Two Small-Caps to Watch and
Weekly Recap:
GulfMark
Offshore (Nasdaq: GMRK) and Mitcham
Industries (Nasdaq: MIND)
GulfMark
Offshore (GMRK)
GulfMark
Offshore has positioned itself as a premier niche participant in the
international offshore marine services industry.
Website:
www.gulfmark.com
Pr ofile:
GulfMark
Offshore (Nasdaq: GMRK)
provides marine support and
transportation services to companies involved in the offshore exploration, and
production of oil and natural gas. Its fleet of vessels offers various services
that support the ongoing operation and construction of offshore oil and natural
gas facilities; and drilling rigs, including the transportation of materials,
supplies, and personnel, as well as the positioning of drilling structures. The
company also provides management services to other vessel owners. Its fleet
consists of various types of vessels that include platform supply vessels;
anchor handling, towing, and supply vessels; construction support vessels;
standby rescue vessels; crewboats; specialty vessels; and utility vessels. The
company??™s customers primarily include integrated oil and gas companies,
independent oil and natural gas exploration and production companies working in
international markets, and foreign government-owned or controlled oil and gas
companies, as well as companies that provide logistic, construction, and other
services to such oil and gas companies and foreign government organizations.
GulfMark operates in the North Sea, offshore southeast Asia, offshore India,
Brazil, and west Africa. Its
existing fleet is 56 vessels.
Read more about GMRK at www.smallcapreview.com/gmrk.htm
Mitcham
Industries (MIND)
Mitcham Industries, Inc. has
established a highly profitable niche within the growing 3-D seismic industry
and is now the largest independent company specializing in the short-term
leasing of 3-D seismic equipment to the oil and gas industry.
Website:
www.mitchamindustries.com
Profile:
Mitcham Industries (Nasdaq:
MIND)
engages in the leasing and sale of seismic equipment to the seismic industry
worldwide. The company operates through its two subsidiaries Mitcham Canada,
Ltd. and Seismic Asia Pacific Pty, Ltd. (SAP). MIND leases and sells geophysical
and other equipment used primarily by seismic data acquisition contractors to
perform seismic data acquisition surveys on land and in transition zones. Its
lease pool includes various types of equipment used in seismic data acquisition,
including electronic components of land and transition zone seismic data
acquisition systems, geophones and cables, earth vibrators, peripheral
equipment, and survey and other equipment. The company also sells various used
seismic equipment on a worldwide basis; and SAP sells equipment, consumables,
systems integration, engineering hardware, and software maintenance support
services to the seismic, hydrographic, oceanographic, environmental, and defense
industries throughout southeast Asia and Australia. Mitcham Industries has sales
and service offices in Calgary, Canada, Brisbane, Australia; and associates
throughout Europe, South America, and Asia. It offers services to the oil and
gas industry, seismic contractors, environmental agencies, government agencies,
and universities.
Read more about MIND at www.smallcapreview.com/mind.htm
Weekly Recap
COMMSA
Contracts 3 Remote Power Generation Systems for Platforms in Gulf of Mexico...(DESC)
Northern Power Systems, a subsidiary of Distributed Energy Systems Corp,
announced it has been awarded a $2.05 million contract by Construcciones
Mecanicas Monclova S.A. de C.V. (COMMSA) to design, fabricate, integrate and
install independent remote power systems for three offshore natural gas drilling
platforms in the Gulf of Mexico.
Resolve
Staffing Announces Record Sales for the Second Quarter 2005...(RSFF)
Resolve Staffing reported revenues of $5.4 million for the second quarter ended
June 30, 2005, an improvement of $5 million or 1,220% over revenues of $410,000
for the second quarter of 2004 and a 217% increase over revenues of $1.7 million
for the first quarter of 2005.
Going
head to head in microcap arena...
Two exchange-traded funds
introduced this week are both designed to invest in the market's smallest
stocks, but they go about it in markedly different ways.
This rivalry will be closely watched by fans of microcaps, an area
traditionally viewed as one where portfolio managers can add value through savvy
stock picking. "There are a lot of little companies out there that no
one cares about," said Carl Wilk, portfolio manager at the $140 million
Gartmore Micro Cap Equity fund. "There are inefficiencies in the microcap
space because the companies are under-followed and under-owned."
Small-cap
stocks make mightiest gains...
After languishing for the first few months of this year,
small-company stocks have had a pretty hot summer.
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