View Full Version : GGS - Global Geophysical Services, Inc. (Public, NYSE)

July 26th, 2010, 06:39 AM
GGS - Global Geophysical Services, Inc. (Public, NYSE) (http://www.globalgeophysical.com/)

Last: 6.20
Bid: 5.90
Ask: 6.45
52 Wk: 6.02-12.47
MCap: 222.4M
SOut: 56.8T
P/E: N/A
EPS: -0.80

Google Chart Link (http://www.google.com/finance?q=ggs)
MSN Chart Link (http://moneycentral.msn.com/detail/stock_quote?Symbol=ggs)
Yahoo Chart Link (http://finance.yahoo.com/q?s=ggs)
Finviz Chart Link (http://finviz.com/quote.ashx?t=ggs)

My Opinion

I realize that this is just another of many stocks recently hitting a new 52 week low. IMO, 2010-2011 will be a big for the oil & gas sector. You may want to put this one on your watch list.

I am just watching this stock for now. I have not looked into their financial status.

Corporate Profile / About Us

Global Geophysical Services (NYSE:GGS) is a leading worldwide provider of "reservoir grade" (RG3D(R)) seismic data acquisition services, data processing, interpretation services and multi-client seismic data library products to an international client base. Headquartered in Houston, Texas, GGS was built from the ground up by a team of the most experienced leaders in the seismic industry. Global Geophysical Services combines innovative design techniques and environmental responsibility with advanced application of modern and emerging technologies to facilitate the success of its clients. To learn more about Global Geophysical, visit www.GlobalGeophysical.com (http://www.GlobalGeophysical.com).


Global Geophysical Services, Inc.
Mathew Verghese, Chief Financial Officer
Phone: 713-808-1750
begin_of_the_skype_highlightingFax: (713) 972-1008
www.globalgeophysical.com (http://www.globalgeophysical.com/)

Recent News Articles

Global Geophysical Services, Inc. has Investors Worried; GGS, PBR, GIFI
Friday, 23 July 2010 03:25

Global Geophysical Services, Inc. (GGS) [Chart (http://www.learningmarkets.com/index.php?option=com_content&view=article&id=12733&Itemid=234&company=Global-Geophysical-Services&ticker=GGS) - Analysis (http://www.learningmarkets.com/index.php?option=com_content&view=article&id=12733&Itemid=234&company=Global-Geophysical-Services&ticker=GGS) - News (http://www.learningmarkets.com/index.php?option=com_content&view=article&id=12733&Itemid=234&company=Global-Geophysical-Services&ticker=GGS)] established a new 52-week low yesterday at $6.02. Clearly investors are not enthusiastic about the firm's prospects. The decline was accompanied by higher than average volume, which adds to the momentum behind yesterday's move.

The question is, will GGS continue falling or will it turn things around and start moving higher? The stock has lost 30.77% during the past month, has a price-to-book value of 0.93 and a PEG ratio of 0.

Traders are often tempted to buy stocks hitting their arbitrary 52-week lows as a way to buy in when the stock has gone "too low." However, a 20-year study conducted by Schwab Analysts showed that, on average, buying stocks at their 52-week lows underperformed both a strategy of buying stocks at new 52-week highs and simply buying the major market indexes.

GGS competes in the Oil & Gas Drilling & Exploration industry with Petroleo Brasileiro (PBR) [Chart (http://www.learningmarkets.com/index.php?option=com_content&view=article&id=12733&Itemid=234&company=Petroleo-Brasileiro&ticker=PBR) - Analysis (http://www.learningmarkets.com/index.php?option=com_content&view=article&id=12733&Itemid=234&company=Petroleo-Brasileiro&ticker=PBR) - News (http://www.learningmarkets.com/index.php?option=com_content&view=article&id=12733&Itemid=234&company=Petroleo-Brasileiro&ticker=PBR)]---the largest firm in the industry group---and Gulf Island Fabrication Inc. (GIFI) [Chart (http://www.learningmarkets.com/index.php?option=com_content&view=article&id=12733&Itemid=234&company=Gulf-Island-Fabrication&ticker=GIFI) - Analysis (http://www.learningmarkets.com/index.php?option=com_content&view=article&id=12733&Itemid=234&company=Gulf-Island-Fabrication&ticker=GIFI) - News (http://www.learningmarkets.com/index.php?option=com_content&view=article&id=12733&Itemid=234&company=Gulf-Island-Fabrication&ticker=GIFI)], who have returned -2.63% and -0.06% during the past month, respectively. GGS is likely to be sensitive to its competitors so future strength in the Oil & Gas Drilling & Exploration industry could be an early warning sign that things might be turning around.
http://www.learningmarkets.com/News-Feed/2010072332866/global-geophysical-services-inc-has-investors-worried-ggs-pbr-gifi.html (http://www.learningmarkets.com/News-Feed/2010072332866/global-geophysical-services-inc-has-investors-worried-ggs-pbr-gifi.html)

Global Geophysical Services Announces 2nd Quarter Earnings Call
Posted on: Wed, 21 Jul 2010 04:47:01 EDT

Jul 21, 2010 (M2 PRESSWIRE via COMTEX) --
BestOtc.Com is pleased to announce the following news about Global Geophysical Services, Inc. (NYSE : GGS | PowerRating (http://pr.tradingmarkets.com/search/GGS/))

HOUSTON, - July 20, 2010 - Global Geophysical Services, Inc. (NYSE:GGS)announced today that it plans to publicly release financial results for its quarter ended June 30, 2010, the Company's second quarter of fiscal 2010, before the market opens on Thursday, August 5, 2010.

An investor conference call to review the second quarter results will be held on Thursday, August 5, 2010 at 9:00 a.m. Eastern Time.

Investors and analysts are invited to participate in the call by phone or via the internet webcast at:
Conference Call Information:
Conference ID: 89507818
Conference Topic: Global Geophysical Services Q2 Earnings Call
Date of Call: 08/05/2010
Time of Call: 09:00 a.m. Eastern Time
Domestic Participants Toll free: +1 (877) 312-5527
International or Domestic Participants Toll: +1 (253) 237-1145
The call will also be archived for on-demand replay for 30 days.

Replay Telephone Numbers:
Toll: +1 (706) 645-9291
Toll free: +1 (800) 642-1687
Conference ID: 89507818
http://www.tradingmarkets.com/news/press-release/ggeo_ggs_bestotc-global-geophysical-services-announces-2nd-quarter-earnings-call-1054872.html (http://www.tradingmarkets.com/news/press-release/ggeo_ggs_bestotc-global-geophysical-services-announces-2nd-quarter-earnings-call-1054872.html)

July 26th, 2010, 06:46 AM
Lots of insider selling (May be options exercising)


Looks like from their description they do seismic stuff for oil companies griddle, if they do (google doesnt have a description for me), you may want to look into IO and CGV as well as this one, ive been going to write IO up but just havent had the time...

July 26th, 2010, 07:31 AM
Good post Superfly, I did not catch the insider selling. That calculates to 483,976 shares or 6,332,292 dollars, most of which transpired only in April.

There were two reasons I put GGS on my watchlist:

1.) The reward factor: 6.20 pps with a possible move to 12.00+ pps

2.) They compete with GIFI. GIFI is filling up their yard and may not be targeting projects with as much aggression as they have been.

GGS may be headed South, but I am going to keep watching them.

Thanks for the other two tickers, I will look into them as well.

September 21st, 2010, 10:02 AM
GGS is up to 8.09 pps, over 30% since my first post. I sure wish I had taken a position.

Press Releases
Global Geophysical Services Launches Brazilian Operations

HOUSTON, Sept. 21, 2010 (GLOBE NEWSWIRE) -- Global Geophysical Services, Inc. (NYSE:GGS) announces the signing of a major contract with Petra Energia S.A for an onshore seismic data (http://www.thestreet.com/story/10866605/1/global-geophysical-services-launches-brazilian-operations.html) acquisition project in the Sao Francisco Basin of Minas Gerais, Brazil.

This is Global's first program in the growing Brazilian seismic market and represents one of the largest land programs being undertaken in the country. Petra Energia S.A., a major holder of exploration blocks in Brazil, is commencing a 6000kms data program which includes an option for an additional 3000 kms.

Global will be introducing state-of-the-art Vibroseis technology (http://www.thestreet.com/story/10866605/1/global-geophysical-services-launches-brazilian-operations.html) in Brazil after an absence of more than ten years. Global Geophysical Country Manager George Yapuncich said, "Global is continuing its record of cost-effective data acquisition using the best practices available in the industry. After such a long absence, it is exciting to be bringing Vibroseis technology back to Brazil." Global intends to expand its Brazilian data acquisition services capabilities with data processing and reservoir analysis services and support.

Global Geophysical Services opened its Brazilian office earlier this year and in June, appointed George Yapuncich as Country Manager. Mr. Yapuncich has over 25 years of international exploration experience including extensive experience in Brazil with seismic land and marine operations. Prior to Global, he worked for Western Geophysical and Baker Hughes.

http://www.thestreet.com/story/10866605/1/global-geophysical-services-launches-brazilian-operations.html (http://www.thestreet.com/story/10866605/1/global-geophysical-services-launches-brazilian-operations.html)

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