ALY tecnoligy...
It really isn't a tech race in the oil patch,,, afterall they have been mudding and drilling the same way for years,,,Even sesmic hasn't changed that much EXCEPT now old formations that were just too deep in formation when charted are being drilled below existing holes... Old Tidewater Oil company wells have been drilled 12,000 to 15,000 feet below existing production with sucess... Air drilling has been done in rock formations for years by Utility Cos... for at least 25 years that I know of and when it was used in the oil patch it was called rat hole drilling... Drilling pipe goes down,, mud goes in ,,,the well is fracked,,,casings are created,,,and the oil is removed,, and if the driller is sucsessful a pipe line is created,,,Each and every step is one of relationships,,,, When I was a broker we loved oil stocks because oil men were promoters,,,customers were optimists and if it all came together that oil patch could be valued and sold on cash flow values... In the meanwhile,,, Every one's juices flowed... Be carefull,,,DD is the most important element... The relationship the service company has with it's customer is the second most important...The recent purchase made by ALY from Chevron has a built in business and a relation ship with Chevron that gives ALY an edge on Chevron contracts... This is the way ALY has been built with most purchases being made with a sustantial player on the other side of the trade... Hank
News 
Market Data 
Discover 
AI
