Wavefront Energy & Environment Services

WEE-X

Technology is amazing if it will do what they promise but it has held out this promise for about 3 years but hasn't gained much traction. People are waiting for sales to appear.

Their enhanced oil recovery technology looks pretty good. There has been a massive valuation that this stock has had to grow back into. Revenues are not going to be anywhere close to what is required to make this a good holding.

Economics of implementing their technology seem to be quite good. Would not buy it until you see more revenue.

Well stimulation to increase oil production. Seem to be getting quite a bit of traction and expects they will become profitable in the next couple of years. Doesn't have a lot of revenue presently.

Technology to increase reservoir oil production. Recently got a big contract. Now basically is when does the next big contract come in? Technology has proven itself and pays for itself in a very short period of time.

Technology that uses water stimulation for better oil recovery. Rents the equipment out and usually is out for 7 years. 4-month rental pays for the tool. With 150 tools in the ground and working, they end up with a phenomenal revenue stream. Very speculative.

Well stimulation and have been working with Encana (ECA-T) for the last couple of years. Increase in production and decline rates have come down using this technology. Market cap of $175 million and revenues are only a few million. Too expensive for him.

Increasing stimulation and getting more oil out of reservoirs. Had some good contracts and the stock has been getting a lot of attention and it could be a big winner as they prove things out.

(Market Call Minute.) Just help them with their financing. Likes it. Good potential.