2nd tier gem: Drill Quip / DRQ .....
<< Dril-Quip, Inc. (the "Company"), manufactures offshore drilling and production equipment, which is well suited for use in deepwater, harsh environment and severe service applications. The Company's principal products consist of subsea and surface wellheads, subsea and surface production trees, mudline hanger systems, specialty connectors and associated pipe, drilling and production riser systems, wellhead connector and diverters for use by major integrated, large independent and foreign national oil and gas companies in offshore areas throughout the world. Dril-Quip also provides installation and reconditioning services and rents running tools for use in connection with the installation and retrieval of its products. The Company has three subsidiaries that manufacture and market the Company's products abroad. Dril-Quip (Europe) Limited is located in Aberdeen, Scotland, with branches in Norway, Holland, and Denmark. Dril-Quip Asia Pacific PTE Ltd. is located in Singapore. DQ Holdings PTY Ltd. is located in Perth, Australia. >>
1998 earnings release:
sec.yahoo.com
Backlog has remained solid - same levels as year end 1997; one of the best balance sheets in the sector :
biz.yahoo.com
Deepwater & Harsh enviroment equipment niche. This company is a winner. Has had a run up of late; but definitley an accumulate on any weakness/sub$18 - $20 ....... do the ''DD"
This is one to watch ... |
