$1.36
-0.01 (-0.74%)
Boots & Coots Intl. Well, Inc. (WEL)
CAPS Rating:
The Company provides a suite of integrated pressure control and related services to onshore and offshore oil and gas exploration and development companies, in North America, South America, North Africa, West Africa and the Middle East.
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He's not with the company any more but I met Mattews once back in the 80s. Craziest old coot I ever met. Red fired both these guys back in the day. Best thing that ever happened to em. This company does a lot more than fight oil fires. In fact, there's hardly any fires to fight these days. Safe T Boss from Canada is the Champ in well fires now.
Boots and Coots mostly works on servicing the industry now and is run by a bunch of nerds and salesmen. They are good boys though. Working smarter, not harder.
I sure hope this stock moves upward very soon. Quick little Family story: I had one of my grandsons on my lap the other day doing my best to explain the market to a nine year old, when I decided to buy into this with real money at $1.14 He informs me that he has $100.00 saved and wants to buy some stock too! So I bought him 100 shares along with what I had originally planned on buying. Next day he brings me a wad of bills which I stuffed in a coffee cup. If the stock peters around too long and he loses interest, I'll give his wad of bills back to him and just keep his shares till they make something. But can you imagine the greedy monster I'll have created if his 100 shares turns into something sooner than later? He already plays a mean game of poker.
It's 2 bad WEL is unratable at this point, but I have been following the stock since 2004-2005, and I love the way it trades, one reason being you can buy it at the lows, hold for one year, and sell at the highs and pay that 10-15% on your gains. Great stock and a great opportunity to get into the oil sector without purchasing the actual oil generating companies. I give WEL a 5-Star rating and a target of $7.50 within the next 3 years or so.
great story :)
I'll just bet that was Kyle with the wad of bills trusting PawPaw to hook him up with his first stock at nine years old. I don't care who ya are, thats good stuff. Yall should see the kid play poker. Hes either gonna grow up and be a Warren Buffett or a Burn-me Maddow, I don't know which. Last time I saw him, he was 8 years old and welding on a piece of pipe! I think B&C is a good position to hold right now. IWC bought B&C back in 97 which makes them a powerhouse well control company. Tightening the belts will always cause a few to take short cuts. Next thing ya know, you got a fire where the derrick was, and somebodys dialing 1800 BLOWOUT Boots and Coots will always come to mind first, thats why IWC kept the B&C name instead of their own.Safe T Boss earned a good rep in Kuwait by bein more mobile than all the rest, which gave them more shots at more well fires. They made a batch of cash, but Boots and Coots will always be the grand daddy big buck of the forest.A couple years ago, they bought a couple of snubbing companys. Now they rent pressure control tools and what not. They got a boat load of contracts here and yonder including a 45 million dollar risk assess deal in Nigeria. (My risk assessment didn't cost me near that much, I just ain't goin back!) Shell and Chevron are building huge facilities over there, tween kidnappins anyway. Theres a lot to do over there. And no matter what the price of oil does, its still gotta be done. Anyhow, thats just one of a bunch of things about B&C that folks don't understand. With basically more than one company at work here, doin things that have to be done, the bottom line is this. Boots and Coots should make us all a batch a money. I bought a big chunk myself at 1.00 even.
I'll just bet that was Kyle with the wad of bills trusting PawPaw to hook him up with his first stock at nine years old. I don't care who ya are, thats good stuff. Yall should see the kid play poker. Hes either gonna grow up and be a Warren Buffett or a Burn-me Maddow, I don't know which. Last time I saw him, he was 8 years old and welding on a piece of pipe! I think B&C is a good position to hold right now. IWC bought B&C back in 97 which makes them a powerhouse well control company. Tightening the belts will always cause a few to take short cuts. Next thing ya know, you got a fire where the derrick was, and somebodys dialing 1800 BLOWOUT Boots and Coots will always come to mind first, thats why IWC kept the B&C name instead of their own.Safe T Boss earned a good rep in Kuwait by bein more mobile than all the rest, which gave them more shots at more well fires. They made a batch of cash, but Boots and Coots will always be the grand daddy big buck of the forest.A couple years ago, they bought a couple of snubbing companys. Now they rent pressure control tools and what not. They got a boat load of contracts here and yonder including a 45 million dollar risk assess deal in Nigeria. (My risk assessment didn't cost me near that much, I just ain't goin back!) Shell and Chevron are building huge facilities over there, tween kidnappins anyway. Theres a lot to do over there. And no matter what the price of oil does, its still gotta be done. Anyhow, thats just one of a bunch of things about B&C that folks don't understand. With basically more than one company at work here, doin things that have to be done, the bottom line is this. Boots and Coots should make us all a batch a money. I bought a big chunk myself at 1.00 even.
It has been punished - I am in at $1.80. Have bought and sold this one several times. Simmons selling shares and dilluting value does not help. Not sure if the fires of Kuwait will come back around (hope they do not) , but if they do this will take off like a rocket.
I don't think we'll see another Kuwait type situation. But I have to agree with Festus on his many points. We did a fire drill on a propane cavern at our local facility a while back. The scenerio was an idiot on a backhoe who knocked a valve off of a well head and boom, we had a blowout right off the well head with no valve to shut it in. The first thing I heard was "CALL BOOTS AND COOTS" I was like, "What for? It'll be out before they get here." (A storage cavern runs out of gas and goes out on it's own) Anyway, the point is, when people see a BIG Oil or Gas fire, the automatic response is, CALL BOOTS AND COOTS! The name is well known around the world. We have some Boots and Coots Hired Guns and nozzles in our arsenal of fire fighting equipment. We've used B&C for consulting before. They aren't cheap, but they are good. I can remember a few years ago, the Williams boys were over in Nigeria fighting a tank fire and were attacked by war lords and bandits. They nearly got killed. The point here is, those facilities have a risk management factor like no other. You need to find better ways to NOT HAVE FIRES in the first place. Boots and Coots is deeply involved in that type of risk assessment. And again, it pays extremely well.Boots and Coots is in to so many things these days, its incredible. The name recognition is something they should have been exploiting a long time ago. The snubbing line will also bring new $$ in. This isn't the same company it was a few years ago. Heck, its not the same company it was ONE year ago. This company should do great things moving forward.
WEL is 85% NATURAL GAS .....