Wescorp Energy Inc. (WSCE.OB) is “One to Watch”
Posted on Friday, July 25th, 2008 | In Market Commentary, OTCBB Markets, Small & Micro Cap, Stocks to WatchWescorp Energy is focused on helping oil and gas companies control costs and operate more economically by enabling them to streamline operations and maintenance. They achieve this by deploying innovative and intelligent field solutions and unique process management services combined with deep industry experience to overcome complex drilling, production, regulatory and environmental operations challenges.
Through Wescorp NAVIGATOR™, a suite of process management services, the company is able to significantly cut costs and save businesses time while optimizing field operations. This suite of services dramatically reduces complications and costs by managing the interactions of people, processes and equipment. Earlier this year the company announced that it signed an agreement with a leading developer of Canadian oil sands to deploy the NAVIGATOR™ Process Management Services. Wescorp’s NAVIGATOR™ services will help streamline operations for a project that has been valued in excess of $1 billion by independent assessments.
Another focus of Wescorp Energy is on water remediation and purification through their subsidiary, Total Fluid Solutions Inc. The company’s technology is able to remove hydrocarbon contamination content from water and soil and may prove to be an effective tool in dealing with current and future environmental, regulatory and safety issues. Their technology is substantially better than other solutions, as it can remove hydrocarbonation down to 0.005%, compared to conventional technology which removes the contamination down to 0.5%.
Recently, the company was rated a “Speculative Buy” with a 90 cent, 12-month target price by Ubika Research. In the 32-page report, Ubika Research stated, “We believe that Wescrop has embarked on a smart strategy of focusing on operational issues faced by oil and gas companies. The oil & gas industry is very diverse and there are mainly small and mid-sized producers that face tremendous challenges in meeting operational, environmental and regulatory challenges. Wescorp’s solutions solve specific and practical problems for oil and gas operators and hence have a large and willing market to which it can cater.”
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