Engage Xr Share Discussion Threads

[thamestrader] 14/12/2006 11:03

Aye, the service sector always lags the operators by a few months.

I shifted my holdings from operators to service companies about three months ago, and it's paying huge benefits.

Even if the oil price drops (which it already has to some extent), there'll be plenty of time to make a profitable exit from this sector, whereas the producers plummet immediately.

[bluebelle] 14/12/2006 10:43

Great example of making money from the shovels rather than from the gold !

[grgkecer] 13/12/2006 15:11

CATS creams data from first Oz offshore well

Wednesday, December 13, 2006

Award-winning offshore technology developed by the UK-based Expro Group has been used for the first time offshore Australia on the Thylacine field development by Woodside Petroleum.

[nephin] 30/11/2006 22:10

I don't know who to believe with this share - the company says that the figures were good but the ADVFN evening report said that the share price suffered because the figures were poor and the company had just issued a tranche of cheap shares, I'm surprised that they didn't conclude the report by saying...'Strong sell'

[nielsc] 30/11/2006 09:50

Interim results were leaked a couple of days early then by EXR. The price has risen already to reflect the good H1 results.
Bit poor really.

Nice price rise though.

Cheers,
Niels

[thamestrader] 30/11/2006 08:13

Expro Intl H1 profits surge as oil price soars UPDATE
AFX


(Adds update on PWS integration)

LONDON (AFX) - Expro International Group PLC, the oilfield services provider, saw first half profits more than double as oil prices soared.

Pretax profit in the half-year to September grew to 24.2 mln stg from 11.3 mln last time, while revenue rose to 226.4 mln stg from 131.6 mln, which included a three-month contribution from Power Well Services (PWS).

Expro bought PWS, a leading supplier of well testing and other related products and services to the oil industry, for 674.5 mln usd. The deal was completed in July.

The integration of PWS into the business is proceeding ahead of plan, and is generating synergies that are exceeding the group's estimates, said Expro.

Looking forward, Expro chief executive Graeme Coutts said: 'The market outlook for the second half and beyond remains positive.'

The group kept dividends at 3.8 pence a share.

[thamestrader] 30/11/2006 07:57

Oil Service Stocks Surge Along With Rising Natural Gas and Crude Oil Prices


NEW YORK (AP) -- Shares of many oilfield service providers jumped in Wednesday afternoon trading, lifted by higher crude oil and natural gas prices.
The Philadelphia Oil Service Sector Index climbed 3 percent, with all 15 of component stocks marking gains. Many of the percentage swings were greater than 2 percent.

Buoying shares was a nearly 4 percent jump in natural gas prices, up 33 cents to $8.89 per 1,000 cubic feet, and a nearly 2 percent rise in crude oil prices, up $1.20 to $62.19 per barrel.

New data from the Department of Energy showed shrinking supplies of crude, gasoline and heating oil. Higher commodity prices help to blunt some investor fears about a possible slowdown in natural gas drilling.

Among the index's biggest gainers, Baker Hughes Inc. rose $2.87, or 4 percent, to $73.52 on the New York Stock Exchange.

BJ Services Co. added $1.59, or 5 percent, to $33.59, Cameron International Corp. picked up $1.47, or 2.8 percent, to $54.42 and GlobalSantaFe Corp. rose $2.42, or 4.2 percent, to $58.95, all on the NYSE.

Halliburton Co. added $1.12, or 3.4 percent, to $33.76, Nabors Industries Ltd. climbed $1.36, or 4.2 percent, to $34 and National Oilwell Varco Inc. rose $2.56, or 4 percent, to $66.72, all on the NYSE.

Rowan Cos. picked up $1.85, or 5.4 percent, to $35.98, Transocean Inc. rose $3, or 4 percent, to $77.48 and Smith International Inc. jumped $1.97, or 4.9 percent, to $42.53, all on the NYSE.

Schlumberger Ltd. gained $2.18, or 3.3 percent, to $67.85, Tidewater Inc. added $2.19, or 4.1 percent, to $54.79 and Weatherford International Ltd. gained $1.66, or 3.9 percent, to $43.91, all on the NYSE.

[thamestrader] 29/11/2006 14:44

I'd want something over 1000p for mine.

[birthofthecool] 29/11/2006 13:50

What price would W ford pay chaps?

I,m sitting on a nice gain, whether to sell or hold..?

BC

[thamestrader] 29/11/2006 10:36

You must drink in different pubs to me, topclubb.

[topclubb] 29/11/2006 10:22

I also live in Abn, rumour is that Weatherford are looking at them.

[thamestrader] 29/11/2006 09:33

Indeed it should, neilc.
Unfortunately there's no way to change the thread title, other than buy starting a new thread.

Not sure about takeover rumours. I live in the Granite City and would probably have heard something on the street by now. ABG has been certainly been subject to rumours locally (Halliburton, then Schlumberger, now Halliburton again), but haven't heard anthing about EXR (although I have very firm ideas as to who SHOULD buy them).

[nielsc] 29/11/2006 09:16

Shouldn't the thread title be changed to "Why the more recent rises"?

There must be some reason for it. Takeover rumour or something?

Cheers,
Niels

[grgkecer] 29/11/2006 09:08

More today, first.

[thamestrader] 29/11/2006 09:02

Am pleased to confirm the presence of "more tomorrow".

More tomorrow?

[grgkecer] 28/11/2006 17:23

But stayed above this time. More tomorrow?

[thamestrader] 28/11/2006 14:25

looks like we're having another go at 800p.
A brave thing to do on a mostly red day like today.

[grgkecer] 15/11/2006 08:09

The elusive 800 at last.

[thamestrader] 14/10/2006 08:20

Too right, grgkecer.
I still have my main batch, so not feeling to depressed.

[grgkecer] 13/10/2006 15:16

. . . I expect you wish you had hung on to them, now.

[thamestrader] 06/10/2006 09:27

Is there something we should know?

Up 30+ points in the last few minutes.

Just sold the batch I got with the rights issue, 38% profit.

[thamestrader] 25/9/2006 09:12

Nice, positive trading statement today.....

LONDON (AFX) - Expro International Group PLC said trading during the first has seen a continuation of the positive momentum established in prior periods, and added that new contracts worth 144 mln stg have been secured in the first half of the year.

Expro said in a trading statement that its focused organic strategy coupled with the acquisition of Power Well Services Inc (PWS), has enabled the new combined business to build an enhanced platform for sustained progress.

The integration of PWS is progressing well and at a pace ahead of its initial plans, Expro said.

The company said the market for late cycle upstream oil and gas products and services remains very positive. Driven by global demand for energy, the hydrocarbon industry continues to be the only real answer to the supply equation, a situation which is likely to prevail out to 2010 and beyond.

This environment has driven strong demand for oil and gas well activities and as a consequence all Expro product lines are enjoying high levels of demand.

Graeme Coutts, group chief executive officer said: 'I am very pleased with the pace and progress of the integration of PWS. The acquisition has created a strategic bridgehead for Expro to meaningfully participate in new and important geographic markets as well as adding real capacity at a time when the outlook for products and services has seldom been stronger.

'I look forward to continued progress in the second half and beyond.'

[thamestrader] 19/9/2006 12:58

thanks for posting, grg

[grgkecer] 19/9/2006 11:34

Link to presentation:

[praipus] 20/6/2006 15:24

Deeply discounted rights issue 29%!!! Could be a good time to short the stock and buy the rights to cover if necessary and only if the shareholders go ahead in July.

Any view on paying a bit too much £675 million for £19 million profit seems a bit toppy IMHO. PE of 35!!!