Robert FloydNQL Drilling ToolsNQL.TOTOP PICKFeb 27, 2006
It's gone up 182% over the past year. He expects it to go higher. This company is involved in the drilling side of oil, plus they've bought a company that makes motors and are working the two companies together. The order backlog is very strong.
He's buying again.
Continue to make interesting acquisitions. Good management. Earnings are continuing to build. Looking at about $.61 for the year. They are involved in selling/renting the motors that go in the drill holes. Good price range.
(A Top Pick May 16/06. Down 10.7%.) Would be a big buyer at this price. Numbers reported were extremely strong. Earnings are continuing to grow and revenues are very strong.
(A Top Pick Jun 2/06. Down 8.6%.) Has done a marvellous job turning around its operations. Made a number of strategic acquisitions and would still buy at this price.
Manufacture motors as well as a number of pieces that go into the drill hole. They rent them and sell them and the company has turned their operation around quite nicely. Have made a number of nice acquisitions. Have strong working capital so can make more acquisitions.
Provide a lot of services for the drilling companies. Just reported and their numbers were extremely strong. Have made a number of nice little acquisitions.