, and significantly reduces bacteria. Importantly, ongoing maintenance treatments of Excelyte® materially reduce corrosion of well parts and equipment," commented David LaVance, President and Chief Executive Officer of Integrated Environmental Technologies, Ltd. "IET is gaining recognition by some of the larger operators, and, we are happy to note, our opportunity pipeline is growing, the number of well treatments is increasing and, importantly, the quality of our revenues is improving. During the introductory phase of Excelyte® in 2015, we naturally were given the most challenging well projects whose life-expectancy was limited. With validation achieved during 2015 and 2016, we are experiencing increased opportunities with larger producers treating larger fields with longer-term producing wells. We are experiencing recovery from the lows of the beginning of the year and continue to target cash flow breakeven during December 2016."
What a difference a day makes! What's l2 look like now?
Awesome! I thought the news was good! No reason to go down as a result of that news...
That was free money yesterday! Wish I had the cash!
Exactly as anticipated the well has dried up more though... No one selling into the bid and now fewer shares available for general consumption... Float just decreased further...
Crazy day yesterday, but no negatives for longer term investors! Company is stable and we are headed towards profitability!
Hope no one here gave their shares away!
GLTA! God bless and have a great weekend!
Just glad to see no one selling into the bid...
Total anomaly yesterday imo...
News was a mixed bag of positive (stability) and negative (dilution)...
No reason for shares to decrease...
Profitability is coming and likely sooner than December! Hoping for end of Q3. Q2 will beat expectations...
Even baking the dilution in I have us at $.20 by year end at breakeven. Big we outpace, which I am counting on then we will be even higher!
Yesterday was an overreaction by weak investors! Stand firm and we will be fine!
I am not worried!
And now we sit here quietly! I know Friday's are slow, but you would expect some kind of carry over from Yesterday...
What's l2 look like?
Oh sweet! Thanks for info!
The asks are still good! People just panicked based on the PR. They gave away their shares... This will be my last post today!
Take a moment and think it through... The risk is off the table...
We have enough cash to make it to EOY where breakeven is forecasted...
And do your due diligence and call the IR on this you will find out that we are ahead of pace on our profitability trajectory...
People make no sense sometimes...
4 weeks from now we will be triple these levels when the revenues come out ...
Eoy we will be 20x these levels minimum...
God bless and GLTA!
No reason for this today guys! Profitability by year end!
Looks like the chaos is over. A few people got scared and gave their shares away....
I would be jumping all over anything I could get less than .02 right now.b the company is reiterating profitability and now has secured the financing to get to the end of the year! I could not be happier today!
Let's close green! We will be 20x this in 6 months!
And the .012 just moved out of the way? Up to .015?
Maybe some manipulation here?
So few investors here that I guess people can start naming their prices...
Sometimes "tree shakes" like this just help people secure larger positions and the small guys bail... So a tough day like this can end up being a good thing in the end. If you get enough people that are in it for the long haul maybe the volatility will lessen...
We just need some bids here and we can close green!
I would if I could... Next ask is .0189... You control your price if you do it...
I would imagine we are seeing consolidation with longer term investors... So you would have less competition on the ask side which recent trading days have confirmed...
I am trying to free up some money!
Well the .0119 is gone ... The question is how big is the .012...
And why would he stay there? There is no other ask until .021... He needs to move that ask up!
Right... Wonder what happens if someone Takes those out?... Only 500 bucks... Wish someone would do it!
Seems like we have leveled off here... We saw something similar back in April and closed higher for the day once the dust settled...
Hoping for the same here!
I don't think they had much leverage here... I agree with your assessment, but also see things differently...
They got .01 per share on the deal. While this does dilute us a bit it also reduces any risk we had financially between now and breakeven...
So this inherently increases company value by a reduction of risk... Whoever gave us the financing had to think they were going to get an ROI that was worth their time too...
Financing arrangements are always a double headed monster... While dilution is tough it is also confirmation that someone with inside knowledge saw us as a worthy investment. Meaning someone who got all the Intel they could possibly want gave money because they agree that the company is going to achieve breakeven in December!
I see this as a major hurdle that we have just overcome. We are so close and we have secured the finances to get to the finish line!
So I don't see why we have to stay here. Confidence is growing and breakeven is nearer! A sales update would give us a nice shot in the arm! We have a report due out in 30 days...
Hahahahah so no new sellers...
This stock is so funny... Just reiterates we are suffering only because of low volume and a few people getting spooked!
What do the asks look like on l2...
Nice to see some bids coming in... These prices are ridiculous...
Agreed, just upset to not see bid support...
But this is how the slow months go...
There is a steal sitting there for someone!
It just makes no sense to sell at these levels...
People make no sense to me...
Yup, trying to free up some money right now man... I wish I had more here...
Amazing that people sell their shares this cheap on days when the company posts news about profitability...
Do people not pay attention or is 5 months too long to wait for a 20x growth in PPS
I don't get it... I mean maybe you have a few more weeks, but why take the chance???
Agreed! Costs are down to 155k a month so 1.9m if you annualized that...
And my favorite part of the article is:
"Given the decrease in our operating expenses and our current revenue trajectory, we believe that the funds we have secured today should carry us into the month of December when we anticipate achieving cash flow breakeven," commented David LaVance, President and Chief Executive Officer of Integrated Environmental Technologies, Ltd."
2m in sales by year end (only 5 months away) will put us in the $0.25 - $0.30 range minimum.
Could not be happier... Gonna see if I can free up some funds and add... It's gonna be tough, but this is happening soon!
http://ir.ecotreatments.com/press-releases/detail/85
So yet another press release reiterating breakeven by year end..
Company also saying they have the cash to get to breakeven now without any other moves
So no more dilution between now and year end...
Costs are down... Profitability on the horizon. Profitable in less than 6 months. Don't be a fool and miss out here guys...
Good article to reiterate that growth in the US that is driving global crude down... So even with falling crude prices, production is growing in our field!
https://www.google.com/amp/www.marketwatch.com/amp/story/
Perfect write up Gary. The decline has been in the last 9 months because people were expecting profitability last year and it dis not materialize...
Stock always hovered around the $.07-.08 range because that is and was the safety zone for a buyout... The company will get at least $25m on a buyout...
I know the company could have likely done a better job, but the true driver was the collapse in oil. The company has been very aggressive in keeping costs down and is doing everything to hit profitability by year end. I think they will beat their goal and achieve sooner... They even patented a few additional maintenance protocols in the first few months of the year and opened up another depot.
Lavance knows what needs to be done and is being more aggressive than ever. Getting Crady out was a good first step. Upgrading the IR contact has improved transparency. Reducing cash burn by salary reductions/deferments was huge. They are committed!
They are giving the investors what is needed... No reason to be trading below $.07-.08... That has been and always will be our worst case safety net.
Still calling for $.30 + by year end!
Also, Yvonne (IR) has confirmed company is still on track and that MSAs are coming in. Company is required legally to issue a statement of they fall off of this trajectory...
She said the company has had a V shaped recovery consistent with what we have seen in crude.
People can be mad that this has been a slow process or take advantage of a unique buying opportunity.
That's just it...
We know revenues have had to have picked up or we would have seen something...
Everyone's first quarter was awful because of the downturn in oil...
There are legitimate concerns here, but they are way overblown at this PPS. I have taken advantage and added tremendously.
I do not foresee any further dilution. The company is confident in breakeven by year end and has tremendously slashed cash burn. Infrastructure is in place, testing is done. Master service agreements are coming in. Customer feedback is amazing.
We will be fine in the end. Frustrating that it took this long? Absolutely ... But also glad I got the opportunity to add to my position at these levels!