Tuesday, August 22, 2006

Flotek cancelled conference call

Well it seems I was on the right track about the cancelled conference call I was worried about last week. It seems that Flotek has broken off negotiations for a new acquisition. I guess the talks went a little long and made the talk at the Enercom conference impossible. A fresh conference call will be this Thursday, August 24th.

I'm glad that Jerry Dumas (the CEO) had the discipline to break off the acquisition rather than pay too much. Looks like it is back to organic growth for a while.

Update: The conference call was fantastic! All my serious questions were addressed. I will write up a detailed review in the near future.

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