Omni Energy Services Corp (fka OMNI)

[Call Stocks To Arms]

Start of new week with the pullback of oil to $73 and change which is the only reason I could find for the drop of OMNI to the intraday low of 11.21 (as of mid-afternoon). This is despite the fact that the demand for oil does not show signs of abating, refinery capacity is low, and the economy remains quite strong.

We are about to start the earnings season. High guidance has been given but if OMNI happens to exceed it then $15 in next quarter will not be a question.