posted
And I'll be picking up the shares at the bottom. This is a good company and it will eventually rebound. If I can get bargain basement shares, I'll do it!
-------------------- Be kind, just learning! Posts: 130 | From: CA | Registered: Oct 2007
| IP: Logged |
quote:Originally posted by wes19c: Volume is all we need and this baby will FLY!
I think there is some MM conspiracy unknown to us. We should be going up.
There is some bigtime MM manipulation going on. It seems theres always an impenetrable wall sitting on the ask. Once we break the resistance its off we go!! patience is the key with this one.
Posts: 137 | Registered: Jan 2007
| IP: Logged |
posted
Yes, I totally agree. While it's difficult to be patient when other stocks are moving around us, it is only a matter of time before this company is noticed by the big fish. DR is a good step and as I said before, any storms can bring major revenue to this company not to mention daily oil searches.
Posts: 2385 | Registered: Mar 2006
| IP: Logged |
quote:Originally posted by Stockstar69: Yes, I totally agree. While it's difficult to be patient when other stocks are moving around us, it is only a matter of time before this company is noticed by the big fish. DR is a good step and as I said before, any storms can bring major revenue to this company not to mention daily oil searches.
Exactly. I own quite a few shares of DPDW and i need to free up some money because there are some other short term plays i have found. Problem is, I'm afraid to sell any shares because anyday now this baby will run. So, alas, i play the waiting game. Time is on the side of the investor and i believe patience will be rewarded handsomely with this stock, jmho.
Posts: 137 | Registered: Jan 2007
| IP: Logged |
quote:Originally posted by Stockstar69: Yes, I totally agree. While it's difficult to be patient when other stocks are moving around us, it is only a matter of time before this company is noticed by the big fish. DR is a good step and as I said before, any storms can bring major revenue to this company not to mention daily oil searches.
Exactly. I own quite a few shares of DPDW and i need to free up some money because there are some other short term plays i have found. Problem is, I'm afraid to sell any shares because anyday now this baby will run. So, alas, i play the waiting game. Time is on the side of the investor and i believe patience will be rewarded handsomely with this stock, jmho.
Looks like we are in the same boat... Fortunately I have enough stocks dropping at the moment I can sell those and bounce around. Last week it was Caterpillar, Today it was Disney.
Posts: 2385 | Registered: Mar 2006
| IP: Logged |
posted
Great buy, IMO. I know it's beaten and down right now, but it's an excellent company with strong financials. I'm holding mine too. If I had some more liquidity, I'd be picking up shares too.
-------------------- Be kind, just learning! Posts: 130 | From: CA | Registered: Oct 2007
| IP: Logged |
quote:Originally posted by jrtfan: Great buy, IMO. I know it's beaten and down right now, but it's an excellent company with strong financials. I'm holding mine too. If I had some more liquidity, I'd be picking up shares too.
That's the tricky part...Having liquid cash when we really need it without having to sell something you really don't want to.
Posts: 2385 | Registered: Mar 2006
| IP: Logged |
posted
Had that problem today. I sold some SYDI at a nice profit to get into a quick RVGD, but it seemed worth it. I would have preferred to hold my position though.
-------------------- Be kind, just learning! Posts: 130 | From: CA | Registered: Oct 2007
| IP: Logged |
Deep Down Hires Corporate Controller Thursday January 24, 1:37 pm ET
HOUSTON, Jan. 24 /PRNewswire-FirstCall/ -- Deep Down, Inc. (OTC Bulletin Board: DPDW - News) today announced that it has hired Michael Teal to fill the position of corporate controller. ADVERTISEMENT
With his MBA/CPA credentials, Mr. Teal brings significant experience in mergers and acquisitions, business development, business valuations, investment analysis, strategic planning, debt financing, equity issues, bank lines, and financial planning. His background has primarily been in the energy industry encompassing refining, natural gas, power generation, oil and gas exploration, marine services, and risk management. Since 1984, Mr. Teal has held various corporate-level positions in accounting, treasury, and corporate finance functions with major energy companies, most notably Valero Energy Corporation, The Coastal Corporation, and El Paso Corporation. Recently, he has provided consultation services to major Houston and Dallas corporations, including a position as Senior Consultant with Sirius Solutions.
"Mr. Teal fills a critical vacancy on our management team as we continue to prepare and position ourselves for further growth through mergers and acquisitions and internal operations. We are very excited about the skills Mr. Teal brings to our team. He will be responsible for the coordination and integration of the accounting activities of each of Deep Down's current and future subsidiary operations. Mr. Teal also has relevant experience with the policies and procedures for compliance with regulations promulgated by Sarbanes-Oxley. Our goal is to reach full compliance during 2008," commented Robert E. Chamberlain, Jr., Deep Down's Chairman and Chief Acquisitions Officer (CAO). About Deep Down, Inc.
Deep Down specializes in the provision of innovative solutions, installation management, engineering services, support services, custom fabrication and storage management services for the offshore subsea control, umbilical, and pipeline industries. The company fabricates component parts of subsea distribution systems and assemblies that specialize in the development of subsea fields and tie backs. These items include umbilicals, flow lines, distribution systems, pipeline terminations, controls, winches, and launch and retrieval systems, among others. Deep Down provides these services from the initial field conception phase, through manufacturing, site integration testing, installation, topside connections, and the final commissioning of a project.
The Company's ElectroWave subsidiary offers products and services in the fields of electronic monitoring and control systems for the energy, military, and commercial business sectors. ElectroWave designs, manufactures, installs, and commissions integrated PLC and SCADA based instrumentation and control systems, including ballast control and monitoring, drilling instrumentation, vessel management systems, marine advisory systems, machinery plant control and monitoring systems, and closed circuit television systems.
The Company's Mako subsidiary serves the growing offshore petroleum and marine industries with technical support services, and products vital to offshore petroleum production, through rentals of its remotely operated vehicles (ROV), topside and subsea equipment, and diving support systems used in diving operations, maintenance and repair operations, offshore construction, and environmental/marine surveys.
The Company's strategy is to consolidate service providers to the offshore industry, as well as designers and manufacturers of subsea, surface, and offshore rig equipment used by major, independent, and foreign national oil and gas companies in deep-water exploration and production of oil and gas throughout the world. Deep Down's customers include BP Petroleum, Royal Dutch Shell, Exxon Mobil Corporation, Devon Energy Corporation, Chevron Corporation, Anadarko Petroleum Corporation, Marathon Oil Corporation, Kerr-McGee Corporation, Nexen Inc., BHP, Amerada Hess, Helix, Oceaneering International, Inc., Subsea 7, Inc., Transocean Offshore, Diamond Offshore, Marinette Marine Corporation, Acergy, Veolia Environmental Services, Noble Energy Inc., Aker Kvaerner, Cameron, Oil States, Dril-Quip, Inc., Nexans, Cabett, JDR, and Duco, among others. For further company information, please visit http://www.deepdowninc.com and http://www.electrowaveusa.com
One of our most important responsibilities is to communicate with shareholders in an open and direct manner. Comments are based on current management expectations, and are considered "forward-looking statements," generally preceded by words such as "plans," "expects," "believes," "anticipates," or "intends." We cannot promise future returns. Our statements reflect our best judgment at the time they are issued, and we disclaim any obligation to update or alter forward-looking statements as the result of new information or future events. Deep Down urges investors to review the risks and uncertainties contained within its filings with the Securities and Exchange Commission.
-------------------------------------------------------------------------------- Source: Deep Down, Inc.
-------------------- dab Posts: 540 | From: North Hollywood | Registered: May 2006
| IP: Logged |
posted
This is good for several additional reasons.
DPDW no has a professional and experienced person leading them through the regulations and SOX compliance.
Would someone with so much experience really accept a position with a little know, sub dollar corporation unless they strongly thought the company was headed in the right direction?
Posts: 2385 | Registered: Mar 2006
| IP: Logged |
posted
LOL, I appreciate your enthusiasm, but that argument's a bit naive in my opinion. Someone with "so much experience" accepts a position when they are paid the amount of money that they think the job is worth. I don't think you should read into it any more than it's a dude that took a new job.
quote:Originally posted by Stockstar69: This is good for several additional reasons.
DPDW no has a professional and experienced person leading them through the regulations and SOX compliance.
Would someone with so much experience really accept a position with a little know, sub dollar corporation unless they strongly thought the company was headed in the right direction?
posted
Hey PC...Yes, now thinking about it you are right. I was considering it from my personal perspective. And yes, I have know people making 6 figures who suddenly found them unemployed as the company went belly up. But I don't think that would happen with DPDW.
Posts: 2385 | Registered: Mar 2006
| IP: Logged |
Deep Down Ships Proteus Active Heave Compensation Unit
PR Newswire "US Press Releases "
HOUSTON, Feb. 7 /PRNewswire-FirstCall/ -- Deep Down, Inc. (OTC Bulletin Board: DPDW) announced today that it has delivered a Proteus(TM) Active Heave Compensation Unit to Schlumberger for deployment in waters outside the Gulf of Mexico.
The Proteus system is designed to maintain vertical displacement of a subsea payload to within six-tenths of an inch even if the surface deployment vessel, or ship, is experiencing a heave of up to 30 feet. The control system monitors these vertical motions and compensates by releasing and retrieving the main winch to keep the payload essentially still. After extensive testing, Deep Down has further enhanced the performance of its Proteus system and added an additional roller guide option for extremely smooth operation. The mathematical algorithm embedded in the software has also been improved to allow the system to respond to changes in a ship's vertical motion within 0.5 milliseconds.
In addition to new stand-alone Proteus systems, Deep Down has the ability to deliver in-line active heave compensation systems that can be retrofitted to existing winches, thereby adding active heave capabilities to an existing infrastructure. This ability allows prospective customers to preserve their capital investment in existing winches and substantially reduces the cost of adding this increasingly important capability.
"Our Proteus design continues to exceed customer specifications. We are now capable of producing Proteus systems on a mass production level. In addition to the original vertical design for lighter load applications, we can also deliver a horizontal, scaled up, higher tension version of our active heave compensation system to augment Abandon and Retrieval winches in the 50-100 ton range. We envision these Proteus units selling from $500,000 for the smaller units up to $1.5 million each for the larger applications," says Ronald E. Smith, Deep Down's President & CEO.
"Our design uses no motors or gear boxes, and we can, therefore, deliver Proteus units very quickly. Proteus units can be added to an installation contractor's list of deepwater equipment to enhance their overall installation capabilities. Since we are not impacted by the long delivery times that exist for motors and gear boxes, an installation contractor can add a Proteus unit to their inventory for use in soon to be initiated installation campaigns," concluded Smith.
Posts: 2385 | Registered: Mar 2006
| IP: Logged |
posted
Crazy, sales-sales-sales and the PPS goes down?
Deep Down Receives $1.5 Million in Steel Flying Lead Orders 51 minutes ago - PR Newswire
Deep Down, Inc. (OTC Bulletin Board: DPDW) announced today that it has received orders for $1,500,000 worth of loose-tube steel flying leads (LSFLs).
Deep Down is adding new design features to its LSFLs to enable quicker deployment and installation in high current, deepwater environments with the aid of its horizontal drive units (HDUs) and rapid deployment cartridges (RDCs). The Company expects to complete the design, manufacture, and delivery of these LSFLs to both of its clients, Helix Energy Solutions Group, Inc. and VetcoGray, Inc., within the next 90 days.
Deep Down has improved its manufacturing procedures to allow for mass production of steel flying leads (SFLs) and associated components for large scale projects. Deep Down was instrumentally involved in the visionary development of the SFL concept, as well as its deployment procedures approximately ten years ago. The original design continues to evolve as the industry initiates exploration and production projects in deeper water.
Ron Smith, Deep Down's chief executive officer commented, "Our goal is to be the number one choice for the supply, and offshore support, of all types of SFLs, based on quality of product, quicker delivery times, and efficiency of product installation. We can manufacture SFLs up to 10,000 feet in length with any J-plate desired, with or without electrical cables included. Another important goal is to continue to simplify procedures so that subsea connections are easier to complete, whether by fully experienced remote operated vehicle (ROV) crews, or ROV crews new to our product line."
About Deep Down, Inc.
Deep Down specializes in the provision of innovative solutions, installation management, engineering services, support services, custom fabrication and storage management services for the offshore subsea control, umbilical, and pipeline industries. The company fabricates component parts of subsea distribution systems and assemblies that specialize in the development of subsea fields and tie backs. These items include umbilicals, flow lines, distribution systems, pipeline terminations, controls, winches, and launch and retrieval systems, among others. Deep Down provides these services from the initial field conception phase, through manufacturing, site integration testing, installation, topside connections, and the final commissioning of a project.
The Company's ElectroWave subsidiary offers products and services in the fields of electronic monitoring and control systems for the energy, military, and commercial business sectors. ElectroWave designs, manufactures, installs, and commissions integrated PLC and SCADA based instrumentation and control systems, including ballast control and monitoring, drilling instrumentation, vessel management systems, marine advisory systems, machinery plant control and monitoring systems, and closed circuit television systems.
The Company's Mako subsidiary serves the growing offshore petroleum and marine industries with technical support services, and products vital to offshore petroleum production, through rentals of its remotely operated vehicles (ROV), topside and subsea equipment, and diving support systems used in diving operations, maintenance and repair operations, offshore construction, and environmental/marine surveys.
The Company's strategy is to consolidate service providers to the offshore industry, as well as designers and manufacturers of subsea, surface, and offshore rig equipment used by major, independent, and foreign national oil and gas companies in deep-water exploration and production of oil and gas throughout the world. Deep Down's customers include BP Petroleum, Royal Dutch Shell, Exxon Mobil Corporation, Devon Energy Corporation, Chevron Corporation, Anadarko Petroleum Corporation, Marathon Oil Corporation, Kerr-McGee Corporation, Nexen Inc., BHP, Amerada Hess, Helix, Oceaneering International, Inc., Subsea 7, Inc., Transocean Offshore, Diamond Offshore, Marinette Marine Corporation, Acergy, Veolia Environmental Services, Noble Energy Inc., Aker Kvaerner, Cameron, Oil States, Dril-Quip, Inc., Nexans, Cabett, JDR, and Duco, among others. For further company information, please visit http://www.deepdowninc.com and http://www.electrowaveusa.com
Company information distributed through the Market Access Program is based upon information that Standard & Poor's considers to be reliable, but neither Standard & Poor's nor its affiliates warrant its completeness or accuracy, and it should not be relied upon as such. This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument.
One of our most important responsibilities is to communicate with shareholders in an open and direct manner. Comments are based on current management expectations, and are considered "forward-looking statements," generally preceded by words such as "plans," "expects," "believes," "anticipates," or "intends." We cannot promise future returns. Our statements reflect our best judgment at the time they are issued, and we disclaim any obligation to update or alter forward-looking statements as the result of new information or future events. Deep Down urges investors to review the risks and uncertainties contained within its filings with the Securities and Exchange Commission.
posted
IMO ridiculously undervalued. This stock is gonna make some people alot of money after the 10k numbers come out. A steal at these levels. I wish i had some more powder
Posts: 137 | Registered: Jan 2007
| IP: Logged |
UBBFriend: Email this page to someone!
![[Roll Eyes]](rolleyes.gif)
![[Big Grin]](biggrin.gif)
Fortunately 