This month's see-saw in the Dow Jones Industrial Average (DJINDICES: ^DJI ) has turned triple-digit movements into an everyday occasion. We're on pace for another such day today, with a report from China saying the government will push to stabilize lending rates easing Wall Street's fears of a credit crunch in the world's second-largest economy. The Dow's up 149 points as of 2:20 p.m. EDT, and nearly every stock on the blue-chip index is in the green. Forget all of last week's fuss over quantitative easing; Wall Street has moved on. Let's look into the stories you need to know about today.
Alcoa can't capitalize
Good news out of China usually means good things for Alcoa (NYSE: AA ) , but that isn't the case today. The aluminum producer's shares have fallen 2.2% -- the worst performance on the Dow today -- as a glut of oversupply and lukewarm demand continues to slam the materials sector. Even worse, one of Alcoa's only promising markets, the U.S., added to its woes today: American GDP growth for the first quarter was revised down to 1.8% from a previous estimate of 2.4%. The disappointing GDP number owes primarily to reduced consumer spending, but it's still an unneeded hindrance for Alcoa, considering the firm's reliance on healthy economies for its own growth.
Best Casino Companies To Watch For 2015: RPC Inc (RES)
RPC, Inc. (RPC), incorporated on January 20, 1984, is a holding company. The Company provides a broad range of specialized oilfield services and equipment primarily to independent and oil and gas companies engaged in the exploration, production and development of oil and gas properties throughout the United States, including the southwest, mid-continent, Gulf of Mexico, Rocky Mountain and Appalachian regions, and in selected international markets. The Company operates in two business segments: Technical Services and Support Services.
The services and equipment provided include, among others, pressure pumping services,downhole tool services coiled tubing services, snubbing services (also referred to as hydraulic workover services), nitrogen services, the rental of drill pipe and other specialized oilfield equipment, and well control. RPC acts as a holding company for its operating units, Cudd Energy Services, Patterson Rental and Fishing Tools, Bronco Oilfield Services, Thru Tubing Solutions, Well Control School, and others.
Technical Services
Technical Services include RPC�� oil and gas service lines that utilize people and equipment to perform value-added completion, production and maintenance services directly to a customer�� well. The demand for these services is generally influenced by customers��decisions to invest capital toward initiating production in a new oil or natural gas well, improving production flows in an existing formation, or to address well control issues. This business segment consists primarily of pressure pumping, downhole tools, coiled tubing, snubbing, nitrogen, well control, wireline and fishing. The principal markets for this business segment include the United States, including the southwest, mid-continent, Gulf of Mexico, Rocky Mountain and Appalachian regions, and in selected international markets. Customers include multi-national and independent oil and gas producers, and selected nationally owned oil companies.
Fracturing services are performed to stimulate production of oil and natural gas by increasing the permeability of a formation. Fracturing is particularly important in shale formations, which have low permeability, and unconventional completion, because the formation containing hydrocarbons is not concentrated in one area and requires multiple fracturing operations. The fracturing process consists of pumping fluid gel and sometimes nitrogen into a cased well at sufficient pressure to fracture the formation at desired locations and depths. Sand, bauxite or synthetic proppant, which is often suspended in gel, is pumped into the fracture. When the pressure is released at the surface, the fluid gel returns to the well surface, but the proppant remains in the fracture, thus keeping it open so that oil and natural gas can flow through the fracture into the production tubing and ultimately the well surface.
Acidizing services are also performed to stimulate production of oil and natural gas, but they are used in wells that have undergone formation damage due to the buildup of various materials that block the formation. Acidizing entails pumping volumes of specially formulated acids into reservoirs to dissolve barriers and enlarge crevices in the formation, thereby eliminating obstacles to the flow of oil and natural gas.! Acidizin! g services can also enhance production in limestone formations.Throug. TTS provides services and downhole motors, fishing tools and other specialized downhole tools and processes to operators and service companies in drilling and production operations, including casing perforation at the completion stage of an oil or gas well. The services that TTS provides are especially suited for unconventional drilling and completion activities.
Coiled tubing services, involve the injection of coiled tubing into wells to perform various applications and functions for use principally in well-servicing operations and more recently to facilitate completion of horizontal wells. Coiled tubing is a flexible steel pipe with a diameter of less than four inches manufactured in continuous lengths of thousands of feet and wound or coiled around a reel. It can be inserted through existing production tubing and used to perform workovers without using a larger, more costly workover rig. Principal advantages of employing coiled tubing in a workover operation include: not having to shut-in the well during such operations, the ability to reel continuous coiled tubing in and out of a well significantly faster than conventional pipe, the ability to direct fluids into a wellbore with more precision, and enhanced access to remote or offshore fields due to the smaller size and mobility of a coiled tubing unit compared to a workover rig.
Snubbing involves using a hydraulic workover rig that permits an operator to repair damaged casing, production tubing and downhole production equipment in a high-pressure environment. A snubbing unit makes it possible to remove and replace downhole equipment while maintaining pressure on the well. Customers benefit because these operations can be performed without removing the pressure from the well, which stops production and can damage the formation, and because a snubbing rig can perform many applications at a lower cost than other alternatives. There are a number of uses fo! r nitroge! n, an inert, non-combustible element, in providing services to oilfield customers and industrial users outside of the oilfield. For its oilfield customers, nitrogen can be used to clean drilling and production pipe and displace fluids in various drilling applications.
For its oilfield customers, nitrogen can be used to clean drilling and production pipe and displace fluids in various drilling applications. Increasingly, it is used as a displacement medium to production in older wells in which production has depleted. It also can be used to create a fire-retardant environment in hazardous blowout situations and as a fracturing medium for its fracturing service line. In addition, nitrogen can be complementary to its snubbing and coiled tubing service lines, because it is a non-corrosive medium and is frequently injected into a well using coiled tubing. For non-oilfield industrial users, nitrogen can be used to purge pipelines and create a non-combustible environment.
Cudd Energy Services specializes in responding to and controlling oil and gas well emergencies, including blowouts and well fires, domestically and internationally. In connection with these services, Cudd Energy Services, along with Patterson Services, has the capacity to supply the equipment, and personnel necessary to restore affected oil and gas wells to production. During the past several years, the Company has responded to well control situations in several international locations including Algeria, Argentina, Australia, Bolivia, Canada, Colombia, Egypt, Kuwait, Libya, Mexico, Qatar, Taiwan, Trinidad, Turkmenistan, Tanzania, Abu Dhabi and Venezuela.
Wireline is classified into two types of services: slick or braided line and electric line. In both, a spooled wire is unwound and lowered into a well, conveying various types of tools or equipment. Slick or braided line services use a non-conductive line primarily for jarring objects into or out of a well, as in fishing or plug-setting operations. Elect! ric line ! services lower an electrical conductor line into a well allowing the use of electrically-operated tools such as perforators, bridge plugs and logging tools. Wireline services can be an integral part of the plug and abandonment process, near the end of the life cycle of a well.
Fishing involves the use of specialized tools and procedures to retrieve lost equipment from a well drilling operation and producing wells. It is a service required by oil and gas operators who have lost equipment in a well. Oil and natural gas production from an affected well typically declines until the lost equipment can be retrieved. In some cases, the Company creates customized tools to perform a fishing operation. The customized tools are maintained by the Company after the particular fishing job for future use if a similar need arises.
Support Services
Support Services include RPC�� oil and gas service lines that primarily provide equipment for customer use or services to assist customer operations. The equipment and services include drill pipe and related tools, pipe handling, pipe inspection and storage services, and oilfield training services. The demand for these services tends to be influenced primarily by customer drilling-related activity levels. The principal markets for this segment include the United States, including the Gulf of Mexico, mid-continent, Rocky Mountain and Appalachian regions and project work in selected international locations in the last three years including primarily Canada, Latin America and the Middle East. Customers primarily include domestic operations of multi-national and independent oil and gas producers, and selected nationally owned oil companies.
Rental tools accounted for approximately 5% of 2012 revenues. The Company rents specialized equipment for use with onshore and offshore oil and gas well drilling, completion and workover activities. The drilling and subsequent operation of oil and gas wells generally require ! a variety! of equipment. The equipment needed is in part determined by the geological features of the production zone and the size of the well itself. As a result, operators and drilling contractors often find it more economical to supplement their tool and tubular inventories with rental items instead of owning a complete inventory. The Company�� facilities are strategically located to serve the staging points for oil and gas activities in the Gulf of Mexico, mid-continent region, Appalachian region and the Rocky Mountains.
Oilfield Pipe Inspection Services, Pipe Management and Pipe Storage includes pipe inspection services include Full Body Electromagnetic and Phased Array Ultrasonic inspection of pipe used in oil and gas wells. These services are provided at both the Company�� inspection facilities and at independent tubular mills in accordance with negotiated sales and/or service contracts. Its customers are oil companies and steel mills, for which it provides in-house inspection services, inventory management and process control of tubing, casing and drill pipe. Its locations in Channelview, Texas and Morgan City, Louisiana are equipped with capacity cranes, specially designed forklifts and a computerized inventory system to serve a variety of storage and handling services for both oilfield and non-oilfield customers.
Well Control School provides industry and government accredited training for the oil and gas industry both in the United States and in limited international locations. Well Control School provides training in various formats including conventional classroom training, interactive computer training including training delivered over the Internet, and mobile simulator training. Energy Personnel International provides drilling and production engineers, well site supervisors, project management specialists, and workover and completion specialists on a consulting basis to the oil and gas industry to meet customers��needs for staff engineering and well site management.
!The Company competes with Halliburton Energy Services Group, , Baker Hughes and Schlumberger Ltd.
Advisors' Opinion:- [By Travis Hoium]
What: Shares of oilfield service company RPC (NYSE: RES ) lost 12% of their value today after the company reported earnings.
So what: Revenue dropped 15% in the first quarter to $425.8 million, well below the $470.1 million estimate. Net income dropped 57% to $35.1 million, or $0.16 per share, and analysts expected a $0.25-per-share profit. �
- [By Tim Brugger]
For the third straight quarter, the board of directors of Atlanta-based oilfield equipment and services supplier RPC (NYSE: RES ) has declared a $0.10-per-share dividend, the company announced today.
- [By Arie Goren]
After running this screen on May 21, 2013, before the markets' open, I discovered the following eight stocks: Sunoco Logistics Partners LP (SXL), Leggett & Platt Inc (LEG), Copa Holdings SA (CPA), RPC Inc. (RES), Tupperware Brands Corp. (TUP), Herbalife Ltd. (HLF), John Wiley & Sons Inc. (JW.A) and C.H. Robinson Worldwide Inc. (CHRW).
Top Promising Stocks To Buy Right Now: Chesapeake Energy Corporation(CHK)
Chesapeake Energy Corporation engages in the acquisition, development, exploration, and production of natural gas and oil properties in the United States. It also provides marketing and other midstream services. The company?s properties are located in Alabama, Arkansas, Colorado, Kansas, Kentucky, Louisiana, Maryland, Michigan, Mississippi, Montana, Nebraska, New Mexico, New York, North Dakota, Ohio, Oklahoma, Pennsylvania, Tennessee, Texas, Utah, Virginia, West Virginia, and Wyoming. As of December 31, 2010, it had interests in approximately 45,800 gross productive wells. The company?s proved reserves include 17.096 trillion cubic feet of natural gas equivalent. Chesapeake Energy Corporation was founded in 1989 and is based in Oklahoma City, Oklahoma.
Advisors' Opinion:- [By Tyler Crowe]
O-H-I-O
While there are many shale formations in the U.S. producing high amounts of condensate, one could benefit from moving condensate to Canada more than the others; the Utica formation. While the Utica hasn't turned out to be the oil play some were hoping it would be, the most lucrative wells in the region are being drilled in what is known as the "wet gas" region of the play. In this region, Utica-heavy operators Chesapeake Energy (NYSE: CHK ) and Gulfport Energy (NASDAQ: GPOR ) have focused much of their attention in this region, because it is believed to generate the highest rate of return for drillers. - [By Matthew DiLallo]
EOG is of course not alone in its quest. The nation's No. 2 natural gas producer, Chesapeake Energy (NYSE: CHK ) , has shifted its focus to developing the oil-rich Eagle Ford. This past quarter the company produced an average of 85,000 barrels of oil equivalent per day, which is up a breathtaking 135% over last year. While we shouldn't expect the rate of growth to continue, however, overall oil production will continue to grow as both companies expect to continue drilling at least for the next decade. That will go a long way in continuing to secure our nation's energy future.
- [By Sean Williams]
The other factor upstream and downstream companies have to keep in mind is maintaining adequate liquidity to make acquisitions, deploy infrastructure improvements, and cover day-to-day expenses. Chesapeake Energy (NYSE: CHK ) , for instance, went on a buying spree last decade, which positioned it as one of the U.S. leaders in natural gas reserves. However, when natural gas prices fell to decade lows last year, Chesapeake didn't have enough cash to cover its 2013 capital expenditures. In response, Chesapeake was forced to raise cash by selling assets.
Top Promising Stocks To Buy Right Now: FLIR Systems Inc (FLIR)
FLIR Systems, Inc. (FLIR), incorporated on March 8, 1978, is a designer, manufacturer, and marketer of thermal imaging systems. The Company�� advanced sensors and integrated sensor systems enable the gathering and analysis of critical information through a range of applications in commercial, industrial, and government markets worldwide. Its business is organized into two divisions: Commercial Systems and Government Systems. Commercial Systems division includes Thermal Vision & Measurement and Raymarine. Government Systems division include Surveillance, Detection, and Integrated Systems. It offers a range of sensor products, including infrared imaging cameras and systems, detector cores, CBRNE threat detectors, test and measurement instruments, radars, maritime electronics, and related products and solutions. On December 20, 2012, the Company acquired Lorex Technology Inc. In December 2012, the Company acquired Traficon International NV. In August 2013, Tessera Technologies Inc announced that FLIR Systems, Inc. acquired a portion of the assets of Tessera's Micro-Optics business based in Charlotte, North Carolina.
Thermal Vision & Measurement
Thermal Vision & Measurement (TVM) products are generally sold for applications where the customer need is to see at night or in adverse conditions or to image a scene while gathering valuable situational and temperature information. The Company�� infrared sensors business, which sells focal plane arrays and camera cores internally, as well as to third parties on an original equipment manufacturer (OEM) basis, is also part of TVM. Its thermal and visible light security products are used to protect critical infrastructure, ports, borders, commercial sites, and residential homes. The Company offers a night vision system for passenger automobiles that provides drivers with the ability to see at night and through obscurants, such as fog, at distances much further and wider than can be seen with traditional headlights. As of December 31, ! 2012, provide camera cores for certain Audi, BMW, and Rolls Royce models through its partnership with Autoliv Electronics, a supplier of automotive safety equipment. The Company offers an integrated suite of maritime electronics that utilizes multifunction displays, infrared cameras, depth sounders, GPS, auto pilots, and advanced command and control software.
The Company is engaged in providing advanced thermal imaging technology for consumer applications. It�� easy to use, affordable, and lightweight personal vision thermal cameras give people the ability to see at night. In the home, its cameras can be used for numerous household and security applications, such as locating heat leaks, evaluating insulation coverage, detecting water damage, identifying intruders, and locating pests. The Company supplies hand-held systems to the law enforcement market. The Company supplies cooled and uncooled camera cores, sensors, and readout integrated circuits on an OEM basis for a range of applications where customers require a product at a lower level of integration than a fully developed thermal imaging system.
In Thermal Measurement Markets thermal imaging systems are used for monitoring the condition of mechanical and electrical equipment. The company�� systems provide the ability to view thermal distribution in real time for products ranging in size from small hybrid integrated circuits to jet engines. Common applications include product development of microelectronics, cell phones, laptop computers, telecommunications equipment, consumer appliances, automotive components, and aircraft engines. Systems used in research and development applications require high imaging performance and measurement precision, coupled with extensive analysis and reporting software. Thermal imaging applications for manufacturing process control include applications where temperature consistency is critical, including monitoring the quality of metal, plastic and glass cast parts, which are highly depend! ent upon ! the temperature distribution in the mold; monitoring the quality of paper, which is dependent upon proper and even moisture distribution during the drying process; and monitoring the quality of products such as rubber gloves, which can be thermally examined to locate abnormally warm or cool spots, indicating non-uniform thickness that may result in a quality defect.
Infrared imagers can detect missing insulation, electrical faults, water intrusion and pest infiltration, can gauge energy efficiency, and can help detect the presence of moisture. Market segments include building diagnostics, energy auditing and home inspection, property and facility management, HVAC and plumbing, and moisture detection and restoration. Specially designed infrared systems can detect and image hydrocarbon gas emissions or leaks. It supplies trade professionals a range of test equipment to deliver high accuracy readings for the measurement of electricity, light, sound, temperature, humidity, airflow, revolutions per minute, and water quality. The Company offers fee-based training on the principles of thermography and the use of its products through ITC, its Infrared Training Center, which provides instruction, training, certification and applications engineering from several FLIR locations or at the customer�� site. It also licenses Infrared Training Centers to third parties in certain countries.
The Company competes with Danaher (Fluke), General Dynamics (Axsys), L-3 Communications, Sofradir (ULIS), Axis Communications, NEC and Testo.
Raymarine
Raymarine is a provider of marine electronics, and continues as a pioneer in the technologies that give boaters confidence on the water. The products that Raymarine develops and markets is intended to fulfill all of the marine electronic needs of recreational boaters and offer best-in-class integrated control solutions for all of their on-board instrumentation. Raymarine designs, develops, and markets electronics for the maritime market a! nd is a p! rovider of fully integrated stem to stern networked electronic systems for boats of many sizes. The business distributes its products through a network of independent distributors and retailers, as well as through its relationships with boat builders, providing both first fitment and aftermarket solutions.
The Company competes with Furuno, Garmin and Navico.
Surveillance
Surveillance focuses on providing enhanced vision and detection capabilities to a range of military, paramilitary, law enforcement, public safety, and other government customers. Its systems typically provide the capability to see over long distances, day or night, through adverse weather conditions, and from a range of vehicle, man portable, and fixed installation platforms. Typical applications include intelligence, surveillance, and reconnaissance (ISR), force protection, drug interdiction, search and rescue, special operations, and target designation. Surveillance products are sold off-the-shelf or can be customized for specific applications and frequently incorporate additional sensors, including visible light cameras, radars, low light cameras, laser rangefinders, laser illuminators, and laser designators.
Surveillance offers a range of products across multiple applications. For airborne applications, it has developed highly stabilized platforms, known as gimbals, which typically contain multiple payloads in addition to the infrared imaging system, as well as sophisticated software and analytic capabilities. For land applications, it manufactures three types of products: hand-held products, platform mounted products, and targeting products. Platform mounted surveillance systems include imaging and radar solutions, which are typically housed in a weather-tight enclosure and feature remote control capabilities and multi-sensor integration capability. Hand-held products are ruggedized and have optional lenses and target location capabilities. Ground-based targeting products are designed t! o attach ! to existing daylight sights to provide bore-sighted, nighttime capabilities. For maritime applications, it manufacture shipborne products which are similar to its airborne gimbals, but are inverted and customized for the marine environment.
In Search and Rescue market thermal imaging systems are used in airborne nd shipborne search and rescue missions to rescue individuals in danger or distress on boats or vehicles, or wounded or lost in adverse conditions. Such systems are in use by organizations such as the United States Army, United States Coast Guard, the United States Marine Corps, the United States Air National Guard, and the United Kingdom Ministry of Defense. In Border and Maritime Patrol market thermal imaging systems are used in airborne, shipborne, hand-held and fixed installation applications for border and maritime surveillance, particularly at night, to enforce borders and coastal waters, to monitor national fishing boundaries and to prevent smuggling. Its cameras are deployed along numerous borders worldwide, including in the United States, Europe and the Middle East. In Surveillance and Reconnaissance market Thermal imaging systems are used in surveillance and reconnaissance applications for the precise positioning of objects or people from substantial distances and for enhanced situational awareness, particularly at night or in conditions of reduced or obscured visibility. It also offers high-resolution frequency-modulated continuous wave radars that enable wide-area surveillance capable of detecting potential threats before they cross a perimeter. These systems can be installed on fixed platforms, manned mobile platforms, and unmanned aerial vehicles.
The Company supplies airborne thermal imaging systems for federal, state, and local law enforcement agencies. Agencies with this type of equipment have the ability to track suspects, locate lost persons, and provide situational awareness to officers on the ground. It offers several products that provide precise t! arget loc! ation and designation capabilities in applications ranging from clip-on rifle scope devices to high-precision, stabilized, airborne laser designator systems. Thermal imaging systems enable government agencies to expand their drug interdiction and support activities by allowing greater surveillance and detection capabilities. The Company�� systems are in use by the United States Customs Service, the United States Drug Enforcement Agency and the United States Federal Bureau of Investigation, as well as by foreign government agencies.
The Company competes with BAE Systems, DRS (a Finmeccanica company), Elbit Systems, General Dynamics, L-3 Communications, Lockheed Martin, Raytheon, Sagem, Sofradir, and Thales.
Detection
The Company�� Detection segment provides capabilities in the development of advanced sensor technologies used to detect and identify CBRNE threats. The Detection segment is focused on developing technologies and products to penetrate a global market for advanced threat detection capabilities. Detection manufactures and markets the portable explosive detector, the smallest spectroscopic radiation detector, and the smallest hand-held Raman sensor.
The Company offer both indoor and outdoor biological air monitors that are used by various governmental agencies, including the United States Department of Defense, airport authorities, and the National Park Service, for layered security at facilities and events. Its explosives detection products are used to identify military-grade explosives and homemade explosive devices in a range of military and public safety applications, such as screening high-risk individuals at checkpoints, identifying improvised explosive device (IED) makers, and screening air passengers and baggage. Its radiation products protect the public by warning of radionuclide exposure and have been or are being used by the U.S. Department of Energy�� Nuclear Emergency Search Team, the New York Police Department, the Internat! ional Ato! mic Energy Agency, the U.S. Coast Guard, and the United Kingdom�� Home Office Border and Immigration Agency.
The Company competes with Agilent Technologies, Canberra Industries, Idaho Technologies, NUCSAFE, SAIC, Smiths Detection, Thermo Fisher Scientific, and United Technologies.
Integrated Systems
Integrated Systems develops platform solutions for combating sophisticated security threats and incorporates multiple sensor systems in order to deliver actionable intelligence for wide area surveillance, intrusion detection, border security, and facility security. Integrated Systems incorporates advanced sensors from both the FLIR product suite and external vendors in order to design and manufacture adaptive and effective force protection, homeland security, and commercial solutions that are designed to save lives and protect critical assets. Integrated Systems utilizes an array of sensor technologies, such as radars, thermal imaging and visible light cameras, chemical detectors, radiation detectors, and command and control systems, provided by its other segments as well as from external parties, to create high value solutions for customers across the world.
Integrated Systems manufactures and markets several accurate mobile and fixed solutions for perimeter surveillance. The Cerberus mobile unmanned towers and manned SkyWatch towers are utilized for protecting borders, securing facilities, protecting forces, and safeguarding the public. These tower systems can be deployed in almost any environment and are fully networkable platform solutions that integrate various sensor suites, including infrared thermal or visible light cameras, ground surveillance radar, video motion detection, and unattended ground sensors. In addition, Integrated Systems offers open-source software that enables customers to command, control, and monitor their sensor networks. Cohesion is a flexible integration software enabling CBRNE sensors to be incorporated into standard command! and cont! rol software systems and is specifically designed to support or integrate with its or third-party advanced sensors and devices. Cameleon video integration software allows for advanced monitoring and control of video surveillance camera networks.
The Company competes with Boeing, Cobham, Honeywell, L-3 Communications, Lockheed Martin, Northrup Grumman, Raytheon, SAIC, Telephonics, and Thales.
Advisors' Opinion:- [By Rich Smith]
The Department of Defense issued 14 separate contract awards Tuesday, totaling just over $880 million in combined value. Among publicly traded U.S. defense contractors, a few of the notable winners were:
- [By Rich Smith]
FLIR Systems (NASDAQ: FLIR ) landed a big contract from the Pentagon on Tuesday.
Announced among more than a dozen Department of Defense contract awards that added up to more than $2.7 billion in total value, FLIR's $82.4 million award for the procurement of Talon Forward Looking Infrared Systems may not look like much, but it amounts to nearly 6% of all revenues the company collected last year.
- [By Rich Smith]
The Department of Defense issued $312.5 million worth of new contract awards Monday. Notable winners included subsidiaries of two major defense contractors, FLIR Systems (NASDAQ: FLIR ) and General Dynamics (NYSE: GD ) .
Top Promising Stocks To Buy Right Now: Petrosonic Energy Inc (PSON)
Petrosonic Energy, Inc, incorporated on June 11, 2008, is a development-stage company. The Company focused on the treatment and upgrading of heavy oil by sonicated solvent de-asphalting. On July 27, 2012, the Company completed the acquisition of 60% ownership in Petrosonic Albania, SHA. from Sonoro.
The Company�� core technology is an industrial scale sonic reactor that transfers sonic energy on an industrial scale to physical, chemical or biological processes. As of December 31, 2012, the Company had not generated any revenue.
Advisors' Opinion:- [By Inyoung Hwang]
Pearson (PSON) jumped 6.2 percent to 1,329 pence, the highest price since May 2001. The media and education company said first-half revenue climbed 7 percent to 2.76 billion pounds ($4.3 billion), surpassing the 2.69 billion-pound average prediction of analysts. Profit fell 26 percent as the company invested in new products.
- [By Namitha Jagadeesh]
Pearson Plc (PSON) surged 6.2 percent to 1,329 pence, its highest price since 2001. The publisher of the Financial Times newspaper posted first-half sales of 2.76 billion pounds ($4.2 billion), exceeding the 2.69 billion pounds estimated by analysts in a Bloomberg survey.
Top Promising Stocks To Buy Right Now: Public Service Enterprise Group Incorporated(PEG)
Public Service Enterprise Group Incorporated, through its subsidiaries, operates in the energy industry primarily in the northeastern and mid Atlantic United States. The company primarily operates as a wholesale energy supply company that integrates its generating asset operations through its wholesale energy, fuel supply, energy trading, and marketing and risk management activities. It operates nuclear, coal, gas, and oil-fired generation facilities. The company also involves in the transmission of electricity and distribution of electricity and natural gas to residential, commercial, and industrial customers, as well as invests in the development of solar generation projects and energy efficiency programs. In addition, it owns and operates domestic projects engaged in the generation of energy; and offers appliance services and repairs to customers. As of December 31, 2010, it owned approximately 13,538 megawatts of generation capacity. The company also owned and operated approximately 17,608 miles of gas mains, 12 gas distribution headquarters, and 2 subheadquarters, as well as 62 natural gas metering and regulating stations. Public Service Enterprise Group was founded in 1985 and is based in Newark, New Jersey.
Advisors' Opinion:- [By Richard Stavros]
Among those companies that are winding down their spending programs, NextEra Energy Inc (NYSE: NEE) accounts for almost 30 percent of the projected $10 billion decline in annual spending from 2013 to 2015. Other larger-cap companies with projected 2015 budgets that are below their 2013 levels include: CenterPoint Energy Inc (NYSE: CNP), Dominion Resources Inc (NYSE: D), PPL Corp (NYSE: PPL), Public Service Enterprise Group Inc (NYSE: PEG), and Southern Company (NYSE: SO).
Top Promising Stocks To Buy Right Now: Osage Exploration and Development Inc (OEDV)
Osage Exploration and Development, Inc. (Osage) is an oil and natural gas exploration and production company with reserves and production in the country of Colombia and the state of Oklahoma. The Company�� pipeline is located in Colombia. The Companys focuses on developing its 28,000-acre Horizontal Mississippian block along the Nemaha Ridge in Logan County, Oklahoma, with their partners Slawson Exploration, and U.S. Energy Development Corp. The Company generates oil sales from its production operations in Colombia and in the state of Oklahoma and pipeline revenues from its Cimarrona property in Colombia. During the year ended December 31, 2011, the Company drilled two salt water disposal wells and commenced drilling the Wolfe#1-29H, the Company�� horizontal Mississippian well in Logan County, Oklahoma. In January 2012, the Company began drilling the Krittenbrink 2-36H, the Company�� second well in Logan County.
The Company�� subsidiary, Cimarrona LLC, owns a 9.4% interest in certain oil and gas assets in the Guaduas field, located in the Dindal and Rio Seco Blocks that consist of 21 wells, of which seven are producing, that covers 30,665-acres in the Middle Magdalena Valley in Colombia, as well as a pipeline with a capacity of approximately 30,000 barrels of oil per day. The Cimarrona property, but not the pipeline, is subject to an Ecopetrol Association Contract (the Association Contract) whereby the Company pays Ecopetrol S.A. (Ecopetrol) royalties of 20% of the oil produced.
The Company has acquired oil and gas leases in Logan County, Oklahoma targeting the Mississippian formation. The Mississippian formation is located on the Anadarko Shelf in northern Oklahoma and south-central Kansas. The top of this expansive carbonate hydrocarbon system is encountered between 4,000 and 6,000 feet and lies stratigraphically between the Pennsylvanian-aged Morrow Sand and the Devonian-aged Woodford Shale formations. The Mississippian formation reach 600 feet in gross thickness a! nd the targeted porosity zone is between 50 and 300 feet in thickness. The Company owns 100% of the working interest in certain producing oil and natural gas leases located in Osage County, Oklahoma (Hopper Property). The Property consists of 23 wells, 10 of which are producing wells, on 480 acres.
Advisors' Opinion:- [By CRWE]
Today, OEDV surged (+1.96%) up +0.03 at $1.56 with 178,129 shares in play thus far (ref. google finance Delayed: 12:28PM EDT August 30, 2013).
Osage Exploration and Development, Inc. previously reported preliminary production results on the Mallard 1-16H Horizontal Mississippian well in Logan County, Oklahoma. The well, located in Section 16-17N-3W, achieved a 24-hour peak initial production rate of 705 barrels of oil plus associated natural gas on an electric submersible pump and a 48/64��choke.
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