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Gold/Mining/Energy
Wenzel Downhole Tools Ltd (WZL) - was Master Downhole
An SI Board Since November 1997
Posts SubjectMarks Bans Symbol
104 2 0 WZL
Emcee:  StockPro Type:  Unmoderated
Introduction Market Data Compact
It's not too often I get to start a thread here at SI. Usually, by the time a company has captured my attention, I find that there is already a thread in existence.

I can't believe nobody else is following this company ... so here goes, I'll try to start it off.

I'll post several recent news releases as follow-up to what I have to say, but to summarize ...

The company has about 20 million shares outstanding. They are in the business of manufacturing "drilling motors" for oil and gas drilling. These motors are driven by the "drilling mud". They seem to be in a market segment (oil and gas service companies and drill tool suppliers) that is quite hot right now. By the calendar year-end, estimates are that there will have been a record 16,000 wells drilled in the province of Alberta, and the forecast for 1998 is even more wells to be drilled. Anyone that follows this sector knows that demand is high and appears as if it will continue. Their year-end (May 31) financials (released Sep. 24th) and their first quarter (August 31) financials (released Oct. 31st) appear very healthy and are definitely improving.

The company is currently involved in a proposal (subject to shareholder approval -- meeting to be held Nov. 14th) to buy their major customer, Wenzel Downhole Tools and a number of patents currently owned by Wenzel. It's one of those classic situations where a supplier is buying out their own primary customer. From past experience, these kind of deals usually work out well.

Most recently they announced a contract that will give them some very healthy revenues and cash flow throughout 1998.

Comments please!
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104Don't know, that release was a while back. Could be just rebounding, volumeCiao-10/21/2001
103In the following release there was mention of a Q4 large international contract Nick Morvay-10/20/2001
102KC, I've been out for about a month now, selling at $1.80. I've noticedCiao-2/6/2001
101Actually I've been out of WZL for a couple of months now, but from what IKC Jones-2/6/2001
100KC, any idea why this stock has been performing so poorly?! It looks like a gooCiao-2/5/2001
99Someone at Nesbitt is awfully anxious to sell!! KCKC Jones-11/1/2000
98News Release - Final Prospectus NEWS RELEASE TRANSMITTED BY CCN - A NEWSWIRE SEBruce A. Anderson-10/31/2000
97Q1 Results NEWS RELEASE TRANSMITTED BY CCN - A NEWSWIRE SERVICE OF ITG FOR: WBruce A. Anderson-10/31/2000
96Ciao Nothing wrong with the results, especially when we consider how much efforRobert Raymond-10/6/2000
95Earnings today....... www2.cdn-news.com Q1 should be good as company was workiCiao-10/5/2000
94Robert, earnings estimate of .22 for year end were mentioned in WZL's Q3 repCiao-9/16/2000
93Caio Someone on the Stockhouse thread talked with the receptionist last week whRobert Raymond-9/9/2000
92Robert, good interest in the stock recently thanks to article in EDMONTON journaCiao-9/9/2000
91Robert, WZL is relatively unknown for their work in that area. Another player Ciao-7/30/2000
90Caio Interesting article in today's Financial Post listing a Who's Who Robert Raymond-7/29/2000
89Robert, the kicker for this stock is the recent purchase of UTT which allows theCiao-7/26/2000
88Ciao Wenzel was part of the recommendations by Francis Roche, of Roche SecuritiRobert Raymond-7/26/2000
87Robert, what are your views on WZL. They recently completed a financing and shoCiao-7/25/2000
86 Ciao I have kind of put Wenzel out of my mind for the time being so haven'Robert Raymond-4/10/2000
85 Robert, are you still in WZL. The company has a new angle now that it has purcCiao-4/8/2000
84 Ciao I don't have a number in mind. The fact they made money in the firstRobert Raymond-1/9/2000
83 Are you sure about Monday morning? There has not been any news indicating the fivedollar-1/8/2000
82 I've looked at WZL last year but couldn't pull the trigger, preferring Ciao-1/8/2000
81 To all: Wenzel will begin trading on the Toronto Stock Exchange under the samRobert Raymond-1/8/2000
80 Finally, we will news very shortly regarding WZL's TSE application. The TSfivedollar-12/17/1999
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