Current Watch List
CAM - Cameron
CAM posted excellent earnings but disappointed on guidance to stop us out of the last position. I am going to reinstate CAM on a trade at $45.
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: $45.00
Buy: 2009 $50 LEAP Call OKA-AJ
UNT - Unit Corp
Unit formed a nice base at $45 and has rebounded to resistance at $50 and appears about ready to break that resistance and sprint higher.
Unit Corporation (Unit), through its three principal wholly owned subsidiaries, Unit Drilling Company, Unit Petroleum Company and Superior Pipeline Company, L.L.C., contracts to drill onshore oil and natural gas wells for its own account and for others (land contract drilling); explores, develops, acquires and produces oil and natural gas properties for its own account (oil and natural gas exploration), and buys, sells, gathers, processes and treats natural gas for its own account and for third parties (mid-stream). Units existing contract drilling operations are focused primarily in the natural gas producing provinces of the Oklahoma and Texas areas of the Anadarko and Arkoma Basins, the Texas Gulf Coast, the North Texas Barnett Shale and the Rocky Mountain regions. Units primary exploration and production operations are also conducted in the Anadarko and Arkoma Basins and in the Texas Gulf Coast area with additional properties in the Permian Basin.
Breakout trigger: $52.00
Buy: Sept $55 Call UNT-IK