Opinions
James Hodgins
CORRE
CVR-X
COMMENT
Jan 27, 2012
Put a bid in on the Iraqi oil spill cleanup in April, from the 1st Iraq war. Expect that by the end of March that will know what their share will be. There has been some insider buying.
$0.450
Stock price when the opinion was issued
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gas
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WATCH
Very interesting company. Insiders have been buying. They are in the middle of bidding on cleanup and soil remediation of the Kuwait oil fields. The outcome should be known sometime in November so you have some time. Should they win one of these contracts, the stock would go materially higher. A “wait and see” situation.
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BUY
Bidding for cleanup jobs in Kuwait with a large European energy services company. Has very strong technology and have been working on a pilot program with Kuwait and are in a good position to win one of the contracts. Announcement is due to come in November. If they win, it could be quite material. If they don't, they could be under quite a bit of pressure. Risk/reward is favourable.
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BUY
Bidding on clean up of oil fields. There will 50 tenders over 5 years. We will find out results of first batch in a few weeks. If they win one of these it will set them up to win the bulk of the rest of the tenders over the next 5 years. If they get the contract this stock will rocket higher, if not it will pull back but they have all these other tenders. Don’t make it a huge position.
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WATCH
Highly speculative. Have a project in the Middle East where they are bidding on cleaning up the Kuwait oil fields that had been in the 1st Gulf war. However, there is lots of competition for this business. If they can get some of this business, it has some potential, but he would wait and see how much of those contracts they get.
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