Latest news for estrogen
Omni Energy Services Corp. (), an oil and gas exploration company said last week it has plans to purchase Charles Holston Inc. , an environmental services company, for $23 million. Omni will use cash and promissory notes for the purchase. The deal is expected to close in the first quarter of 2007. Audio Podcast: An audio podcast of this article is available at: . The services Charles Holston provides include the transportation of non-hazardous oil and gas drilling byproducts, site cleaning and waste disposal. Omni representatives say the environmental company's pre-tax earnings will be around $5 million in 2006 on sales of $28 million. James C. Eckert, OMNI's CEO, made the public comment, "The proposed acquisition of CHI is an exciting continuation of OMNI's execution of its business model to facilitate expansion of its core businesses through a combination of organic growth and strategic acquisitions. " Eckert went on to say, "We believe the proposed acquisition of CHI will be immediately accretive to earnings, offer us further organic and strategic growth opportunities, and afford us synergies through consolidation of facilities and services. The CHI acquisition also brings an excellent management team with a well-seasoned employee base. We also believe the anticipated integration of CHI with our core environmental cleaning and equipment rental business units will continue to position each business segment with further growth and expansion opportunities. The continuing execution of OMNI's business model to grow through a well orchestrated combination of organic growth and carefully planned acquisitions and integration should continue to translate into increased shareholder value. " Awarded Three-Year Contract: In a public statement OMNI announced 19 December Trussco, its environmental cleaning unit, was awarded a three-year contract by a major exploration and production company. The scope of the contract will include the cleaning of onshore and offshore tank and vessels along the American Gulf of Mexico coast. Eckert commented on this news saying in a public statement, "We are very excited about the award of this new contract. As we extend our environmental cleaning operations from the offshore and dockside markets into available land-based oil and gas operations in Texas, Oklahoma and the Rocky Mountains, we hope to capitalize on Trussco's success as a leading provider of environmental cleaning services for the oil and gas industry. " Company Profile: OMNI Energy Services Corp. operates an oilfield service company in the United States. Its two divisions are: Seismic Drilling and Environmental Services. The Seismic Drilling division works in marshy, swampy, shallow water, and contiguous dry land areas along the American Gulf Coast. The company owns and operates seismic drilling equipment to provide seismic drilling and related services. The Environmental division provides offshore hazardous and non-hazardous oilfield waste management and environmental cleaning services. The company also has a fleet of revenue generating and oilfield related rental equipment. The company, formerly known as OMNI Drilling Corporation, was founded in 1987 and is headquartered in Carencro, Louisiana. Competitors: Competitors for OMNI include: Clean Harbors Inc. Estrogen (), petroleum geo services asa (pgs), and veritas dgc inc. (). Potential Trade: With the bullishness of oil and OMNI's positioning, OMNI Energy Services is looking bullish and a strategy appears attractive. The following trade scenarios were discovered using PowerOptions' powerful web based search tools. quickly provides the data needed to make clear and informed decisions.
|Covered Call -- OMNI Energy Services Corp. () $ 9. 75|
|OPTION||Strike Info||Opt Bid||% Dnsd. Prot.||% If Inch.||% If Asgnd|
|QOCAB||07 JAN 10. 00||$0. 55||5. 60%||6. 00%||8. 00%|