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[kipp440]

NGS listed as #3 in IBD top 100!

Natural gas services is a fairly new company based in Midland, TX. I invested pre IPO and still hold notes/warrants. I was pumped to see NGS listed as #3 in IBD 100 this morning. The basic story of the company goes like this:

UCO and HC are the big boys in the business. They run big trucks with 2 technicians and service BIG compression units. NGS carved out a niche in the small compressor business. They developed a unit that uses a 350cid chevy engine block, set it up to run on natural gas, and mate it to a proprietary "screw" compressor. They are able to send one technician out in a Dodge Cummins Turbo Diesel 1 ton Truck w/multiple units. The company has grown internally and through acquisitions.

Here's the best part: The pipeline pressures have been increasing as more and more compressors are added to gas wells that would have been capped at <$3.00 gas. The sales pitch goes like this: "Sir, I see that you have 15 small gas wells that were capped 3-7 years ago. We could lease you 15 small compressor units, covered by a service agreement, for a cost per month of $1,300ea. At $8.00 gas you can collect a check for $4,000 to $6,000 on each well. We can start with one on a trial basis and if you DON'T see these kinds of returns we'll remove it for free. If you DO get these returns we'll do all 15 wells for you as units come off our assembly line."

THIS COMPANY IS DRINKING WATER FROM A FIRE HOSE!

I think these guys are getting looked at by the big boys and may even be a buy out candidate.

Web link to their site: http://www.ngsgi.com/wellmaker.htm

Yahoo profile: http://finance.yahoo.com/q/ks?s=NGS

How fast can they grow is the question.

Kipp