As most have likely noticed, when it comes to oil and gas the wild west of the US 1880’s has come to central Europe/Asia. Find it, drill it and get it to market is the cry of the day. It doesn’t matter what gets in the way, just get the product to market for sale. Just as in the US’s oil history, there have been stumbling blocks for central European oil companies to overcome, but if a company can offer a service to solve the stumbling block, profit will be waiting on the other side.

Caspian Services Inc., an oil and gas services company, works to offer oil and gas services primarily in the on/offshore oil and gas development regions of Kazakhstan-Caspian Sea. The company offers a full range of oil and gas services but specializes in the unique services required to operate in the Caspian Sea oil and gas markets.

The

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Comfort Systems USA, Inc. (FIX), a Zacks #1 Rank (“strong buy”) company, has seen its share price climb by about 15% since it was last featured in late June. Wall Street earnings estimates have also risen. All 3 covering analysts hiked full-year 2008 forecasts from last month’s $1.17 per share to $1.24. The most accurate projection is a higher $1.25.

Recent Acquisition

The company recently acquired Delcard Associates, Inc. ("Delcard"), a full service commercial HVAC company based in Wilmington, Delaware. Comfort Systems said Delcard had 2007 revenues of approximately $45 million, adding that Delcard has an ideal geographic location for Comfort Systems, and given its construction and service reputation throughout Delaware as well as the strength of its excellent workforce, Comfort believes Delcard will make a strong contribution to our continuing operations.

Income

In late July, FIX declared a quarterly dividend of $0.045 per share. The company noted that the

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Baker Hughes Incorporated (BHI) has seen analysts lift full-year earnings estimates to $5.51 per share from the two months-ago level of $5.29. The oil and gas services play recently hiked its dividend and reported second-quarter results that reflected solid growth.

Company Description

Baker Hughes provides products and technology services to the oil and natural gas industries worldwide. Provides reservoir consulting, drilling, formation evaluation, completion and production products and services to the worldwide oil and gas industry.

Income

The company’s dividend of 15 cents per share was increased by 15% from the prior quarterly dividend of 13 cents. The dividend was paid out on August 15. BHI’s yield is 0.7%, which is competitive within its industry as very few of the company’s industry peers pay a dividend.

Strong Growth

A couple days prior to hiking the dividend, the company reported second-quarter earnings of $1.36 per share, excluding a charge. The result exceeded

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BioShaft Water Technology Inc. (OTCBB: BSHF), developer of innovative wastewater treatment technologies, today announced it has secured an agreement with Al Tawfeeq, a wholly-owned subsidiary of Qatar-based Al Hashemi Group. Per the agreement, Al Tawfeeq will provide BioShaft with a local contact, which will familiarize the company with the opportunities for wastewater treatment plants in Qatar. Al Tawfeeq will assist BioShaft with the submission of tenders, strategies on participation, and assistance with staffing in Qatar’s market. Al Tawfeeq’s networking will help the company secure its business operations in Qatar state. “This agreement with Al Tawfeeq gives us a local presence in Qatar with a well established company. They will assist us with potential bid opportunities and work with BioShaft to establish a presence in the region so that we can build our business in Qatar,” Dr. Hans Badreddine, CEO of BioShaft stated in the press release. In addition, Al Tawfeeq will assist in ...