Replies to post #47622 on Koil Energy Solutions Inc. (KLNG)

[xZx]

skyyy, maybe panic isn't the best idea:

http://finance.yahoo.com/expert/article/yourlife/62337;_ylt=An3eGePsFwj6RamULwRFJou7YWsA

i think world markets are catching up with those in the US. if ben bernake does a hefty intra-meeting cut we could see the bid returning to the markets and a leveling off.

DPDW has contracts booked years in advance. no matter where the markets go in the near term, in places like asia, latin american, russia, etc., no one is going to stop using oil any time soon. jmho.

[techisbest]

skyyy: Brikk is right, if the PPT team steps in there could be a temporary move up. I think it will be temporary.

But there may be problems getting this congress to move.

I think a downward trend channel from the highs, along with some horizontal support, puts support near $.50.

Do I want to see that? No. I'd love the company to come out with news that negates this.

But that's what the chart says to me.

[MossyOak]

World markets crushed today!! Well, somebody is still spending and making money!!!!

Petrobras Awards Technip $300 Million in Ultra-Deepwater Contracts

Technip has been awarded two major contracts by Petrobras America, a subsidiary of Petrobras, worth a total of over USD 300 million, for the development of the Cascade and Chinook gas fields, located in the Walker Ridge area of the Gulf of Mexico, in 8,200 and 8,800 feet of water, respectively.

http://www.rigzone.com/news/article.asp?a_id=55536