SanDisk (SNDK) is back in the Trading Port at a cost of 44.25.
Now, a friend of mine recently clued me in on Superior Energy (SPN). I am still in the process of researching it more thoroughly, but so far I like what I see. The company provides a wide range of oilfield services and through one of their subsidiaries, they acquire and produce mature oil properties.
The company made a major acquisition late last year when they picked up Warrior Energy Services. That purchase has allowed them to further expand their land-based reach and also diversify their business. Yesterday, the company announced a much smaller acquisition of Advanced Oilwell, which provides cementing and pressure pumping services for drillers out in Eastern Texas.
They are also aggressively expanding their international business. This could be a great area for growth with International revenues making up less than 15% of their total sales. Their margins are fairly strong, and there's always the added kicker that the company is in a sector that is undergoing consolidation.
In any case, I think the company is worth a serious look. The stock has been on a bit of a heater since it recently bottomed in late February. I will probably buy shares on any significant drop, and maybe start nibbling on any small pullback.