Koil Energy Solutions Inc. (KLNG)

[UHCougar]

I still think anything less than $3 is a good buy. My price target is $4-$5 once the street catches on to this one.

FY2013 EPS Low Estimate = $0.15 ($34 mill revenue x 8% PM/ 15.2 mill O/S) x 25x P/E = $3.75 PPS

FY2013 EPS High Estimate = $0.20 ($38 mill revenue x 8% PM/ 15.2 mill O/S) x 25x P/E = $5.00 PPS

What will largely determine the PPS is the P/E the market assigns to the company. For all the subsea/offshore companies that I've seen, 25x appears to be around the industry average.