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Dropped Entries

None


New Watch List Entries
FLS
Flowserve
VLO Valero
PBR Petrobras
CAM Cameron

Current Watch List

CAM - Cameron

Stopped out on Friday's dip we will reenter CAM on a move back over $47.50.

Company Info:

Cameron International Corp., formerly Cooper Cameron Corporation, is an international manufacturer of oil and gas pressure control and separation equipment, including valves, wellheads, controls, chokes, blowout preventers and assembled systems for oil and gas drilling, production and transmission used in onshore, offshore and subsea applications and provides oil and gas separation, metering and flow measurement equipment. It is also a manufacturer of centrifugal air compressors, integral and separable gas compressors and turbochargers. The Company's operations are organized into three separate business segments: Drilling & Production Systems (DPS), formerly the Cameron segment; Valves & Measurement (V&M), formerly the Cooper Cameron Valves segment, and Compression Systems (CS), formerly the Cooper Compression segment. In January 2006, the Company acquired the assets and liabilities of Caldon Company.

Breakout trigger: $47.50

Buy 2009 $50 LEAP Call OKA-AJ

Breakdown trigger: $42.50

Buy 2009 $50 LEAP Call OKA-AJ

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PBR - Petrobras

Stopped out on the bear market drop we will reenter PBR on strength or a further decline to support.

Company Info:

Petroleo Brasileiro S.A. - Petrobras (Petrobras) is a wholly owned enterprise of the Brazilian Government, which is responsible for all hydrocarbon activities in Brazil. The Company is engaged in a range of oil and gas activities. Petrobras operates in six segments: exploration and production, supply, distribution, gas and power, international and corporate. In June 2007, Petrobras announced that it completed transfer of all of the shares of Petrobras Bolivia Refinancion S.A. to YPF S.A. In March 2007, the Company, Braskem S.A. and Ultrapar Participacoes S.A. announced the acquisition of Grupo Ipiranga. In September 2006, the Company announced the closing of the acquisition by Petrobras America, Inc. (PAI), its wholly owned subsidiary in the United States Gulf of Mexico, of 50% of Pasadena Refining System Inc. In June of 2006, it completed the acquisition of 66% of Gaseba Uruguay-Grupo Gaz de France S.A. In November 2007, the Company acquired Suzano Petroquimica S.A.

Breakout trigger: $101.50

Buy 2009 $110 LEAP Call XVQ-AB

Breakdown trigger: $80.00

Buy 2009 $110 LEAP Call XVQ-AB

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VLO - Valero

Valero has strong support at $50 and we could see that level on the normal refinery swoon at the end of February if not before.

Company Info:

Valero Energy Corporation owns and operates 18 refineries located in the United States, Canada and Aruba that produce refined products, such as reformulated gasoline blendstock for oxygenate blending, gasoline meeting the specifications of the California Air Resources Board (CARB), CARB diesel fuel, low-sulfur and ultra-low-sulfur diesel fuel, and oxygenates (liquid hydrocarbon compounds containing oxygen). It also produces conventional gasolines, distillates, jet fuel, asphalt, petrochemicals and other refined products. It markets branded and unbranded refined products on a wholesale basis in the United States and Canada through a bulk and rack marketing network. It sells refined products through a network of approximately 5,800 retail and wholesale branded outlets in the United States, Canada and Aruba. During the year ended December 31, 2006, it sold all of its ownership interest in Valero GP Holdings, LLC. In July 2007, the Company sold its Lima, Ohio refinery to Husky Energy Inc.

Breakdown trigger: $50.00

Buy 2009 $60 LEAP Call VHB-AL

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FLS - Flowserve

This is a very strong maker of valves and control pumps for the oil industry as well as other sectors. The decline to $80 provided an entry point I would gladly take but I am hoping for one more dip to $75.

Company Info:

Flowserve Corporation (Flowserve) is a manufacturer and aftermarket service provider of flow control systems. The Company develops and manufactures precision-engineered flow control equipment, such as pumps, valves and seals, for critical service applications. It produces engineered and industrial pumps, industrial valves, control valves, nuclear valves, valve actuators and precision mechanical seals, and provides a range of related flow management services worldwide, primarily for the process industries. Flowserve Corporation offers a range of aftermarket equipment services, such as installation, advanced diagnostics, repair and retrofitting. The Company operates through three business segments: Flowserve Pump Division (FPD), Flow Control Division (FCD) and Flow Solutions Division (FSD). In June 2006, the Company acquired HydroTechnik Olomouc, s.r.o., a mechanical seal manufacturer based in Olomouc, Czech Republic.

Breakout trigger: $83.50

Buy July $90 Call FLS-GR

Breakdown trigger: $77.50

Buy July $90 Call FLS-GR
 

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