WHQ Breakout Entry Signals Technical Analysis

CandleStick count of 17 days inside the constricting Bollinger Bands.

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Company Business Summary(Standard&Poor's)

This diversified oilfield service company provides products and services used primarily for the drilling, completion and production of oil and natural gas wells. W-H Energy Services, Inc. (WHQ) operates as a diversified oilfield service company in North America and internationally. It provides products and services used in connection with the drilling and completion of oil and natural gas wells and the production of oil and natural gas. The company offers drilling related products and services, which include logging-while-drilling, measurement-while-drilling, directional drilling, down-hole drilling motors, drilling fluids and rental tools; and completion and workover related products and services, which include cased-hole wireline logging, perforating, tubing conveyed perforating and associated rental equipment, coiled tubing, completion fluids and rental tools. WHQ's customers include major and independent oil and natural gas companies, drilling contractors and other oilfield service companies. The company's drilling related products and services segment provides a range of products and services used by oil and natural gas companies, drilling contractors and other oilfield service companies for the drilling of oil and natural gas wells. WHQ's drilling related products and services are used primarily in the United States and select areas internationally. The company conducts international operations onshore in Canada, Brazil, Europe, North Africa and the Middle East and offshore in the North Sea, the Gulf of Suez, the Mediterranean Sea and off the coast of Brazil. WHQ's drilling related products and services segment includes the following business lines: logging-while-drilling, measurement-while-drilling, directional drilling and down-hole drilling motors; drilling fluids; and rental tools. The company offers a complement of logging-while-drilling products and services. The company also offers measurement-while-drilling products and services, which use down-hole tools to help locate and direct the drill bit to the intended target. WHQ provides directional drilling services in North America and in select areas internationally. The company's logging-while-drilling, measurement-while-drilling and directional drilling services are provided by its wholly-owned subsidiary, PathFinder Energy Services, Inc. WHQ supplies down-hole drilling motors and a manufacturer of certain of their components and replacement parts. It provides down-hole drilling motors internally to PathFinder's directional drilling business and to other oilfield service companies. The company's drilling motors business is conducted by PathFinder Drilling Motors, a division of PathFinder, and Dyna-Drill Technologies, Inc., WHQ's wholly-owned subsidiary. PathFinder Drilling Motors' rental product line consists of a range of sizes of down-hole drilling motors ranging from 1 11/16-inch to 11 1/2-inches in outside diameter for use at various drilling depths and downhole environments. Power sections and bearing packs for Dyna-Drill down-hole drilling motors are manufactured by Dyna-Drill. The company manufactures, packages, transports, warehouses and wholesales drilling fluids and drilling fluid chemicals and additives. It also provides size reduction services of solids that are added to drilling fluids to control loss circulation and seepage. WHQ's customers, which include retail drilling fluid companies, specialty fluid companies and other oilfield service companies, use its drilling fluid products throughout the world. The company's drilling fluid chemicals and additives are used in the production and maintenance of: water- based drilling fluids; oil-based drilling fluids, which are used primarily to drill water-sensitive shale and in situations where stuck pipe is more likely to occur; and synthetic-based drilling fluids, which are used where oil-based fluids are prohibited for environmental reasons. WHQ's drilling fluids business is conducted through its wholly-owned subsidiaries, Agri-Empresa, Inc., Grinding and Sizing Company, Inc., Integrity Industries, Inc. and Mt. Pulaski, Inc. W-H Energy Services, Inc. was founded in 1989.