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Water Stocks Sector Close-Up, Water Stocks Ride the Wave of Market Strength, Nalco (NYSE:NLC) up on Earnings News
POINT ROBERTS, WA and DELTA, BC - April 29, 2009 www.Water-Stocks.com, an investor and industry portal for the water sector within Investorideas.com, presents a sector close-up on water stocks trading April 29, 2009.
Nalco (NYSE:NLC) was up on earnings news released yesterday afternoon. According to Nalco’s press release, “Even with difficult economic pressures and negative currency impacts, Nalco (NYSE:NLC) delivered solid first quarter revenue, earnings, and free cash flow, aided by strong cost controls.
Organic sales dipped just 3.6 percent as part of a nominal sales decline to $868 million from prior-year first quarter sales of $1 billion. Currency translation effects reduced reported sales by 8.3 percent, with divestitures accounting for the remaining 1.2 percent decline.
The stronger U.S. dollar had a similarly negative impact on earnings. Earnings per share were 17 cents in the first quarter, on net income of $23 million, compared to 20 cents in the first quarter of 2008. Organic net income increased 18 percent.”
Full Release: http://www.investorideas.com/News/042909b.asp
Sector close-up trading April 29, 2009
- Americ an Water Works Company, Inc. (NYSE: AWK) trading at $18.47, up $ 0.25 (1.37%) 1:57pm ET
- ITT Corporation (NYSE:ITT) trading at $ 42.03, up $1.54 (3.80%) 1:54pm ET
- Middlesex Water Company (NasdaqGS: MSEX) trading at $14.17, up $ 0.23 (1.65%) 11:39am ET
- Nalco (NYSE:NLC) trading at $15.81, up $1.24 (8.51%) 2:00pm ET
- Northwest Pipe (NasdaqGS: NWPX) trading at $38.14, up $0.97 (2.61%) 1:46pm ET
- Pentair, Inc. (NYSE: PNR) trading at $26.68, up $0.91 (3.53%) 2:01pm ET
- Watts Water Technologies, Inc. (NYSE: WTS ) trading at $22.79, up 0.02 (0.09%) 2:02pm ET
- Wescorp Energy Inc. (OTCBB: WSCE ) trading at $0.2950, down 0.0150 (4.84%)
- PFW Water Fund (PFWAX ) trading up .14%
Research more global water stocks at the water Stocks Directory:
http://www.investorideas.com/Water-Stocks/Stock_List.asp
Featured Water Stocks Showcase Company: Wescorp Energy Inc. (OTCBB: WSCE)
Wescorp Energy Inc. (OTCBB: WSCE) is an Oil and Gas solutions provider focused on deploying its water remediation and environmental technologies that overcome tough operational challenges facing oil and gas operators today on a global basis. Virtually anywhere in the world oil is produced contaminated water is produced, this includes associated formation water in conventional oil and gas production and potable water used in unconventional oil production such as the massive Oil Sands development in Alberta Canada. Using conventional oil/water/solids separation technology, between 0.05% - 5% (500 ppm - 50,000 ppm) residual oil content remains in the water, Wescorp's patented, proven and highly scalable H2Omaxx microscopic aeration technology addresses this crisis by being able to increase the recovery of oil and reduce the amount of hydrocarbons in the contaminated water to less than 0.001% or 10 ppm. Wescorp's H2Omaxx is extremely economical and environmentally friendly eliminating the use of chemicals, filtration systems, high temperature systems and high pressure vessels.
Wescorp Energy Inc Showcase Profile Page: http://www.water-stocks.com/CO/WSCE/Default.asp
Wescorp Energy Inc Company Website: http://www.wescorpenergy.com/
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