MOP Environmental Solutions (MOPN)

[WOLDUMAR]

Friday, May 7th, 2010
Oil Clean-Up Stocks Could Rally Higher as Oil Spill Worsens


With the unprecedented oil spill in the Gulf of Mexico continuing to make headlines, many oil spill clean-up stocks like MOP Environmental Solutions, Inc. (PINK:MOPN),
Currently, the oil spill is leaking some 5,000 barrels of crude per day into the Gulf of Mexico, as the first waves of oil wash on shore in Louisiana and other coastal states. Meanwhile, BP’s efforts to install a shutoff valve on one of the three underwater leaks are a difficult endeavor that many engineers say may not work.
Estimated costs for the oil spill have ranged from under $1.1 billion by analysts at Citigroup to $3.5 billion by Morgan Stanley, but true estimates are difficult to assess until the well has been capped or a second well can be drilled to relieve the pressure. As a result, many oil clean-up stocks have been rallying higher as the potential clean-up costs continue to increase.
MOP Environmental Solutions, Inc. (MOPN, Free Analysis) confirmed earlier this week that it has been designated a “Resource” by both BP and the U.S. Coast Guard \l "" to assist when needed for the clean-up efforts in the Gulf of Mexico. The news comes after the firm responded to three separate bid requests for large orders of booms with its MOP Maximum Oil Pickup product.