$30.37

-1.32 (-4.17%)

7/23/2008 4:09 PM

BJ Services Company (BJS)

CAPS Rating:

A provider of pressure pumping and other oilfield services for the petroleum industry. The Company's pressure pumping services consist of cementing and stimulation services, and in remedial work on existing wells, both onshore and offshore.

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What the Community Thinks

Total Members

512 Outperforms

20 Underperforms

All-Stars

205 Outperforms

7 Underperforms

Wall Street

9 Outperforms

1 Underperforms

Members bullish on BJS are also bullish on:

Members bearish on BJS are also bearish on:

Ticker Tags

Mid Cap (670), S&P 500 (481), Oil & Gas Equipment & Services (77), Services (251)
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BJ Services Company At A Glance

Current Price:	$30.37
Last Trade Time:	7/23/2008 4:09 PM
Open:	$0.00
Previous Close:	$31.69
Daily Range:	$30.01 - $32.19
52-Week Range:	$19.30 - $34.94
Volume:	10,218,665
Market Cap:	$9.31B
P/E Ratio:	14.81
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Stock Trends

BJS VS S&P 500 (SPY)

News & Discussion Boards

Other News Headlines for BJS

Booming oil means record 2Q sales for Halliburton
7/22/2008 4:58:00 PM - AP
Sector Snap: Oil and gas shares slide
7/22/2008 2:27:00 PM - AP
BJ Services guides for 4Q profit above analysts
7/22/2008 10:37:00 AM - AP
Outlook roundup: Pentair, BJ Services
7/22/2008 10:34:00 AM - AP

More Headlines...

Top Bull Pitch

Recs

1 BJ Services Company (BJS)

Avatar pumperbm (26.21) Submitted: 6/11/08 10:01 AM

This is the conpany that I work for. We are very busy keeping up with all the new wells,& Frac work on the old ones that are still worthwhile.

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Recs 0 (BJS) Toddq36 (< 20) Submitted: 6/13/08 9:37 AM : Start Price: $30.55 BJS Score: 7.15 BJ Services Company is a provider of pressure pumping and oilfield services for the petroleum industry. The Company conducts its operations through four segments: U.S./Mexico Pressure Pumping Services, International Pressure Pumping Services, Canada Pressure Pumping Services and Oilfield Services Group. The U.S./Mexico, International Pressure Pumping and Canada Pressure Pumping segments provide stimulation and cementing services to the petroleum industry. The Oilfield Services Group consists of chemical services, casing and tubular services, process and pipeline services and completion tools and completion fluids services in the United States and select markets internationally. On March 1, 2007, the Company acquired Norson Services Ltd, a division of Norson Group Ltd., and substantially all of the assets of Norson Group’s United States subsidiary Norson Services LLC. As of May 29, 2008, the Company had acquired approximately 97.6% interest in Innicor Subsurface Technologies Inc. Report this Post Replies: 0 \| Reply \| Permalink Oops! There appears to be a problem with your comment. Check to see if there's something you left out. Recs 0 (BJS) superdave911 (45.17) Submitted: 6/11/08 10:57 AM : Start Price: $30.88 BJS Score: 3.39 Oil servicing company that has a strong base of established services. Report this Post Replies: 0 \| Reply \| Permalink Oops! There appears to be a problem with your comment. Check to see if there's something you left out. Recs 1 (BJS) pumperbm (26.21) Submitted: 6/11/08 10:01 AM : Start Price: $31.25 BJS Score: 2.50 This is the conpany that I work for. We are very busy keeping up with all the new wells,& Frac work on the old ones that are still worthwhile. Report this Post Replies: 0 \| Reply \| Permalink Oops! There appears to be a problem with your comment. Check to see if there's something you left out. Recs 0 (BJS) minh1616 (80.46) Submitted: 6/03/08 10:55 AM : Start Price: $30.56 BJS Score: 7.28 I shop there it seems people are stocking up for the slow economy. Report this Post Replies: 0 \| Reply \| Permalink Oops! There appears to be a problem with your comment. Check to see if there's something you left out. Recs 0 (BJS) LEGMAKER (< 20) Submitted: 5/12/08 9:58 AM : Start Price: $29.00 BJS Score: 12.47 The increase in oil prices have allowed many to increase their pumping of the commodity. With the increase of the number of wells to keep up with demand and the decrease in big finds there has been a huge need for the components that make up everything from the well to the pipelines. This has also increased prices of steel, but most of the companies involved in this have already increased their prices and businesses have to pay as they are getting top dollar for their product. BJ Services looks to have a good run in it. It does not look like oil prices will decrease as T. Boone Pickens was shorting oil and now has a long position (I would also recommend DIG as natural gas has a beautiful chart). This is important as many of the commodity traders have switched sides and are no longer trying to buck the trend. They also see even more bullish sentiment at least to $120. I believe this is right, as the Saudi's increased production and it has barely made a dent in the US price mostly because of a weak dollar that may get a little weaker yet before it heads in the other direction. BJS offers several products and services, which are anything from tubing to tools to chemicals. They currently operate in 50 countries but that looks to increase going forward. Of the almost $5 billion in revenue from 2007 they received 60% from the United States, 22% from the Middle East, Africa, Asia, and Europe, and 18% from Latin America and Canada. They receive 67% of their revenue from production services and 28% from well construction. If we look back to 2002 we see that revenue and operating income were just below $2 billion and $250 million respectively. That grew into the revenue discussed earlier and an operating income of approximately $1.2 billion. There income has risen exponentially as rigs have only increased by 70% while revenue has increased by 157% and operating income by 338% over that time frame. BJS has done quite well with respect to the pressure pumping market. As the US looks to move away from some of its high sulfur coal use they are looking into building more natural gas power plants and with the grid in dire need of help it looks like it will have to be done quickly. This is why companies like CHK and XTO have done as well as they are preparing to increase their shale work so they can benefit from increased prices as liquefaction technologies increase. From 2002 to 2007 worldwide rigs have increased by 75% with respect to gas, while almost a 200% increase in pumping has been seen. All of the drivers of this growth look to have momentum as North American orientation to greener alternatives remain, unconventional formations are being tapped and international growth has increased need. Looking at how natural gas is gathered, in 1990, about 7 TCF were obtained through conventional means and a little less than 3 TCF were from tight gas sands, shale and tar sands. Unconventional means will more than quadruple by 2025. US and Mexico pressure pumping has increased tremendously over the last five years. Rigs in this area have increased by 101% and revenue is up 185%. Operating income from this location is up 366%. With respect to this area they look to be able to cut costs even more as they increase personnel to decrease contract labor, move fracturing capacity to high demand areas, and reduce discretionary expenses. Outside the US the increases are not as great but they are increasing. Canada has seen a 38% increase in rigs, 123% increase in revenue and 222% increase in operating revenue. Internationally rigs are up 42%, revenue is up 99% and operating income is 146%. This could really take off with respect to Russian and African markets. Their offshore production could grow substantially over the next few years. Oil field services, as you probably have guessed, have done fantastic since 2002. Worldwide rigs they service are up 70%, revenue is up 203% and operating income increased 441%. They are looking to buy companies in order to keep up with additional demand in the upcoming years. With all the new found cash they are also increasing capital expenditures for technology increases. It is up four fold over the last five years. Going forward, this company is only supposed to grow at 10% a year. With their specialty in gas, I believe the analysts are wrong. As it has become affordable to drill for natural gas, many more companies are doing it and the United States has huge reserves and large increases in rigs coming on line over the next couple of years. BJS is a buy. Report this Post Replies: 0 \| Reply \| Permalink Oops! There appears to be a problem with your comment. Check to see if there's something you left out.
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