Wavefront Technology Solutions Inc V.WEE.H

Alternate Symbol(s): WFTSF

Energy Oil & Gas Equipment & Services

Wavefront Technology Solutions Inc. is engaged in the advancement of dynamic fluid injection technology for oil and gas well stimulation and improved/enhanced oil (IOR/EOR) recovery. Through its Powerwave technology, it provides the oil and gas industry to place fluids into the reservoir. The dynamic action of Powerwave’s fluid pulses diverts injected fluids away from established flow paths, achieving better fluid distribution. Its patented Powerwave process is an injection technology that improves the flow of fluids in geological materials, including sedimentary soils and fractured rock. These materials are composed of a solid matrix and pore structure, which contain fluids such as oil and gas. The Primawave process is a method for aiding in-ground environmental remediation clean-up strategies in contaminated sites. Primawave provides the environmental sector with a solution for aiding in the clean-up of contaminated sites. It deals directly with exploration and production companies.

TSXV:WEE.H - Post by User

Wavefront Technology Solutions Inc

Bullboard Posts

Post by everswannon Apr 30, 2010 12:49pm

280 Views

Post# 17049247

Fallout from BP Spill = more WEE

It's happening. Offshore drillers are under pressure.
Direct technological beneficiary = Wavefront.
No spills
Safe and cheap technology

Analysts will be zooming on this fact, next week.

https://www.reuters.com/article/idUSTRE63T35720100430

Oil stocks slide as Gulf spill grows

HOUSTON

Fri Apr 30, 2010 10:53am EDT

10:37am EDT

·Oil services shares slide as oil spill escalates

10:00am EDT

·UPDATE 1-CDS on Halliburton, Transocean widen sharply-Markit

9:58am EDT

·CDS on Halliburton, Transocean widen sharply-Markit

9:45am EDT

·UPDATE 1-FBR cuts Halliburton, Transocean on Gulf of Mexico woes

8:31am EDT

Stocks

Reuters) - Shares of companies that provided services or operated the sunken Deepwater Horizon drilling rig, including Halliburton Co (HAL.N) and Transocean Ltd (RIGN.S) (RIG.N), fell sharply on Friday as worry about liability from a growing oil spill in the U.S. Gulf of Mexico mounted.

Hot Stocks

The Philadelphia Stock Exchange Index of oilfield services company .OSX, which includes Halliburton and Transocean, fell almost 4 percent in morning trading.

"This direct liability concern is valid, but longer term concern for disruption to activity in deepwater Gulf of Mexico and (and potentially elsewhere) is an incremental worry," energy research firm Tudor Pickering Holt & Co said in a note to clients on Friday. "(Exploration and production) companies generally indemnify the oil service companies and drillers against well control issues."

Transocean owned the Deepwater Horizon, which sunk last week after an explosion that likely killed 11 workers. Oil gushing from the ocean floor is heading toward the Louisiana shore, threatening wildlife and commercial fishing operations.

The rig was contracted to BP Plc (BP.L) (BP.N), which bears the cost of clean-up from a widening oil spill. Anadarko Petroleum Corp (APC.N) had a 25 percent interest in the well.

Halliburton provided a variety of work on the rig, while Cameron International Corp (CAM.N) supplied the blowout preventer for the rig.

Shares of BP traded in the U.S. fell 1.1 percent while shares of Transocean on the New York Stock Exchange skidded over 10 percent. Halliburton was down 5 percent and shares of Cameron tumbled 4 percent.

Anadarko shares were down nearly 6 percent on the NYSE in morning trading.

(Reporting by Anna Driver, editing by Gerald E. McCormick)

https://www.reuters.com/article/idUSSGE63T0F920100430

UPDATE 1-FBR cuts Halliburton, Transocean on Gulf of Mexico woes

Fri Apr 30, 2010 8:31am EDT

6:02am EDT

·Gulf state shrimpers sue BP over oil spill

Thu, Apr 29 2010

·UPDATE 1-U.S. Gulf state shrimpers sue BP over oil spill

Thu, Apr 29 2010

·Oil slick expected to hit coast reserve Thursday

Thu, Apr 29 2010

·Oil slick expected to hit coast reserve Thursday

Thu, Apr 29 2010

Stocks

Halliburton Company

HAL.N

$30.35

-1.25-3.96%

11:23am EDT

Transocean Ltd.

RIGN.S

CHF79.45

-7.10-8.20%

10:30am EDT

Transocean Ltd.

RIG.N

$73.12

-5.39-6.87%

11:24am EDT

* Says investors worried about potential liability

Stocks | Global Markets | Energy

* Cuts the stocks by a notch to "market perform"

April 30 (Reuters) - FBR Capital Markets cut oilfield services companies Halliburton Energy Services Inc (HAL.N) and Transocean Ltd (RIGN.S)(RIG.N) to "market perform" from "outperform," citing investor worry on potential liability related to the recent oil rig accident in the Gulf of Mexico.

An oil drilling rig, operated by Switzerland-based Transocean and on lease to London-based BP Plc (BP.L)(BP.N), exploded in flames on April 20 and collapsed two days later, leading to massive oil spills. [ID:nSPILL]

Following the incident, a class-action lawsuit was filed against oil giant BP, Transocean, owner of the Deepwater Horizon drilling platform, and Halliburton, which according to the suit, was engaging in cementing operations of the well and well cap. [ID:nN29178997]

"The stocks will be under an overhang of investor worry about their potential liability for this tragic accident for at least several months," analyst Robert MacKenzie wrote in a note to clients.

MacKenzie also cut his price target on the stock of Transocean to $87 from $110 and on Halliburton's stock to $35 from $44.