Given the current state of the energy markets, being a large company is not necessarily a good thing. Flexibility is a distinct advantage. Mid and larger energy companies tend to focus on larger properties where capital costs can be extreme, limiting the ability to adapt to changing conditions. As the book says, “small is beautiful.” In a variable market, a company that can adapt quickly is one that will be profitable.

Savoy Energy Corp., an oil and gas extraction company, works to extract and sell oil and gas primarily in the United States. The company recently signed agreements to explore for oil in Fiji.

Although the company is open to all potential properties, it is currently extracting and re-working existing wells in Gonzales, Texas. The company appears to be extremely structured in its operations with a particular focus on cost controls. Generally speaking,

Today before the opening bell, Converted Organics announced that its Gonzales, California manufacturing facility produced and sold 64% more liquid organic fertilizer during the first half of 2009 than during the same period in 2008. According to the press release, a total of 839,000 gallons were manufactured and shipped between January and June of this year, versus 510,000 gallons during the first six months of last year.

It was also reported that the facility’s second quarter 2009 liquid organic fertilizer production and sales were 93 percent ahead of production and sales for the same period last year. First quarter 2009 liquid organic fertilizer production and sales at Gonzales increased 11 percent over production and sales for the first quarter of 2008.

“This year’s significant increase in production and sales at Converted Organics’ Gonzales plant reflects our ability to meet growing customer demand for our liquid organic fertilizer products,” stated Edward J. Gildea,

Crown Crafts, Inc., a consumer apparel and products manufacturer, announced its results for the 2nd quarter of fiscal year 2009. Crown Crafts’ fiscal year ends March 29 of each calendar year. For the 2nd quarter of FY 09, net income came in at $1,035,000 on net sales of $23.8 million. By comparison, for the 2nd quarter of FY ‘08, net income and net sales were $541,000 and $17.1 million respectively.

Asked to comment on the results, E. Randall Chestnut, Chairman, President and Chief Executive Officer said “We are very pleased that we have nearly doubled our bottom line,” Chestnut also noted that Crown Craft’s “gross profit for the quarter has increased in amount, although our gross profit percentage has declined year-over-year.”

The decrease in the gross profit percentage, according to Chestnut, was because of amortized costs with the 3rd quarter FY ‘08 purchase of the Springs