This stock has done well over the last 6 months. The stock has moved up when they have not come out with great results. People are anticipating something. It is quite liquid so it is easier to trade. He likes to hold things for about 3 years. The recovery in the energy sector will benefit them.

The whole sector has been soft over the last year and a half, then there was bad news today. The problem is sentiment overall. Their costs are up and it is hard to know why. He has a very small position. Don’t add to it but keep an eye on it. There may be tax loss selling and a bounce into January. He would like to see fundamentals improve.

The last couple of quarters have not been good for the company. He does not think they will come out with stellar quarters. $10 might be a floor on the stock. He would continue to hold it but there are head winds in the short term.

Now they moved into more water and they still have juices. He thinks they will try to exit that part of the business. It ran up to close to $22 and now it seems to go down every single day. He thinks there is a seller out there. They made acquisitions with debt. It is not at a high multiple so he might take a look at it. It looks interesting at these prices.

He is one of the largest holders of the stock. It came off because they did an issue. They make chemicals that would go into a lot of P&G products. The stock has been moving up in the last few days on a lot of volume. There is still no analyst coverage. He is comfortable with the story and thinks the next couple of quarters will show more strength.

There has been no good news in the last couple of quarters. He got out when he saw no growth coming through. Regulatory things going on in Europe have hurt them. This is not one of the top twenty names you want to own.

They will benefit from more activity in the oil patch. He likes the management team. It has a good balance sheet. It is one of his favourite names and he owns a lot of it.