Engage Xr Share Discussion Threads

[paullove] 13/6/2005 20:48

Cool. I'm just surprised that Expro hasn't done more than it has since O&G activity spiked up in October, almost 9 months ago. Suppose 25% isn't bad but Expro's business must have got much much busier and much more profitable.

[grgkecer] 13/6/2005 12:16

I expect someone else (Roc?)will exploit the Ardmore field after Tuscan's demise. Don't do price predictions, but see Expro as a good investment long term.

[grgkecer] 10/6/2005 16:36

It would be better if more rigs were available, though. But, either way, the producers are having to get cleverer to extract more oil from smaller fields.

[paullove] 09/6/2005 17:56

grgkecer
Nah, just making the point that exploration programmes are being deffered into next year now as the rigs are booked up for most of this year. That has to give Expro some earnings visibility going forward on the tool rental side. no?

[grgkecer] 03/6/2005 17:46

PaulLove
Looking at your 101 gives the impression that you think Expro hires out rigs. This is not the case; if that is what you want, you should try Abbot.
Some oil service companies: LSE:ABG,LSE:EXR,LSE:HTG,LSE:OHM,LSE:SDX,LSE:WG.,

[grgkecer] 03/6/2005 17:09

Yes, and yes. Do you not read the RNS announcements?

and

[paullove] 03/6/2005 14:04

Do you mention Sondex becuase they are in a similar business? Also, did Expro place new shares at 3.90? i must have missed that.

[grgkecer] 02/6/2005 08:31

Well, at least the price isn't down on the results - the placing price of 390p is pegging it, apparently.

[grgkecer] 26/5/2005 09:48

Sondex results are good, but the share-price is down.

[paullove] 25/5/2005 17:36

Oil business up here in Aberdeen is going great guns at the moment.

With the vendors like Expro, its not whether the oil company will choose them, it is whom the supplier will work with and at what price.

A sellers market if you will. 2006 looks strong as many rigs are now being chartered for next year too. Money in the bank I reckon.

[lovegod] 18/2/2005 10:06

Sounds like a ramp but check out NORWOOD RESOURCES you might be impressed

[paullove] 14/2/2005 16:48

Nice bounce up on Shell contract award, shame about the recent fall though.

[grgkecer] 02/2/2005 07:18

Evidently.

[grgkecer] 28/1/2005 10:24

If the reallocation of reserves does not affect dividend policy, will it facilitate share buyback or acquisition?

[grgkecer] 01/12/2004 09:50

Captain Swing

How's your theory now, after the interim figures?

[grgkecer] 05/11/2004 08:01

Optimistic interim statement from Sondex yesterday, but no indication whether events in the Gulf of Mexico since Expro's end-of-September trading statement will affect their success in meeting market expectations, as forecast.

[grgkecer] 01/11/2004 12:49

chrislewis7

Probably because there isn't a lot of information - for example, will the hurricane havoc in the Gulf of Mexico be favourable or unfavourable to Expro? On the one hand, it will presumably slow down orders while superstructure is repaired, but on the other, operators may take the opportunity to upgrade their equipment.

[chrislewis7] 04/10/2004 19:41

Why is noone on here talking about this share?

Oil exploration is the big story at the moment and this is one of few companies in the game.

Share price heading northwards nicely with plenty of potential to keep going.

[roussillon] 15/9/2004 10:58

Director buying announced today. Looks like Expro are back in favour as oil companies start to spend again. Most of the others in the oil services sector have made significant gains in the last 4 to 5 months.

[grgkecer] 05/8/2004 15:17

? 2M shares sold - and no change in the price.

[grgkecer] 23/7/2004 12:41

Good half-year figures from Schlumberger (in spite of the difficulty today's Oilbarrel reports Aminex having with SLB's MDT).

[thamestrader] 16/7/2004 08:48

As a service company, EXR's business depends on activity levels, whereas oil major's business depends on production levels and oil price. The two don't necessarily correspond.

Now for example: activity levels are fairly flat despite the high oil price - in fact BECAUSE of the high oil price. Operators don't want/need to shut in wells to do workover/remedial jobs.

In the US they have an oil service companies' index, which might be a better comparison - although the US represents only a small part of EXR's business.

[grgkecer] 16/7/2004 08:21

There's certainly not a lot of correlation with the FTSE 250, but is this the appropriate index for comparison? Most of Expro's customers are the big oil companies: wouldn't FTSE 100 be more suitable?

[captain swing] 15/7/2004 20:27

Yes I considered 1996-7... wd. prefer to think EXR is a countercyclical, here is the comparison with the FTSE 250 (MCX)... it's fulfilled my ideas so far which is why I commented, but a long way to go