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<generator>Blogsmith http://www.blogsmith.com/</generator><item><title><![CDATA[McCain stock: Seismic firm CGG Veritas (CGV) shows where to 'drill, drill, drill']]></title><link>http://www.bloggingstocks.com/2008/10/07/mccain-stock-seismic-firm-shows-where-to-drill-drill-drill/</link><guid isPermaLink="true">http://www.bloggingstocks.com/2008/10/07/mccain-stock-seismic-firm-shows-where-to-drill-drill-drill/</guid><comments>http://www.bloggingstocks.com/2008/10/07/mccain-stock-seismic-firm-shows-where-to-drill-drill-drill/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.bloggingstocks.com/category/newsletters/" rel="tag">Newsletters</a>, <a href="http://www.bloggingstocks.com/category/presidential-elections/" rel="tag">Presidential Elections</a>, <a href="http://www.bloggingstocks.com/category/commodities/" rel="tag">Commodities</a>, <a href="http://www.bloggingstocks.com/category/oil/" rel="tag">Oil</a>, <a href="http://www.bloggingstocks.com/category/stocks-to-buy/" rel="tag">Stocks to Buy</a></p><p><em>This post is part of a </em><a href="http://www.bloggingstocks.com/2008/10/03/election-bets-advisors-vote-on-mccain-and-obama-stocks/"><em>series</em></a><em> in which TheStockAdvisors.com asked financial experts to name their top stock pick if McCain or if Obama wins the election.</em> </p>
<p>"One stock that could get a November bounce should McCain win is seismic firm <a href="http://finance.aol.com/quotes/compagnie-gen-de-geophys-veritas/cgv/nys">CGG Veritas</a> (NYSE: <a href="http://finance.aol.com/quotes/compagnie-gen-de-geophys-veritas/cgv/nys">CGV</a>); the Republican mantra has been 'drill, drill, drill' and this company helps find out where to do that," says <a href="http://www.thestockadvisors.com/ccount/click.php?id=2444">Bill Martin</a> in his <a href="http://www.thestockadvisors.com/ccount/click.php?id=2444">BullMarket.com</a>.</p>
<p>"If McCain wins office and is able to get Congress to pass his drilling initiatives for offshore drilling (one stronger than the bill that was just recently passed by Congress), the first step will be to find where exactly this oil is located.</p>
<p>"That is where French seismic company CGG Veritas comes in. It calls itself 'the world's leading international pure-play geophysical company.' The company was born in January of 2007 as the result of a merger of the former Compagnie G&eacute;n&eacute;rale de G&eacute;ophysique and Veritas DGC.</p>
<p>"The company provides seismic data and services to the oil and gas industry, and manufactures seismic equipment through its Sercel subsidiary for sale to other seismic companies.</p>
<p>"The company conducts seismic surveys on a contract and multi-client basis. The job entails acquiring, processing, and interpreting land and marine seismic data, and producing images of the subsurface in multi-dimensional and multi-component formats.</p>
<p>"Those pictures are used to identify new oil and gas structures and manage existing reservoirs. It also has up to 40 land-based teams that can be put in the field and can work in a variety of terrain.</p>
<p>"With CGG Veritas's stock beaten down -- despite solid earnings and guidance -- and trading at an attractive valuation, a McCain win could be the cure to its recent ills."</p>
<p><em>Steven Halpern's </em><a href="http://www.thestockadvisors.com/"><em>TheStockAdvisors.com</em></a><em> offers a daily look at the latest market commentary and favorite stock picks and investment ideas from the nation's leading financial newsletter advisors.</em></p><p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.bloggingstocks.com/2008/10/07/mccain-stock-seismic-firm-shows-where-to-drill-drill-drill/">McCain stock: Seismic firm CGG Veritas (CGV) shows where to 'drill, drill, drill'</a> originally appeared on <a href="http://www.bloggingstocks.com">BloggingStocks</a> on Tue, 07 Oct 2008 13:05:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.bloggingstocks.com/2008/10/07/mccain-stock-seismic-firm-shows-where-to-drill-drill-drill/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/forward/1319442/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/2008/10/07/mccain-stock-seismic-firm-shows-where-to-drill-drill-drill/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>CGG Veritas</category><category>CGV</category><category>John McCain</category><category>JohnMccain</category><category>offshore drilling</category><category>OffshoreDrilling</category><category>seismic companies</category><category>SeismicCompanies</category><dc:creator><![CDATA[Steven Halpern]]></dc:creator><pubDate>Tue, 07 Oct 2008 13:05:00 EST</pubDate></item></channel></rss>
