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WSM Wellstream

782.00
0.00 (0.00%)
10 May 2024 - Closed
Delayed by 15 minutes
Wellstream Investors - WSM

Wellstream Investors - WSM

Share Name Share Symbol Market Stock Type
Wellstream WSM London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 782.00 01:00:00
Open Price Low Price High Price Close Price Previous Close
782.00 782.00
more quote information »

Top Investor Posts

Top Posts
Posted at 08/10/2010 12:26 by wendsworth
spob : Bought another 5000 at 760 ..shows as a sell on ADVFN! The large investors aint selling.
Posted at 14/3/2010 21:38 by peterbill
Results out this week (I think) ...

16th March 2010

Announcement of Preliminary Results for Full Year 2009

A conference call for analysts and investors will be held at 09:00 am on 16 March 2010.
To participate in the conference call, dial: +44 (0)1452 568 051 (access code: 59406114).
A recording will also be available for 7 days after the call, dial: +44 (0)1452 550 000 (access code: 59406114).
Posted at 28/10/2009 21:15 by wsm812
Where are you now Bluepill, my target was met how about yours?

Hope you sold on my advice, otherwise you must be nursing a nasty loss by now.


"WsM812 - 11 Oct'09 - 15:09 - 2107 of 2125 edit

My prediction is for a return to the rising trend-line support between 515-525p. This is when I will return.

bluepill - 12 Oct'09 - 08:21 - 2108 of 2125

You've called it wrong, the support is at 550p. It bounced off that last week and is now heading up towards 800p.

WsM812 - 12 Oct'09 - 11:29 - 2109 of 2125 edit

Too early to call me wrong Bluepill, try this time next month to see who is correct. I will remain watching.

bluepill - 12 Oct'09 - 15:02 - 2110 of 2125

ok, i should have said, imo, but that's obvious and should go without saying. i forgot i was talking to private investors.

WsM812 - 12 Oct'09 - 15:26 - 2111 of 2125 edit

What a pretentious and snobbish response from you Bluepill, obviously you're not good enough to be a self-sufficient PI because you have to work for someone else.

You are now filtered - I don't need to be bothered by your sort."

I predict further falls, unless consolidation occurs tomorrow. 500p is a psychological barrier, if that fails then 460 is possible. What's your prediction Bluepill, still 800p? I have unfiltered you because I suddenly feel the need to read your response.
Posted at 12/10/2009 16:02 by bluepill
ok, i should have said, imo, but that's obvious and should go without saying. i forgot i was talking to private investors.
Posted at 19/8/2009 21:10 by matchstik
Company leaking info in advance of statement to get peeps used to the idea............? Wouldn't be the first time a management has done it and won't be the last. Standard tactics.

In reality the private investor has no idea where it's going until the RNS comes out!
Posted at 27/7/2009 16:50 by jaws6
news info
NEW YORK, July 27 - GLG Partners, among the world's largest hedge-fund managers, is launching an oil production company that will be listed on the London Stock Exchange this fall, people familiar with the plans said on Monday.

GLG, based in London but listing its own stock in New York, intends to seed a venture called Lothian, that will be floated on the London Stock Exchange in September and then acquire oil production assets worldwide. Lothian would begin with a market value of about $500 million, said the sources, who were not authorized to speak for attribution because the venture is still in the planning phases.

Some investors have been briefed on Lothian. Merrill Lynch, a unit of Bank of America and JP Morgan Cazenove, part of JPMorgan Chase & Co are advising GLG.

Launching an operating company like Lothian represents a departure for GLG, which manages $18 billion in hedge funds and more traditional long-only investments. Like most money managers, GLG typically purchases small stakes in public companies.

By comparison, banks like Goldman Sachs and Morgan Stanley have pursued investments in energy, natural resources and financial services by acquiring all or most of operating companies. GLG is scrambling to recover from last year, when assets under management fell by more than half and many clients fled.

To lead the new venture, GLG is putting together a management team including industry veterans like Tom Hickey, former finance director of Tullow Oil, and John Kennedy, chairman of oil services group Wellstream Holdings , according to the Internet edition of British newspaper the Telegraph.
Posted at 18/7/2009 19:47 by gumberr
Wellstream PLC - Oil Services Company with a Bright Future
by Tony D'Altorio

It may be fun to party with glamorous celebrities but experienced investors will look elsewhere for investment advice. Sophisticated investors realize that the long-term trend in energy demand and prices is up. They realize that the emerging markets have not disappeared and will not stop their rapid growth. The entire energy sector has now been beaten down to levels that represent true value and investors should be keen to explore that sector for future growth.

WELLSTREAM HOLDINGS PLC HISTORY

One company that definitely should be on the radar screen of investors is the UK-based Wellstream Holdings PLC. Wellstream is a leading designer and manufacturer of high quality, custom-made unbonded flexible pipeline systems for use primarily by the offshore oil and gas industry.

Wellstream has a long and successful history. The company was founded in 1983 in Panama City, Florida. Wellstream established itself as a niche market manufacturer supplying products to a broad range of offshore energy developers worldwide.

In 1995, Wellstream was acquired by Dresser Industries. Following the acquisition, the company began to emerge as a significant market player. Wellstream secured the largest flexible pipe contract ever to be awarded to that date from Norsk Hydro as part of the Troll Ojle and gas development offshore Norway.

In 1998, Wellstream became part of Halliburton (HAL 21.38 ↓0.70%), following the merger of Dresser Industries with Halliburton. The company continued to cement its market position during this period with continuing product development. Wellstream became the first company to qualify products for operation in water depths of 2000 meters following many years of work in technical cooperation with Petrobras (PBR 40.02 ↑1.55%).

WELLSTREAM - MAJOR OIL SERVICES COMPANY

In 2003, private equity firm, Candover Investment Partners and a management buy-in group acquired Wellstream. These investors later brought Wellstream public in an IPO in April 2007. The company has two major manufacturing facilities in Newcastle, England and Niteroi, Brazil along with other facilities in Calgary, Canada and Houston, Texas.

By revenue and production volume, Wellstream is the second largest producer of offshore flexible pipeline systems for the oil and gas industry (based on 2006 data). The company provides a range of products and services to support production, well servicing and mooring operations.

Wellstream has also developed two products for the onshore flowline and tank drain markets. One product, called FlexSteel (FLXS 7.8646 ↑5.57%), combines the advantages of flexible pipe with the reliability of steel pipe. The company is also considering entering into a niche segment of the offshore pipeline installation market, to provide a 'supply and install' package.


WELLSTREAM and BRAZIL

Perhaps the most important factor concerning the future of Wellstream is that much of the company's revenues are being generated by the exciting offshore discoveries in Brazil. In 2007, Brazil accounted for around 80 percent of Wellstream's revenues. Also in 2007, the company built their latest state-of-the-art manufacturing facility in Niteroi, Brazil.

Investors looking to participate in the major oil discoveries offshore Brazil can do so through Wellstream and the future for Wellstream looks even brighter.

So while Wall Street parties with celebrities and ignores the global energy problem, smart investors will be buying Wellstream at a bargain price.

Our recommendation: Buy Wellstream (WELLF: OTHER OTC)
Tony D'Altorio
Analyst, Wall Street Elite
Posted at 13/3/2009 13:31 by ceckyspunt
it would appear that market performance today suggests that investors are buying into the various stimulus packages around the world which will boost financial liquidity and help inflated dangerously deflated economies, but my worry is inflation!

consequently i am buying into gold stocks as a safe haven, and unhedged gold producers in particular!
Posted at 31/12/2008 21:16 by fivepounds
Here's some more research for Hardie and CWAVECREST the rich investors amongst us other poorer investors!:-
just can't do enough for the rich can we:-

Financial Highlights for the 6 months ended 30 June 2008
Strong Growth:

Revenue up 82% to £181.4m
Operating Profit up 267% to £42.5m
Forward visibility underpinned by some £750 million of awards

Ramp up of production continues on plan (


Expansion programme on plan to deliver 40% additional capacity in 2009

Maiden Dividend 4p per share
Posted at 21/11/2008 11:07 by serious
The case for buying oil stocks (if you dare)
Investor Daily: Even with gas prices in free fall and the global economy sputtering, it's time to bulk up on oil shares.
By Brian O'Keefe, senior editor
November 21, 2008: 4:58 AM ET


Fortune Investor Daily
The case for buying oil stocks (if you dare)

NEW YORK (Fortune) -- Last week, the Paris-based International Energy Agency released its World Energy Outlook 2008 - a 578-page book full of future supply, demand, and price estimates which this year also included an eagerly-awaited study of 800 of the world's largest oil fields.

Here's the executive summary: Buy oil stocks.

Considering that the price of oil has plummeted from $147 a barrel in early July to below $50 and that the global economic slowdown is putting a major damper on demand, that might not seem like such a good idea. But as the IEA study makes clear, the long-term supply and demand picture for oil continues to favor higher prices. Maybe much higher.

The report estimates that energy demand will grow 1.6% a year on average through 2030, for a total increase of 45%. To meet that demand, daily oil production will need to rise from today's level of 85 million barrels to 106 million barrels. The study found high and rising depletion rates at existing oil fields that will make it increasingly hard for new supplies to keep pace. So, the IEA says, the world needs to invest some $26 trillion over the next couple of decades in infrastructure and exploration.

"Given what we know about the decline rates, just to stay flat [in global oil production] we'd have to add the equivalent of four Saudi Arabias between now and 2030," said Matt Simmons, chairman of Houston energy investment bank Simmons & Co. International and author of Twilight in the Desert, the 2005 book that argues that even oil-rich Saudi Arabia's petroleum production might have peaked. "It's a very, very scary study. It's hard to argue with the data and it's ghastly what the data says."

Over the next seven years, the IEA predicts that the price of oil will average $100 a barrel, and rise to more than $110 by 2030. "The era of cheap oil is over," Nobuo Tanaka, the IEA executive director, told reporters at a press conference in London.

If Tanaka is right, the vicious sell-off in the equity markets over the past couple of months makes this a historically good entry point for investors looking to grab oil-industry bargains.

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