Koil Energy Solutions Inc. (KLNG)

[1918forever]

I posted the Acergy note below:

"Across the industry, project awards continue to be delayed. This has somewhat impacted our backlog progression, following the material increases at the end of 2007 and early 2008. These project award delays, combined with the arrival of additional tonnage, may have further impact in the coming months. However, we believe this represents only a short-term challenge for ourselves and the industry and it should not be seen as indicative of change in the medium and long-term market prospects which remain robust."

I was simply quoting what was posted...this in my eyes is extremely bullish news for DPDW (as was commented by another poster) for the following:

- Long-Term deep drilling services appear ripe for growth
- Delays in project awards will only grant DPDW more time (after all it is still in its growth phase - with 3 acquisitions in under a year
- $100 Oil will be the new floor...so the longer it takes for oil to be deep drilled the more pressure these so called backlogs will add to the supply/demand balance.