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Dropped Entries
USO Long

New Watch List Entries
PH Parker Hannifin
CRR Carbo Ceramics

Current Watch List


Based on the recent announcements by BP it may be time to take another run at this stock. When Thunderhorse comes online in Q3 it should get a lot of press due to the high volume of oil they expect to produce. Maybe BP's troubles are over.

Company Info:

BP p.l.c. (BP) is a holding company. The Company three business segments: Exploration and Production, Refining and Marketing and Gas, Power and Renewables. Exploration and Productions activities include oil and natural gas exploration, development and production (upstream activities), together with related pipeline, transportation and processing activities (midstream activities). The activities of Refining and Marketing include the supply and trading, refining, marketing and transportation of crude oil, petroleum and chemicals products. Gas, Power and Renewables activities included marketing and trading of gas and power, marketing of liquefied natural gas (LNG), natural gas liquids (NGLs) and low-carbon power generation through its Alternative Energy business. During the year ended December 31, 2007, BP acquired Chevrons Netherlands manufacturing company, Texaco Raffiniderij Pernis B.V. In April 2008, BP registered in Russia its subsidiary BP Exploration Services.

Breakdown trigger: $68. *** New trigger ***

Buy 2010 $70 LEAP Call WAO-AN


COP - ConocoPhillips

COP is still running and I am not going to chase them. I am going to raise the trigger slightly but just to support.

Company Info:

ConocoPhillips is an international, integrated energy company. It has six operating segments. Exploration and Production segment explores for, produces and markets crude oil, natural gas and natural gas liquids. Midstream segment gathers, processes and markets natural gas, and fractionates and markets natural gas liquids, primarily in the United States and Trinidad. Refining and Marketing segment purchases, refines, markets and transports crude oil and petroleum products. LUKOIL Investment segment consists of its equity investment in the ordinary shares of OAO LUKOIL. The Chemicals segment manufactures and markets petrochemicals and plastics on a worldwide basis. Emerging Businesses segment includes the development of new technologies and businesses outside the Companys normal scope of operations. In October 2007, American Electric Power Company, Inc. sold its 50% interest in the Sweeny Cogeneration plant in Texas to ConocoPhillips.

Breakdown trigger: $84 *** New Trigger ***

BUY 2010 $90 LEAP Call YRO-AR


FLR - Fluor

Earnings are the 12th. Maybe we can catch a dip back to support.

Company Info:

Fluor Corporation is a holding company that, through its subsidiaries, provides engineering, procurement and construction management (EPCM) and project management services. Fluor serves a number of industries worldwide, including oil and gas, chemical and petrochemicals, transportation, mining and metals, power, life sciences and manufacturing. Fluor is also a primary service provider to the United States Federal Government. It performs operations and maintenance activities for major industrial clients, and also operates and maintains their equipment fleet. The Company is aligned into five principal operating segments: Oil and Gas, Industrial and Infrastructure, Government, Global Services and Power. Fluor Constructors International, Inc., which is organized and operates separately from its business segments, provides unionized management, construction and management services in the United States and Canada, both independently and as a subcontractor on projects to its segments

Breakdown trigger: $150 *** New Trigger ***

Buy 2010 $160 LEAP Call LLF-AL
Sell 2010 $230 LEAP Call LLF-AV


FWLT - Foster Wheeler

Company Info:

Foster Wheeler Limited operates through two business groups, the Global Engineering & Construction Group (Global E&C Group) and the Global Power Group. The Global E&C Group, which operates globally, designs, engineers and constructs onshore and offshore upstream oil and gas processing facilities, natural gas liquefaction facilities and receiving terminals, gas-to-liquids facilities, oil refining, chemical and petrochemical, pharmaceutical and biotechnology facilities and related infrastructure, including power generation and distribution facilities, and gasification facilities. The Global Power Group designs, manufactures and erects steam generating and auxiliary equipment for electric power generating stations and industrial facilities globally. In February 2008, the Company completed the acquisition of Biokinetics. On April 7, 2006, the Company completed the purchase of the remaining 51% interest in MF Power.

Breakout trigger: $71 *** New Trigger ***

Buy 2010 $80 LEAP Call LWM-AP

Breakdown trigger: $62 *** New Trigger ***

Buy 2010 $70 LEAP Call LWM-AN


PH - Parker Hannifin

I have been waiting for a pullback in PH since the April 22nd spike but the only direction appears to be up.

Company Info:

Parker-Hannifin Corporation is a full-line diversified manufacturer of motion control products, including fluid power systems, electromechanical controls and related components. In addition to motion control products, the Company also is a producer of fluid purification, fluid and fuel control, process instrumentation, air conditioning, refrigeration, electromagnetic shielding and thermal management products and systems. Its manufacturing, service, distribution and administrative facilities are located in 35 states and in 42 foreign countries. Its motion control technology is used in the products of its three principal business segments: Industrial, Aerospace, and Climate & Industrial Controls. The products are sold as original and replacement equipment through product and distribution centers worldwide. Parker products are supplied to over 427,000 customers in manufacturing, transportation and processing industry. In April 2008, the Company acquired Vansco Electronics and Ventrex Inc.

Breakout trigger: $85

Buy 2010 $90 LEAP Call LWU-AR

Breakdown trigger $80

Buy 2010 $90 LEAP Call LWU-AR


CRR - Carbo Ceramics

I watched Carbo rally from $35 to $50 without a dip. Finally last week it appeared there was going to be a decline but it stopped at $45. I am afraid of the market next week but I don't want to miss this one if it starts moving higher again.

Company Info:

CARBO Ceramics Inc. is a producer and supplier of ceramic proppant and a provider of fracture and reservoir diagnostic services and fracture simulation software through its subsidiary, Pinnacle Technologies, Inc. (Pinnacle). The Company conducts its business within two operating segments: Proppant and Fracture and Reservoir Diagnostics. The Proppant segment consists of manufacturing and selling ceramic proppant for use primarily in the hydraulic fracturing of oil and natural gas wells. Through its Fracture and Reservoir Diagnostics segment, the Company provides fracture mapping and reservoir diagnostic services, sells fracture simulation software and provides engineering services to oil and gas companies worldwide. Sales outside the United States accounted for 34% of the Companys sales during the year ended December 31, 2007. The Companys largest customers for ceramic proppant are BJ Services Company, Halliburton Energy Services, Inc. and Schlumberger Limited.

Breakout trigger: $48

Buy Dec $50 Call CRR-LJ

Breakdown trigger: $45

Buy Dec $50 Call CRR-LJ

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