Companies like Halliburton, Siemens & BakerHughes, to name a few of the deep pocket dominant players, are always looking to acquire new technology. IMO, the technology is worth at least 7 x's projected revenues. So what's ESPH really worth ? IMHO, the 2010 revenue projections are just a spit in the bucket. Why would Dennis and the boys reach out to a company like Simmons ? I suspect, and it's just a hunch now, that Dennis & Co. has big oil lined up around the block like a sold out "Rolling Stones" concert ! Dennis knows exactly what he and the rest of the R&D team (Janjeev) created.....and it's a MONSTER.
Revenues, in my opinion will exceed $65,000,000 in a very short period of time. Technology like this produces billions in revenue not to mention the huge reduction in on-site completion costs. Given that, my target on the stock is $4.14 on a buy out (all cash deal). Any official news on something like this would move the stock well over that amount. I personally think that the stock would be worth 12 x's my revenue projection if Dennis decided to grow EES organically with the help of one strategic partner and I'm not talking about Drew and the rest of the retired NFL. I'm talking about companies like Halliburton, Siemens & BakerHughes....maybe even GE. The right match will produce 100's of millions in annual revenue. OFFICIAL DISCLAIMER: I am not an accountant, industry analyst, insider or some guy just trying to pump a stock. I am just some ordinary schmo that thinks he stumbled across the hottest
technology that this industry has ever seen !
