$3.48
0.08 (+2.35%)
Allis-Chalmers Energy, Inc. (ALY)
CAPS Rating:
A multi-faceted oilfield services company which provides services and equipment to oil and natural gas exploration and production companies.
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If states repeal drilling moratoriums and domestic exploration and extraction increases, this company should stand to profit handsomley.
Has been on an acquisition buying spree in 2007 when prices were high and likely overpaid, and has continued to purchase companies since then. This growth-by-acquisition strategy is a little scary, but they might as well try to capitalize on high oil prices driving expansion while this oil boom period lasts.