Why the Downgrade?
A number of negative factors, including over-reliance on a limited group of customers for bulk sales, an unexpected incident at the Blacksville No. 2 Mine and slow progress in the coal market have led us to downgrade our recommendation on the stock.
These factors also affected the Zacks Consensus Estimate. Over the past 90 days, the consensus estimate for second-quarter 2013 has decreased by 3 cents to 18 cents reflecting an estimated decline of 40.7% year over year.
Cause for Concern
CONSOL Energy depends on a limited group of customers for selling coal in bulk amounts. If the company fails to ink new deals or/and retain existing customers, its future performance will be affected.
We note that coal mining in Blacksville No. 2 Mine was suspended for nearly two months, when smoke was detected at the Orndoff shaft near Wayne in Greene County. Though CONSOL Energy has resumed operations at the mine after implementing the necessary measures, the incident has once again raised questions regarding the safety of underground mining.
Top 5 Trucking Stocks To Watch For 2015: Endocan Corp (ENDO)
Endocan Corp, formerly The X-Change Corporation, incorporated on October 4, 2000, offers nutraceuticals and cosmetics in the United States. The Company provides lip balms, eczema moisturizing cream, sunscreen, and anti-ageing serum under the Phytiva brand name. The Company specializes in developing all natural, organic, bio hemp health, beauty, and cosmetics products.
The Phytiva serum uses only natural ingredients, including, but not limited to, hemp oil extract. The Company specializes in Cannabinoid-based extracts and products that target medical cannabis, nutraceutical, cosmeceutical, and social usage solutions through multiple Phytiva Brand product lines, products, and services.
Advisors' Opinion:- [By Peter Graham]
Next Generation Energy Corp (OTCMKTS: NGMC) and Dutch Gold Resources, Inc (OTCMKTS: DGRI) are the latest small cap stocks to announce their entry into the marijuana business while peer Endocan Corp (OTCMKTS: ENDO) sees some paid promotions or investor relations activities, but otherwise remains quiet. So will investors and traders alike achieve a high with any of these small cap marijuana stocks? Here is a quick reality check:
Top Forestry Stocks To Own Right Now: The Charles Schwab Corporation(SCHW)
The Charles Schwab Corporation, through its subsidiaries, provides securities brokerage, banking, and related financial services to individuals and institutional clients. It offers various brokerage products and services comprising brokerage accounts with check-writing features, debit card, and billpay; individual retirement accounts; retirement plans for small to large businesses; college savings accounts; designated brokerage accounts; equity incentive plan accounts; and margin loans, as well as access to fixed income securities, equity and debt offerings, options, and futures. The company also provides various banking products and services, including checking accounts linked to brokerage accounts, savings accounts, certificates of deposit, demand deposit accounts, first mortgages, home equity lines of credit, and personal loans collateralized by securities. In addition, it offers trust custody services, personal trust reporting services, and administrative trustee servi ces; advisory services comprising separately managed accounts, customized personal advice for tailored portfolios, and planning and portfolio management; and third-party mutual funds, such as no-load mutual funds, proprietary mutual funds, and other third-party mutual funds, as well as mutual fund trading and clearing services to broker dealers. Further, the company offers third-party and proprietary exchange-traded funds; research, analytic tools, performance reports, market analysis, and educational materials; custodial, trading, technology, practice management, trust asset, and other support services to independent investment advisors; and retirement plan recordkeeping and related services, retirement plan trust and custody services, specialty brokerage services, and mutual fund clearing services. It operates primarily in the United States, the United Kingdom, and Hong Kong. The company was founded in 1971 and is headquartered in San Francisco, California.
Advisors' Opinion:- [By Kiplinger]
Getty Images Two of the best retirement-savings options for self-employed people are a solo 401(k) and a simplified employee pension, or SEP. Contributions to either type of account are tax-deductible and grow tax-deferred until you tap the money in retirement. The deadline depends on the type of account you choose. You must set up a solo 401(k) by Dec. 31, if you don't already have an account, but then you have until April 15, to make your 2013 contributions. You have until April 15, to open a SEP account and make your 2013 contributions. In a solo 401(k), you can contribute up to $17,500 plus up to 20 percent of your net self-employment income (business income minus half of your self-employment tax), for a maximum contribution of $51,000 for 2013. Your total contributions cannot exceed your self-employment income for the year. If you're 50 or older in 2013, you can make catch-up contributions to a solo 401(k) of up to $5,500, for a maximum contribution of $56,500. Some solo 401(k)s also let you take out loans. The maximum contribution for a SEP is the same as for a solo 401(k) -- $51,000 for 2013 -- but you are limited to contributing up to 20 percent of your net self-employment income. SEPs are usually easier to set up. You can open one at most brokerage firms, mutual fund companies or banks that offer IRAs, and you can usually invest in any mutual funds, stocks, bonds or other investments available in the firm's IRAs. You can't take loans from a SEP account. Most people can set aside more money in a solo 401(k) plan than in a SEP. Say, for example, you earn $15,000 in net self-employment income from a freelance job for the year. You can contribute the full $15,000 to a solo 401(k), but you can only contribute $3,000 to a SEP (20 percent of $15,000). You need to be careful with solo 401(k) limits if you have a 401(k) through an employer and also have some freelance earnings. In that case, your total employee deferrals to your employer's plan and yo
- [By Dan Caplinger]
Charles Schwab (NYSE: SCHW ) will release its quarterly report next Tuesday, and investors aren't expecting a blowout quarter for the discount brokerage company. Yet with the stock trading near five-year highs, there's rising optimism that the company has put its worst days behind it, and that Schwab earnings could easily rise considerably from here.
- [By Ben Levisohn]
Even the discount brokers would benefit. In a report released yesterday, Bernstein’s Brad Hintz noted that for every percentage point increase in rates,�Charles Schwab’s (SCHW) net revenue would grow 4%, while eliminating fee waivers would add another 12%. Similarly, every percentage point rate increase would add 11% to 15% to�TD Ameritrade’s (AMTD) pre-tax income.
Top Forestry Stocks To Own Right Now: Einstein Noah Restaurant Group Inc (BAGL)
Einstein Noah Restaurant Group, Inc. (ENRGI), incorporated on October 21, 1992, is an owner/operator, franchisor and licensor of bagel specialty restaurants in the United States. ENRGI operates under the Einstein Bros. Bagels (Einstein Bros.), Noah�� New York Bagels (Noah��) and Manhattan Bagel Company (Manhattan Bagel) brands. ENRGI operates in three business segments: the Company-owned restaurants segment, the manufacturing and commissary segment, and the franchise and license segment. The Company-owned restaurants segment includes the restaurants that it owns. The manufacturing and commissary segment produces and distributes bagel dough and other products to its Company-owned restaurants, licensees and franchisees and other third parties. The franchise and license segment earns royalties and other fees from the use of trademarks and operating systems developed for the Einstein Bros., Noah�� and Manhattan Bagel brands.
During the fiscal year ended January 1, 2013 (fiscal 2012), ENRGI acquired eight restaurants and opened an additional 15 Company-owned restaurants. It closed one Company-owned restaurant during fiscal 2012. On January 31, 2012, the Company sold a Company-owned restaurant. As of January 1, 2013, it had 816 restaurants in 39 states and in the District of Columbia. In January 2013, the Company opened an Einstein Bros. franchise in Montana. Its product offerings include fresh-baked bagels and other bakery items baked onsite, ma de-to-order breakfast and lunch sandwiches on a range of bagels, breads or wraps, gourmet soups and salads, assorted pastries, premium coffees and an assortment of snacks. Its manufacturing and independent distribution network delivers ingredients that are delivered fresh to its restaurants.
Company-owned restaurants
Einstein Bros. offers a menu that provides food for breakfast and lunch, including fresh-baked bagels and hot breakfast sandwiches, freshly prepared lunch sandwiches, cream cheese and other spreads, specia! lty coffees and teas, soups, salads and other menu offerings. Noah�� is a neighborhood-based bakery/deli restaurant that serves fresh-baked bagels, hot breakfast sandwiches, made-to-order deli-style sandwiches, cream cheese and other spreads, specialty coffees and teas, soups, salads and other menu offerings. Manhattan Bagel provides a traditional New York style boil and baked bagel. Manhattan Bagel also serves a range of grilled sandwiches, freshly made deli sandwiches, freshly prepared breakfast sandwiches, soups, and a range of other fresh-baked sweets. Similar to Einstein Bros. and Noah��, Manhattan Bagel also features a line of fresh brewed coffees and specialty coffee/espresso beverages. During fiscal 2012, ENRGI generated approximately 90% of its total revenue from restaurant sales at its Company-owned restaurants.
Manufacturing and Commissaries
ENRGI operates a bagel dough manufacturing facility in Whittier, California and has contracts with two suppliers to produce bagel dough and sweets to the specifications. These facilities provide frozen dough, partially-baked frozen bagels and fully baked sweets for its Company-owned restaurants, franchisees and licensees. These operations provide the restaurants with food products, such as sliced meats, cheeses, and/or certain salad ingredients. It has recipes and production processes for the bagel dough, cream cheese and coffee. Frozen, or partially baked and frozen, bagel dough is shipped to all of its Company-owned, franchised and licensed restaurants where the dough is then baked onsite. Its purchases other ingredients used in the restaurants, such as meat, lettuce, tomatoes and condiments, from a select group of third party suppliers.
Franchise and Licensing
ENRGI offers Einstein Bros. franchises to qualified area developers. As of January 1, 2013, the Company was registered to offer Einstein Bros. franchises in 49 states and the District of Columbia. It also has a franchise base in the Manhatt! an Bagel ! brand. Its licensees are located primarily in colleges and universities, hospitals, airports and military bases. As of February 25, 2013, it had 28 development agreements in place for 136 total restaurants, 34 of which have already opened. During fiscal 2012, it opened 13 franchised locations and 27 licensed locations. During fiscal 2012, approximately 3% of its total revenue was generated by the Company�� franchise and license operations.
Advisors' Opinion:- [By Peter Graham]
The Q1 2014 Potbelly Corp (NASDAQ: PBPB) earnings report is scheduled for after the market closes on Tuesday, May 6th, with investors and traders alike who follow either the sandwich restaurant chain stock (which debuted last October and is down some 44% for retail investors)�or who are into potential small cap peers like Cosi Inc (NASDAQ: COSI), Einstein Noah Restaurant Group, Inc (NASDAQ: BAGL) and Panera Bread Co (NASDAQ: PNRA) should be paying attention. Aside from the Potbelly Corp earnings report, it should be said that the Q1 2014 Panera Bread Co earnings report was last Tuesday while the�Q1 2014 Einstein Noah Restaurant Group, Inc earnings report came last Thursday and the the Q1 2014 Cosi Inc�earnings report is likely scheduled for Monday, May 12. However, Potbelly Corp has attracted a bit of attention for its potential growth trajectory as well as its�vision to be the ��eighborhood Sandwich Shop.��/p>
- [By John Udovich]
At the end of last week, small cap sandwich stock Potbelly Corp (NASDAQ: PBPB) had a delicious surge of 120% for its IPO���meaning its probably a good idea to see whether its still worth getting in on the action plus take a look at the performance of peers�Cosi Inc (NASDAQ: COSI), Panera Bread Co (NASDAQ: PNRA) and Einstein Noah Restaurant Group, Inc (NASDAQ: BAGL) as Subway remains private. I should mention that competing with Subway in the sandwich business is a tall order as they have 40,229 restaurants in 102 countries and territories as of early September���making them the�largest single-brand restaurant chain and the largest restaurant operator globally. However, Potbelly Corp and its peers Cosi Inc, Panera Bread Co and Einstein Noah Restaurant Group aren�� slugging it out directly with Subway.
Top Forestry Stocks To Own Right Now: G Willi-Food International Ltd (WILC)
G. Willi-Food International Ltd., incorporated in January 1994, is engaged, directly and through subsidiaries, in the development, import, export, manufacturing, marketing and distribution of a range of over 600 food products worldwide. The Company purchases food products from over 150 suppliers located in Israel and throughout the world, including from the Far East (China, India, the Philippines and Thailand), Ethiopia, Eastern Europe (Poland, Lithuania, Bulgaria and Latvia), South America (Ecuador and Costa Rica), the United States, Canada, Western and Central Europe (the Netherlands, Belgium, Monaco, Germany, Sweden, Switzerland, Denmark, and France) and Southern Europe (Spain, Portugal, Italy, Turkey, Greece). The Company's products are marketed and sold to approximately 1,500 customers in Israel and around the world including to supermarket chains, wholesalers and institutional consumers. The Company markets most of its products under the brand name Willi-Food. On January 1, 2012, the Company completed the sale of its entire 51% ownership interest in Shamir and closed its manufacturing segment.
As of December 31, 2012, the Company�� customers includes the Israeli supermarket chains in the organized market in Israel, which includes Shufersal Ltd. (including the chains: Shufersal Deal, Shufersal Deal Extra, Shufersal Sheli, Shufersal, Yesh, Shufersal Express and Katif); Mega Retail Ltd. (which also includes Mega, MegaBool, Mega in the City and Zol B'Shefa), and Co-Op Israel (which also includes Co-Op Jerusalem, Mister Zol and Pashut Zol). The Company contracts with the supermarket chains in the organized market through the buyers in the head office of the supermarket chain, and then the Company receives orders from the logistic center or directly from their stores. Merchandise is then delivered directly to each branch or to the supermarket�� chain distribution center. Its secondary major group of customers includes private supermarket chains, mini-markets, wholesalers, food manufac! turers, institutional consumers, such as catering halls, hotels, hospitals and food service companies and food producers, and customers in the Palestinian Authority.
.
The Company�� imports, markets and distributes a range of over 600 food products. These products are sold by the Company and by Gold Frost. The principal products in the import segment product line are Canned Vegetables and Pickles, including including mushrooms (whole and sliced), artichoke (hearts and bottoms), beans, asparagus, capers, corn kernels, baby corn, palm hearts, vine leaves (including vine leaves stuffed with rice), sour pickles, mixed pickled vegetables, pickled peppers, an assortment of black and green olives, garlic, roasted eggplant sun and dried tomatoes. These products are primarily imported from China, Greece, Thailand, Turkey, India, and The Netherlands; canned fish, including tuna (in oil or in water), sardines, anchovies, smoked and pressed cod liver, herring, fish paste and salmon. These products are primarily imported from the Philippines, Thailand, Greece, Germany and Sweden; Canned Fruit, including pineapple (sliced or pieces), peaches, apricot, pears, mangos, cherries, litchis and fruit cocktail. These products are primarily imported from China, the Philippines, Thailand, Greece and Europe.; Edible Oils, including olive oil, regular and enriched sunflower oil, soybean oil, corn oil and rapeseed oil. These products are primarily imported from Belgium, Argentina, Turkey, Italy, Holland and Spain; dairy and dairy substitute products, including hard and semi-hard cheeses (parmesan, edam, kashkaval, gouda, havarti, cheddar, pecorino, manchego, maasdam, rossiysky, iberico and emmental), molded cheeses (brie, camembert and danablu), feta, Bulgarian cheese, goat cheese, fetina, butter, yogurts, butter spreads, margarine, melted cheese, cheese alternatives, condensed milk, coffee whitener, pizzas, ice cream, whipped cream and others. These products are primarily imported from Greece, France, Latvia, Denma! rk, Bulga! ria, Italy, and The Netherlands.
Dried Fruit, Nuts and Beans, including figs, apricots, chestnuts, sunflower seeds, sesame seeds, walnuts, pine nuts, cashew nuts, pistachio and peanuts. These products are primarily imported from Greece, Turkey, India, China, Thailand and the United States, and other products, including, among others, instant noodle soup, Manchu, breadstick coffee creamers, lemon juice, halva, Turkish delight, cookies, vinegar, sweet pastry and crackers, sauces, corn flour, rice, rice sticks, pasta, spaghetti and noodles, breakfast cereals, corn flakes, rusks, couscous, rusks, gnocchi, tortilla, dried apples snacks, chocolate bars and chocolate paste, tea, deserts (such as tiramisu and pastries), light and alcoholic beverages (such as ouzo, sangria and mohito) and more. These products are primarily imported from The Netherlands, Germany, Romania, Italy, Greece, Belgium, the United States, Scandinavia, Switzerland, China, Thailand, Turkey, India, and South America.
The Company competes with Shemen, Taaman, Solbar, Fodor (Starkist and Yona), Posidon, Williger, Filtuna, Vita Pri HaGalil, Shastowits, Yachin-Zan laKol, Williger, Alaska, Johnson, Osem, Barila, Tomer, Tnuva, Tara, Strauss, Seyman, Gad Dairy, and Meshek Zuriel.
Advisors' Opinion:- [By GURUFOCUS]
Fair Value: In calculating fair value, I consider the NPV MMA Differential Fair Value along with these four calculations of fair value, see page 2 of the linked PDF for a detailed description:
1. Avg. High Yield Price
2. 20-Year DCF Price
3. Avg. P/E Price
4. Graham Number
SYY is trading at a premium to all four valuations above. The stock is trading at a 37.5% premium to its calculated fair value of $26.26. SYY did not earn any Stars in this section.
Dividend Analytical Data: In this section there are three possible Stars and three key metrics, see page 2 of the linked PDF for a detailed description:
1. Free Cash Flow Payout
2. Debt To Total Capital
3. Key Metrics
4. Dividend Growth Rate
5. Years of Div. Growth
6. Rolling 4-yr Div. > 15%
SYY earned two Stars in this section for 2.) and 3.) above. The stock earned a Star as a result of its most recent Debt to Total Capital being less than 45%. SYY earned a Star for having an acceptable score in at least two of the four Key Metrics measured. The company has paid a cash dividend to shareholders every year since 1970 and has increased its dividend payments for 43 consecutive years.
Dividend Income vs. MMA: Why would you assume the equity risk and invest in a dividend stock if you could earn a better return in a much less risky money market account (MMA) or Treasury bond? This section compares the earning ability of this stock with a high yield MMA. Two items are considered in this section, see page 2 of the linked PDF for a detailed description:
1. NPV MMA Diff.
2. Years to > MMA
The NPV MMA Diff. of the $282 is below the $500 target I look for in a stock that has increased dividends as long as SYY has. If SYY grows its dividend at 3.6% per year, it will take 3 years to equal a MMA yielding an estimated 20-year average rate of 3.41%. SYY earned a check for the Key Metric 'Years to >MMA' since its 3 years is le - [By Peter Graham]
The Q4 2014 earnings report for Dubai headquartered specialty Basmati rice stock Amira Nature Foods Ltd (NYSE: ANFI), a potential performance peer of other specialty food stocks like The Chefs Warehouse, Inc (NASDAQ: CHEF) and Israel based G Willi-Food International Ltd (NASDAQ: WILC), is due out before the market opens on Tuesday. Aside from the Amira Nature Foods Ltd earnings report, it should be said that The Chefs Warehouse, Inc reported Q1 2014 on May1st (results were negatively impacted by the severe weather that affected many of our core markets) while G Willi-Food International Ltd reported Q1 2014 earnings on May 28th (results were�affected by a decline of consumption by Israeli customers). However, Amira Nature Foods Ltd shares fell as much as 22% after reporting third-quarter earnings back in February plus the stock is the sixth most shorted stock on the NYSE with short interest of 45.30%�according to HighShortInterest.com.
Top Forestry Stocks To Own Right Now: Wright Medical Group Inc.(WMGI)
Wright Medical Group, Inc., an orthopedic medical device company, engages in the design, manufacture, and marketing of devices and biologic products for the extremity, hip, and knee repair and reconstruction. The company also provides surgical solutions for the foot and ankle market. The reconstructive devices are used to replace knee, hip, and other joints and bones that are deteriorated or damaged through disease or injury; and biologics are used to replace damaged or diseased bone to stimulate bone growth and to provide other biological solutions for surgeons and their patients. Wright Medical Group, Inc. offers products in the extremity reconstruction, biologics, knee reconstruction, and hip reconstruction market sectors. It sells its products primarily through a network of employee sales representatives and independent sales representatives in the United States, as well as through a combination of employee sales representatives, independent sales representatives, and stocking distributors in Europe, the Middle East, Africa, Latin America, Asia, Australia, and Canada. The company was founded in 1950 and is headquartered in Arlington, Tennessee.
Advisors' Opinion:- [By CRWE]
Wright Medical Group, Inc. (NASDAQ:WMGI), a global orthopaedic medical device company, will be participating in the Morgan Stanley Global Healthcare Conference on Tuesday, September 11, 2012 at the Grand Hyatt Hotel in New York, NY.
- [By Sean Williams]
What: Shares of Wright Medical Group (NASDAQ: WMGI ) , an orthopedic medical device manufacturer, surged as much as 10% after announcing the sale of its OrthoRecon business.
Top Forestry Stocks To Own Right Now: Forum Energy Technologies Inc (FET)
Forum Energy Technologies, Inc. incorporated on May 10, 2005, is an oilfield products company, serving the subsea, drilling, completion, production and infrastructure sectors of the oil and natural gas industry. The Company designs and manufactures products, and engage in aftermarket services, parts supply and related services that complement its product offering. It operates in two segments: Drilling and Subsea Segment and Production and Infrastructure Segment. In December 2012, the Company acquired Merrimac Manufacturing, Inc. (Merrimac). In May 2013, the Company acquired Blohm + Voss Oil Tools from STAR Capital Partners Limited. In July 2013, Forum Energy Technologies Inc acquired Moffat 2000 Ltd.
Drilling and Subsea Segment
The Company designs and manufactures products and provides related services to the drilling, well construction, completion, intervention and subsea construction and services markets. Through this segment, it offers Subsea Technologies, including robotic vehicles and other capital equipment, specialty components and tooling, a range of complementary subsea technical services and rental items, and applied products for subsea pipelines. It offers Drilling Technologies which include capital equipment and a range of products consumed in the drilling and well intervention process. It offers Downhole Technologies, including cementing and casing tools, completion products, and a range of downhole protection solutions.
The Company designs and manufactures subsea capital equipment; specialty components and tooling; and applied products for subsea pipelines; and it also provides a suite of complementary subsea technical services and rental items. It has a core focus on the design and manufacture of unmanned submarines, remotely operated vehicles (ROVs), as well as other specialty subsea vehicles. The Company�� brands include its Perry and Sub-Atlantic vehicle brands. Its related technical services complement its vehicle offering by providing the m! arket with a selection of critical product solutions and rental items that enhance its customers��ability to operate in harsh subsea environments. The market for subsea ROVs can be segmented into three classes of vehicles based on size and category of operations: large work-class vehicles for subsea construction activities; drilling-class vehicles for use around an offshore rig, and observation-class vehicles for inspection and light manipulation. The Company is a provider of work-class and observation-class vehicles.
The Company manufactures ROV components, such as a range of Sub-Atlantic branded ROV thrusters. It designs and manufactures thrusters for incorporation into its own vehicles, as well for sale to other ROV manufacturers. It also designs and manufactures a tether management system (TMS). It also provides a suite of subsea tooling, both industry standard and custom designed for subsea applications. Industry standard tooling includes hot stabs, cable cutters, torque tools and indicators.
The vehicle-related subsea products, its Offshore Joint Services (OJS) brand is a provider of applied protective coatings on rigid subsea pipeline field joints, spools, and structures. Its VisualSoft product line provides another related technical product that reinforces in subsea vehicles and products. It sells or rents VisualWorks and VisualDVR Digital Video Systems that provide a solution for digital video capture, playback, processing and reporting of pipeline, structural or other inspection survey data. These products are often used in conjunction with the operation of inspection class ROVs or diving personnel when conducting survey work.
Geoscience Earth and Marine Science (GEMS) is its geophysical and geotechnical engineering group that provides consulting services to the oil and gas, and marine industries. It provides an interpretation service based on the analysis of third party subsea data provided by clients. The business has broadened into managing every p! hase of p! roject development, including scope of work, liaising with data acquirers, interpretation and analysis. Its primary customer base consists of oil and gas operator producers.
The Company provides both drilling consumables and capital equipment, including powered and manual tubular handling equipment, specialized torque equipment, customized offline crane systems, drilling data acquisition management systems, pumps, valves, manifolds, drilling fluid-end components, pressure control equipment for both coiled tubing and wireline well intervention operations and a broad line of items consumed in the drilling process. The Company has a core focus on products that enhance its customers��handling of tubulars on the drilling rig.
The Company designs and manufactures specialized torque equipment and related control systems for tubular connections, including high torque stroking, or bucking, units, fully rotational torque units, portable torque units for field deployment. In addition the Company designs and manufactures a range of rig-based offline activity cranes, multi-purpose cranes and personnel transfer solutions.
The Company�� pressure control products used for well intervention operations are sold directly to oilfield service companies and equipment rental companies. These products include both coiled tubing and wireline blowout preventers and their accessories. It also conduct aftermarket refurbishment and recertification services for pressure control equipment. The Company also designs and manufactures a range of consumable parts for pumps on drilling rigs, well servicing rigs, pressure pumping units, and hydraulic fracturing systems, along with top drive parts. The Company also manufacture data acquisition products that include integrated drill floor instrumentation and monitoring systems. These systems provide real-time monitoring and logging of drilling data to drilling contractors and oil and gas producers on the rig and at remote locations.
! The Compa! ny manufacture a broad line of downhole products that are consumed during the well construction, completion and production enhancement process. Through its Davis-Lynch downhole well construction and completion tools product line, it designs and manufactures products used in the construction of oil and gas wells. It designs and manufactures a range of centralizers, float equipment, stage cementing tools, inflatable packers, flotation collars, cementing plugs, fill and circulation tools for running casing, casing hangers and surge reduction equipment.
The Company manufactures a line of downhole completion tools, including composite plugs and wireline flow-control products. Its composite plugs are primarily used for zonal isolation during multi-stage hydraulic fracturing in horizontal and vertical wells. It offers l range of downhole protection solutions.
Production and Infrastructure Segment
The Company designs and manufactures products and provide related equipment and services to the well stimulation, completion, production and infrastructure markets. Through this segment, the Company suppllies Flow Equipment, including well stimulation consumable products and related recertification and refurbishment services; Production Equipment, including well site production equipment, process equipment and specialty pipeline construction equipment; and Valve Solutions, which includes a range of industrial and process valves.
The Company provides a range of high pressure flow equipment used by well stimulation, or pressure pumping, companies during the stimulation, intervention and flowback process. It focuses on consumable products that experience high rates of wear and replacement. The Company designs and manufactures pressure control plug, choke and relief valves, swivel joints, pup joints and integral fittings, manifolds and manifold trailers, as well as triplex and quintuplex fluid-end assemblies.
The Company surface Production Equipment product line p! rovides e! ngineered process systems and field services for capital equipment used at the wellsite, for production processing, and at the refinery. It serves the upstream, midstream and downstream segments in oil and gas production equipment and services. The Company engineers fabricates and installs tanks, separators, packaged production systems and American Society of Mechanical Engineers (ASME) and American Petroleum Institute (API) coded and non-coded pressure vessels, skidded vessels with gas measurement, modular process plants, header and manifold skids, process and flow control equipment and separators to help clean and process oil or gas as it travels from the wellhead and along the transmission line to the refinery.
The Company design, manufacture and provide a wide range of industrial valves that principally serve the upstream, midstream and downstream markets of the oil and gas industry. In addition its valve solutions serve general industrial, power and process industry customers as well as the mining industry. It also provides ball, gate, globe, check and butterfly valves across a range of sizes and applications.
The Company competes with Cameron International Corporation and FMC Technologies, Inc.
Advisors' Opinion:- [By David Smith]
I'm speaking of Forum Energy Technologies (NYSE: FET ) . The company, now with a $2.72 billion market capitalization, was formed in August 2010 through the roll-up of five more specialized members of the services sector. Its initial public offering occurred in the second quarter of 2012, and its shares have risen by 60% in the past year.
No comments:
Post a Comment