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).
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.
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?
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
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?
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).
ReplyDeleteBHI has a $26B market cap.
NR has a $535MM market cap.
NR it is.
A
Hey Allan,
ReplyDeleteI 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
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.
ReplyDeleteA
I figured that's what your thinking was. Just thought I'd share what I'd found out.
ReplyDeleteHow 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
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
ReplyDeletehttp://www.newparkdf.com/news.php3?id=18
The deepwater drilling brochure can be found at http://www.newparkdrillingfluids.com/deepdrillbrochure2.pdf
Does anyone know anything about drilling Uranium?
ReplyDeleteThe area 181 company is Newpark Resources (NR)
ReplyDeleteI'm playing, in at 5.85
ReplyDeleteanyone know which is the stansbarry reccomendation for a "Utah-based" oilshale play, "new drilling process", $10/barrel cost of extraction, Piceance basin in Colorado?
ReplyDelete