WEL is looking strong, fundamentally and techincally here's why i think it will do good....
WEl: BOOTS AND COOTS INTL WELL CONTRACTOR
Company Profile: Boots & Coots International Well Control is a global response oil and gas services company that specializes in responding to and controlling oil and gas well emergencies, including blow outs and well fires. For the 6 months ended 06/30/05, revenues increased 68% to $19.1M. Net income from cont. ops. appl. to Common totaled $1.4M, up from $177K. Results reflect increased services, improved gross margins, reduced administrative expenses and taxation.
REASON FOR IT TO GO UP: Due to hurricanes, and natural disaster, our oil wells are in danger. there could be some fire trouble, this is the comapny who specializes in well control. it is also situated in Texas. this past two days it has gone up nearly 9%. i believe that compan'y next earning report would be strong due to Hurricanes..
technical wise it has shown really strong trading volume in past 2 days, above its average...it is trading at $1.44 now, but it has really great chance to go to $1.66 within a week or so... WEL lloks great techincally and fundametally...and has really good chances to show strong profits this quater too....
Posts: 1 | From: California | Registered: Sep 2005
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