Reported very strong earnings that were better than analysts expected. They have an amazingly wonderful software that allows an increase of reserve life and reserves in an oil well and increasing production by approximately 4/7%.
Has signed a lot of one plant deals and expects when the company sees of return on the investment they will expand worldwide. Starting to attract new attention.
Ranks 43 in the overall database model. Earnings are expected to be $0.18 in Aug '05, up from $0.08 and a further increase to $0.26, a 44% lift through to 2006. Have a very interesting oil well optimization program which will allow end customers to increase oil production by 5 to 7%.
(A Top Pick July 21/05. Down 8.5%.) Continues to rank well in his model. Their product allows you to get 6% more production out of an oil well with extremely high payback. Will probably add to their holdings as the market pulls back.
(A Top Pick July 21/05. Down 19%.) Earnings were affected by foreign exchange. The core business continues to grow well. Ranks in the top half of the database. Expecting pretty good earnings growth.
Likes the company. Had a stumble a couple of quarters ago where they missed the quarter dramatically. It looks like they have put it all together now. Starting to hit some pretty good numbers.