Current Watch List
BHI - Baker Hughes
Cratered with the service sector despite a good outlook from the company.
Baker Hughes Incorporated supplies products and technology services, and systems to the oil and natural gas industries worldwide. It operates in two segments, Drilling and Evaluation and Completion and Production. The Drilling and Evaluation segment provides products and services used to drill and evaluate oil and natural gas wells. Its products include drilling fluids, completion fluids, drill bits, and fixed-cutter polycrystalline diamond compact bits. This segment also offers fluids environmental services; drilling and evaluation services, which include directional drilling, measurement-while-drilling, and logging-while-drilling services; and formation evaluation and wireline completion, and production services. The Completion and Production segment provides wellbore construction, cased-hole completions, sand control and wellbore intervention solutions, as well as offers oilfield chemical programs for drilling, well stimulation, production, pipeline transportation, and maintenance programs. The segment also provides electrical submersible pump systems and progressing cavity pump systems. In addition, the company offers permanent monitoring systems and chemical automation systems. Baker Hughes offers its products primarily through its sales organizations, as well as through supply stores, independent distributors, agents, licensees, or sales representatives. The company was founded in 1972 and is headquartered in Houston, Texas.
Breakdown target: $80 *** New trigger ***
Buy 2009 $90 LEAP Call VBH-AR *** New Strike ***
DNR - Denbury Resources
Denbury Resources, Inc. engages in the acquisition, development, operation, and exploration of oil and natural gas properties in the Gulf Coast region of the United States, primarily in Louisiana, Mississippi, Alabama, and Texas. It holds interests in the Barnett Shale area in north central Texas; land and marshes of south Louisiana; and carbon dioxide reserves in the east of the Mississippi river. As of December 31, 2006, the company had 721 gross oil producing wells and 402 gross natural gas producing wells; and approximately 126,185 MBbls of proved oil reserves and 288,826 MMcf of proved natural gas reserves. Denbury Resources was founded in 1951 and is headquartered in Plano, Texas.
Buy June $60 Call DNR-FL
MTW - Manitowoc
MTW continues to raise estimates saying its crane division could see 20% growth in 2008. Nice rally already so we want to buy on a pullback.
The Manitowoc Company, Inc. is a diversified industrial manufacturer in three principal markets: Cranes and Related Products, Foodservice Equipment and Marine. The Crane business designs, manufactures and markets a line of crawler cranes, mobile telescopic cranes, tower cranes and boom trucks. Foodservice business is a manufacturer of cold side commercial foodservice products. It designs, manufactures and markets product lines of ice making machines, walk-in and reach-in refrigerators and freezers, fountain beverage delivery systems and other foodservice refrigeration products. Marine segment provides new construction, shiprepair and maintenance services for freshwater and saltwater vessels from four shipyards. On January 3, 2006, The Manitowoc Company, Inc. acquired ExacTech, Inc. On May 26, 2006, it acquired McCanns Engineering & Mfg. Co. and McCanns de Mexico, S.A. de C.V. In July 2007, it acquired Shirke Construction Equipments Pvt. Ltd.
Breakdown trigger: $44
Buy 2009 $50 LEAP Call VMT-AJ
CSR - China Security & Surveillance Technology
This company got a lot of buzz when it came public but faded fast. That fade is rapidly disappearing and a break over $24 could be the beginning of a strong run.
China Security & Surveillance Technology, Inc. (CSST), formerly known as Apex Wealth Enterprises Limited, is a holding company that owns two direct subsidiaries, China Safetech Holdings Limited and China Security & Surveillance Technology (PRC) Ltd. The Companys primary business operations are conducted through its indirect subsidiaries Golden Group Corporation (Shenzhen) Limited (Golden) and Shanghai Cheng Feng Digital Technology Co. Ltd. (Cheng Feng). Goldens business is focused on manufacturing, distributing, installing and maintaining security and surveillance systems in China. Cheng Fengs business is focused on the manufacturing, marketing and sales of security and surveillance related hardware, as well as the development and integration of software. CSST generates revenues primarily through the installation of security and surveillance systems, and sales of security and surveillance products.
Breakout trigger: $24.25
Buy Jun-08 $25.00 Call CSR-FE (no leaps)