Monday, August 07, 2006

Stansberry, again

Here's another one, haven't had time to identify the stock yet, so it's wide open for you folks.

A

9 comments:

Allan said...

I did a Google search on water based drill bit fluids. Two companies seem to be state-of-the-art in this field, Baker-Hughes (BHI) and Newpark Resources (NR).

BHI has a $26B market cap.

NR has a $535MM market cap.

NR it is.

A

Anonymous said...

Hey Allan,

I fact checked NR's history of insider buys against the claims made by the Stansberry piece you posted. Here's what I found:

1. NR has had two directors buy some 80,000 shares for $653 since May of 2005.

2. NR had one director and the CFO SELL some $463 worth of shares. Of all the i-buys, the CFO's sales were the most recent.

Jon

Allan said...

Jon, you and I are on the same page here, as I also was unable to verify the Insider buying claims....but the play here isn't insider-buying, it's how effective Stansberry is in getting the story out. We've seen some effective pumping in the past, so it's worth a shot here.

A

Anonymous said...

I figured that's what your thinking was. Just thought I'd share what I'd found out.

How do these newsletter plays usually work? Is there some kind of "unveiling" -- a press release or something -- that triggers a wider spike or does or is it more of gradual thing as people read the newsletter?

As always, thx for your insights.

Jon

Anonymous said...

Newpark's OGS Labs is doing a phased name change to be be completed by year-end: Newpark Drilling Fluids LLC. The announcement of the change is at
http://www.newparkdf.com/news.php3?id=18
The deepwater drilling brochure can be found at http://www.newparkdrillingfluids.com/deepdrillbrochure2.pdf

Anonymous said...

Does anyone know anything about drilling Uranium?

Anonymous said...

The area 181 company is Newpark Resources (NR)

Anonymous said...

I'm playing, in at 5.85

Anonymous said...

anyone know which is the stansbarry reccomendation for a "Utah-based" oilshale play, "new drilling process", $10/barrel cost of extraction, Piceance basin in Colorado?