Hi All
Plexus is a small oil services company based in Aberdeen with a patent protected well head design called PosGrip that has been sold or leased with some success to several oil exploration companies.
Despite a string of good news stories and decent cash flow the share price has stagnated for over a year. Today it finally bounced off the bottom. As always dyor. Not much liquidity and a wide spread but POS is poised to do well imo.
Regards Cluckyduck
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Plexus
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Cluckyduck
- Posts: 8
- Joined: January 5th, 2018, 9:44 am
- Has thanked: 1 time
- Been thanked: 3 times
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Cluckyduck
- Posts: 8
- Joined: January 5th, 2018, 9:44 am
- Has thanked: 1 time
- Been thanked: 3 times
Re: Plexus
"The world’s biggest energy companies plan to significantly widen a two-year effort to standardize the kit they use to pump oil and gas, hoping they can deliver significant cost savings, Bloomberg reports.
"Standardization could save the oil and gas industry hundreds of millions of dollars every year," BP CEO Bob Dudley says in an interview at the World Economic Forum in Davos.
The companies plan to expand their list of standardized kit to 40 from the initial four items agreed on when they started their collaboration in 2016, according to the report; the initiative includes BP, Royal Dutch Shell (RDS.A, RDS.B), Total (NYSE:TOT), Statoil (NYSE:STO), Repsol (OTCQX:REPYF, OTCQX:REPYY), Chevron (NYSE:CVX) and Saudi Aramco."
If my hunch is correct, POS and its technology will be adopted by the industry because a number of its customers are listed above. Should this be the case I would expect a re rating or bid with a good premium from one of the larger oil tech companies.
"Standardization could save the oil and gas industry hundreds of millions of dollars every year," BP CEO Bob Dudley says in an interview at the World Economic Forum in Davos.
The companies plan to expand their list of standardized kit to 40 from the initial four items agreed on when they started their collaboration in 2016, according to the report; the initiative includes BP, Royal Dutch Shell (RDS.A, RDS.B), Total (NYSE:TOT), Statoil (NYSE:STO), Repsol (OTCQX:REPYF, OTCQX:REPYY), Chevron (NYSE:CVX) and Saudi Aramco."
If my hunch is correct, POS and its technology will be adopted by the industry because a number of its customers are listed above. Should this be the case I would expect a re rating or bid with a good premium from one of the larger oil tech companies.
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Cluckyduck
- Posts: 8
- Joined: January 5th, 2018, 9:44 am
- Has thanked: 1 time
- Been thanked: 3 times
-
Cluckyduck
- Posts: 8
- Joined: January 5th, 2018, 9:44 am
- Has thanked: 1 time
- Been thanked: 3 times
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