posted
Trading pattern doesn't indicate any huge dilution 10 day average is 11M shares. WRNW has a history of having BIG days on above average volume ... this one hs huge potential....glty
Posts: 660 | From: california | Registered: Nov 2005
| IP: Logged |
In operation since 1960, Cementers is a Greeley, Colorado based service company providing comprehensive cement related services in Colorado, Nebraska and Wyoming. Cementer's main area of operations is in Northern Colorado. Customers utilize Cementers for their excellent work in the area of surface and production of casing services. They are a very well respected company in the energy industry, with a secure customer base
Binding LOI with team down hole
In operation since 2001, Team Services is a Kalkaska, Michigan-based service company providing comprehensive service work to the oil and gas industry. Team's main area of operations is in the Lower Peninsula of Michigan, although Team has performed work throughout the United States and Canada. Customers utilize Team for its ability to provide service work on existing wells and to perform well completion and well stimulation services. 70% of Team's current revenue is generated from service work on existing wells. Workover services include repairing various components of the well infrastructure, as well as the repair and replacement of their well components including pumps. Team's service work also includes trucking and disposal of liquid wastes associated with the service, completion and stimulation of wells. These wastes are disposed in three Salt Water Disposal wells which are owned by Team.
and a new Binding LOI
In operation for over ten years, the cementing company is a highly regarded oil well servicing company providing cementing and acidizing services to independent and small and medium-sized drilling companies. The company's operations are modeled after Halliburton, where most of the senior management was trained. They are a very well-respected company in the energy industry, with a secure customer base. Annual revenues are in excess of $8 million, with net margins of over 30%.
CEO David Rees is a successful M&A lawyer and is doing just that acquiring!
I believe the recent downtrend has been due to a shift in the company operations towards servicing which in the long run imo was the correct thing to do.
Market cap of only 10 million
Just one signed LOI (cementers is all but done) and this will be trading at much higher pps,
no indication of dilution,
at these prices this looks very promising.
Take a look at this company and do your own DD
Posts: 230 | From: florida | Registered: Feb 2006
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Wink]](wink.gif)
