I agree. I am glad the stock has not taken off because I continue to accumulate. It trades so thinly it is hard to get any cheap shares. I probably bought 25% of the shares traded since their first eanings announcement for 2010 a wekk ago. I love what they are doing. I think they are on track to do 15 million or more this year. With the new approved site coming online this year that should boost 2012. Their business continues to grow each quarter. Their current sites can handle a lot more capacity. I think they are always looking to expand their business by looking for new sites to aquire.
US drilling activity increased by 13 units to 1,713, up dramatically from 1,282 rigs drilling in the comparable week last year, Baker Hughes Inc. reported.
The Eagle Ford shale play in their neck of the woods seems very promising.
In 2010 in the Eagle Ford, 1,018 drilling permits were issued through November, up from 94 the year before, and output of crude oil, condensate and other liquids nearly quadrupled to 3.9 million barrels, according to Texas Railroad Commission data. About 115 rigs are working in the area now, and companies so far have drilled several hundred wells. While that’s still below more developed shale plays, it’s likely a small taste of what’s to come. Many oil and gas companies plan to boost spending significantly and increase the number of drilling rigs they’re deploying to the area next year, even as they’re pulling back in gas fields elsewhere.
