3SOF

Bottom Fishing.....

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Boots & Coots International Well Control Inc.
11615 North Houston-Rosslyn
Houston, TX 77086
Phone: 281-931-8884
Fax: 713-621-7988
Web Site: http://www.bncg.com

DETAILS   
Index Membership: N/A
Sector: Basic Materials
Industry: Oil & Gas Equipment & Services
Full Time Employees: 59


BUSINESS SUMMARY   
Boots & Coots International Well Control, Inc. operates as an oil and gas services company. It provides a suite of integrated oilfield services for the prevention, emergency response, and restoration of blowouts and well fires worldwide. Its prevention services include training, well plan review and intervention planning, and the development of audit and inspection programs. The company's emergency response and risk management services include risk assessment, prevention, loss mitigation, contingency planning, and continuous training and education in aspects of critical well management, as well as engineering services, such as planning and design of relief well drilling, including trajectory planning, directional control and equipment specifications, and onsite supervision of the drilling operations; planning and design of production facilities, which are susceptible to well capping or other control procedures; and mechanical and computer aided designs for well control equipment. It also offers post event services, including project management and engineering, health, safety, and environmental services, as well as pre-event engineering services, including consultation, well planning, dynamic kill modeling, and intervention planning. In addition, the company engages in the sale and rental of fire fighting equipment, such as firefighting pumps, pipe racks, Athey wagons, pipe cutters, crimping tools, and deluge safety systems, as well as provides maintenance, monitoring, updating of equipment, and ongoing consulting services. Through its participation in the insurance program WELLSURE, the company also provides lead contracting and risk management services, under critical loss scenarios to the program's insured clients. The company has strategic alliance with Halliburton Energy Services division of the Halliburton Company and with Global Special Risks, Inc. Boots & Coots International is based in Houston, Texas.

News Headlines Link......News today
http://finance.yahoo.com/q/h?s=WEL

Very nice ...  
Broke through the 200-dma....2 pennies below the 50-dma.

Nice uptrend
Be patient enough to enter on a pullback.
It's made a new mulit-yr high and shoud roll upwards from here.

Seems that everyone missed checking this out and a follow on it.

Volume: 687,400
Avg Vol (3m): 270,956

Technicals
Percentage Loser

Last Price Quote is:
5.90%above 13-day EMA
30.07%above 50-day EMA
RS Rating: 97 

Fundamentals
Key Data:
Market Cap (M): $30.91 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: N/A

Moving

Boatguy, Thanks for the update......
Has formed a Symmetrical Triangle (continuation) Pattern.
Looks to be headed for a Breakout. JMHO  of course.....

Technicals
MACD - Bullish
Percentage Gainer

Last Price Quote is:
13.15%above 13-day MA
15.49%above 50-day MA
RS Rating: 87 

Fundamentals
Key Data:
Market Cap (M): $30.91 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: 03/13/2007
Last Analyst Rating: N/A

Looking good

good news after clock could break 2.5$ than blue skys!!!

Boots & Coots Reports Fourth Quarter and Year-End Results
Tuesday March 20, 6:43 pm ET
Company Realizes Strongest Year in History

HOUSTON--(BUSINESS WIRE)--Boots & Coots International Well Control, Inc. (AMEX:WEL - News), reported net income attributable to common stockholders of $4.5 million, or $0.07 per diluted share, for the fourth quarter ended December 31, 2006 compared to net income of $1.2 million, or $0.04 per diluted share, for the same period in 2005. Revenues for the fourth quarter of 2006 were $33.7 million compared to $5.9 million in the fourth quarter of 2005. The Company reported EBITDA (defined as earnings before interest, income taxes, depreciation and amortization; see the reconciliation and rationale for this non-GAAP financial measure below) of $8.9 million for the 2006 fourth quarter compared to $1.9 million for the 2005 fourth quarter. The 2006 fourth quarter includes the operating results for the hydraulic workover/snubbing business acquired effective as of March 1, 2006.

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For the year ended December 31, 2006, the Company reported net income attributable to common stockholders of $11.8 million, or $0.21 per diluted share, compared to $1.9 million, or $0.06 per diluted share for 2005. Revenues for the year were $97.0 million compared to $29.5 million for 2005. EBITDA was $24.8 million in 2006 compared to $5.3 million for the prior year. Included in the 2006 operating results is ten months of results from the Company's acquired hydraulic workover/snubbing business. Boots & Coots recognized an effective tax rate of 34.4% in 2006 compared to 28.9% in 2005.

"2006 was a true milestone for Boots & Coots. In 2005, our response business accounted for more than 50% of our revenue mix. In 2006 it accounted for less than 22%, thanks to our acquired hydraulic workover/snubbing services and our growing Safeguard business," stated Jerry Winchester, President and Chief Executive Officer. "In 2006 we exceeded $100 million in revenues on a pro forma basis. Pro forma revenues were $105.6 million, 52% higher than 2005 pro forma revenues, with Well Intervention growing 58% and Response growing 30%.

"Growth in both segments reflects our strategy of gaining a geographic presence and then expanding that presence with additional service offerings. Our successes in Algeria and more recently in Libya are both great examples of this strategy, and we plan to use those as blueprints to expand our presence in other countries as well as here at home."

Business Segment Results

Well Intervention

For the 2006 fourth quarter, the Well Intervention segment generated revenues of $22.5 million and EBITDA of $4.2 million compared to $3.5 million in revenues and $0.7 million in EBITDA in the 2005 fourth quarter, reflecting a revenue increase of 539% and an EBITDA increase of 520%. These increases were due primarily to the inclusion of results for the hydraulic well control business from and after March 1, 2006, the effective date of the acquisition, and quarter-over-quarter growth in the Company's Safeguard services of 106%. The hydraulic well control business contributed $15.8 million in revenues and $2.2 million in EBITDA in the fourth quarter of 2006. For the year, Well Intervention generated $76.7 million in revenues and $16.5 million in EBITDA, up 453% and 478%, respectively, in 2006 compared to revenues of $13.9 million and EBITDA of $2.8 million in 2005. The hydraulic well control business contributed $53.8 million in revenues and $13.0 million in EBITDA for the period from March 1, 2006 to December 31, 2006.

Response

For the 2006 fourth quarter, the Response segment generated revenues of $11.2 million and EBITDA of $4.8 million compared to $2.4 million in revenues and $1.3 million in EBITDA in the 2005 fourth quarter. For the year ended 2006, the Response segment generated $20.4 million in revenues and $8.3 million in EBITDA compared to $15.7 million in revenues and EBITDA of $2.4 million for 2005. Margins improved due to reduced third party pass-through charges, favorable pricing and operating leverage gained on increased activity.

During the first quarter of 2006, the Company adopted Statement of Financial Accounting Standards No. 123 (revised 2004), which requires the measurement and recognition of compensation expense for all share-based payment awards made to employees, consultants and directors; including employee stock options based on estimated fair values. For the quarter and year ended December 31, 2006, the Company incurred non-cash charges of $0.3 million, or $0.01 per diluted share, and $1.3 million, or $0.02 per diluted share, respectively, related to share based awards as compared to zero in both comparable periods in 2005.

First Quarter Update

The company expects revenues and net income in the first quarter of 2007 to be down from the fourth quarter of 2006. Response revenues will be significantly lower in the first quarter of 2007 and certain Well Intervention projects of customers in the Gulf of Mexico and Venezuela have been delayed. "The second quarter is historically a stronger quarter in the Gulf of Mexico so we expect that callout work will increase going forward," stated Mr. Winchester. "Based on our operating history, the apparent backlog in Venezuela and delays resulting from the change in operating control of fields, we expect those projects to resume in due course." Due to the cyclical nature of the Response business, as evidenced by the concentration of 2006 Response work in the last two quarters of the year, the company's Response revenues for the first quarter will approach the level of the first quarter of 2006.

Conference Call

Boots & Coots will hold its quarterly conference call to discuss 2006 results tomorrow, March 21, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). The dial-in number for the call is 800-706-7745, passcode 'Boots & Coots'. To listen to the live Webcast, log on to www.bncg.com/investor/invest.htm and click on the 2006 Earnings Webcast link. A replay of the Webcast will be available on the investor relations page of the Company's Website within 24 hours of the call. The call will also be available for replay for 30 days by dialing 888-286-8010, passcode 76298178. A copy of this press release and any other financial information about the period to be presented will be available at the Investor Relations section of the Company's Website.

About Boots & Coots

Boots & Coots International Well Control, Inc., Houston, Texas, provides a suite of integrated pressure control services to onshore and offshore oil and gas exploration companies around the world. Our business segments are Well Intervention and Response. The Well Intervention segment consists of services that are designed to enhance production for oil and gas operators and reduce the number and severity of critical well events such as well fires, blowouts or other losses of control at the well. The scope of these services includes training, contingency planning, well plan reviews, audits, inspection services and engineering services offered through our Safeguard programs and services offered in conjunction with our WELLSURE® risk management program. This segment also includes services performed by hydraulic workover and snubbing units that are used to enhance production of oil and gas wells. The Response segment consists of personnel, equipment and services provided during an emergency response such as a critical well event or a hazardous material response. These services include snubbing and other workover services provided during a response. For more information, visit the Company's web site at www.boots-coots.com.

Certain statements included in this news release are intended as "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Boots & Coots cautions that actual future results may vary materially from those expressed or implied in any forward-looking statements. More information about the risks and uncertainties relating to these forward-looking statements are found in Boots & Coots' SEC filings, which are available free of charge on the SEC's web site at www.sec.gov.

(Tables to follow)

            BOOTS & COOTS INTERNATIONAL WELL CONTROL, INC.
           CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
              (000's except share and per share amounts)

                        Three Months Ended          Year Ended
                           December 31,            December 31,
                      ----------------------- -----------------------
                         2006        2005        2006        2005
                      ----------- ----------- ----------- -----------
                      (unaudited)             (unaudited)

  REVENUES(a)            $33,745      $5,873     $97,030     $29,537

  COST OF SALES,
   excluding
   depreciation and
   amortization           18,844       1,968      52,281      14,488
                      ----------- ----------- ----------- -----------

     Gross Margin         14,901       3,905      44,749      15,049

OPERATING EXPENSES         4,865       1,276      15,597       7,098
SELLING, GENERAL AND
ADMINISTRATIVE
EXPENSES                  1,005         685       4,118       2,674
OTHER OPERATING
EXPENSES                     85          --         259          --
DEPRECIATION AND
AMORTIZATION              1,417         122       4,883         714
                      ----------- ----------- ----------- -----------

OPERATING INCOME           7,529       1,822      19,892       4,563

INTEREST EXPENSE AND
OTHER, net                  751         132       2,860         655
                      ----------- ----------- ----------- -----------

INCOME BEFORE INCOME
TAXES                     6,778       1,690      17,032       3,908
INCOME TAX EXPENSE         2,292         252       5,867       1,129
                      ----------- ----------- ----------- -----------

NET INCOME                 4,486       1,438      11,165       2,779
                      ----------- ----------- ----------- -----------

PREFERRED DIVIDEND
REQUIREMENTS AND
ACCRETIONS                   --         225        (616)        874
                      ----------- ----------- ----------- -----------

NET INCOME
ATTRIBUTABLE TO
COMMON STOCKHOLDERS      $4,486      $1,213     $11,781      $1,905
                      =========== =========== =========== ===========

Basic Earnings per
Common Share:             $0.08       $0.04       $0.22       $0.06
                      =========== =========== =========== ===========

Weighted Average
Common Shares
Outstanding - Basic  58,893,000  29,536,000  53,772,000  29,507,000
                      =========== =========== =========== ===========

Diluted Earnings per
Common Share:             $0.07       $0.04       $0.21       $0.06
                      =========== =========== =========== ===========

Weighted Average
Common Shares
Outstanding -
Diluted              60,657,000  31,379,000  55,036,000  31,374,000
                      =========== =========== =========== ===========

(a) Revenues for the year ended December 31, 2005 include $5,341 of
pass-through third-party charges related to one large job for
personnel security. A lower level of charges was applicable for the
year ended December 31, 2006.

Information concerning operations in different business segments for the three months and year ended December 31, 2006 and 2005 is presented below. Certain reclassifications have been made to the prior periods to conform to the current presentation.

                          Three Months Ended         Year Ended
                             December 31,           December 31,
                        ---------------------- -----------------------
                           2006       2005        2006        2005
                        ----------- ---------- ----------- -----------
                                        (in thousands)
                        (unaudited)            (unaudited)
Revenues
Well Intervention         $22,505     $3,521     $76,653     $13,860
Response                   11,240      2,352      20,377      15,677
                        ----------- ---------- ----------- -----------
                           $33,745     $5,873     $97,030     $29,537
                        ----------- ---------- ----------- -----------
EBITDA(a)
  Well Intervention        $ 4,180       $674    $ 16,472      $2,848
  Response                   4,766      1,270       8,303       2,429
                        ----------- ---------- ----------- -----------
                            $8,946     $1,944     $24,775      $5,277
                        ----------- ---------- ----------- -----------
Depreciation and
Amortization (b)
  Well Intervention         $1,312        $72      $4,637        $310
  Response                     105         50         246         404
                        ----------- ---------- ----------- -----------
                            $1,417       $122      $4,883        $714
                        ----------- ---------- ----------- -----------
Operating Income
  Well Intervention        $ 2,868       $602    $ 11,835      $2,538
  Response                   4,661      1,220       8,057       2,025
                        ----------- ---------- ----------- -----------
                            $7,529     $1,822     $19,892      $4,563
                        ----------- ---------- ----------- -----------

(a) EBITDA represents earnings before interest, taxes, depreciation
and amortization. See the reconciliation and rationale for this non-
GAAP financial measure below.

(b) Depreciation has been charged to each segment based upon specific
identification of expenses and an allocation of remaining non-segment
specific expenses pro rata between segments based upon relative
revenues.

            BOOTS & COOTS INTERNATIONAL WELL CONTROL, INC.
      RECONCILIATION BETWEEN CONDENSED CONSOLIDATED STATEMENT OF
  OPERATIONS AND EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION AND
                             AMORTIZATION
                            (in thousands)

                         Three Months Ended          Year Ended
                            December 31,            December 31,
                       ----------------------- -----------------------
                          2006        2005        2006        2005
                       ----------- ----------- ----------- -----------
                       (unaudited)             (unaudited)
Net Income                 $4,486      $1,438     $11,165      $2,779
Income Tax Expense         $2,292        $252      $5,867      $1,129
Interest Expense and
Other, net                  $751        $132      $2,860        $655
Depreciation and
Amortization              $1,417        $122      $4,883        $714
Earnings Before
Interest, Taxes,
Depreciation and
Amortization (EBITDA)
(a)                       $8,946      $1,944     $24,775      $5,277


(a) Earnings before Interest, Income taxes, Depreciation, Depletion
and Amortization ("EBITDA") is a non-GAAP financial measure, as it
excludes amounts or is subject to adjustments that effectively
exclude amounts, included in the most directly comparable measure
calculated and presented in accordance with GAAP in financial
statements. "GAAP" refers to generally accepted accounting principles
in the United States. Non-GAAP financial measures disclosed by
management are provided as additional information to investors in
order to provide them with an alternative method for assessing our
financial condition and operating results. These measures are not in
accordance with, or a substitute for, GAAP, and may be different from
or inconsistent with non-GAAP financial measures used by other
companies. Pursuant to the requirements of Regulation G, whenever we
refer to a non-GAAP financial measure, we also present the most
directly comparable financial measure and presented in accordance
with GAAP, along with a reconciliation of the differences between the
non-GAAP financial measure and such comparable GAAP financial
measure. Management believes that EBITDA may provide additional
information with respect to the Company's performance or ability to
meet its debt service and working capital requirements.

            BOOTS & COOTS INTERNATIONAL WELL CONTROL, INC.
                CONDENSED CONSOLIDATED BALANCE SHEETS
                            (in thousands)

                                                    December 31,
                                               -----------------------
                                                  2006        2005
                                               ----------- -----------
                                               (unaudited)
Current Assets                                    $52,347     $10,598

Current Liabilities (a)                           $26,835      $7,033

Total Working Capital (b)                         $25,512      $3,565

Total Assets                                     $101,017     $14,767

Long-Term Debt and Notes Payable (c)              $29,492      $3,939

Total Liabilities                                 $62,595     $10,972

Total Stockholders' Equity                        $38,422      $3,795


(a) December 31, 2005 includes $259 for the current portion of
Troubled Debt Restructuring interest related to the 2000 refinancing
of the Prudential Loan Agreement. The remaining amount at March 1,
2006 was credited to income as a result of the March 1, 2006
refinancing and acquisition.

(b) The Company defines Working Capital as all current assets,
including cash, less all current liabilities which includes current
maturities of long-term debt.

(c) Net of current maturities of long-term debt. December 31, 2005
includes $339 for the long-term portion of Troubled Debt
Restructuring interest related to the 2000 refinancing of the
Prudential Loan Agreement. The remaining amount at March 1, 2006 was
credited to income as a result of the March 1, 2006 refinancing and
acquisition.


Contact:

Boots & Coots International Well Control, Inc., Houston
Investor Contact:
Jennifer Tweeton, 281-931-8884
[email protected]
or
Company Contact:
Chief Financial Officer
Gabriel Aldape, 281-931-8884
[email protected]

Source: Boots & Coots International Well Control, Inc.

Doing well.......
WEL is doing well and price has pulled back from the 2.99
At this point we have a 38.2% Fib retrace @ $2.52
May continue to drop, but today at about $2.55 seems like a good entry.

A 50% retrace would occur @ $2.37
A 61.8% retrace would occur @ $2.22

52wk Range: 1.50 - 2.99
Volume: 1,273,840
Avg Vol (3m): 507,232

Technicals
Close Below the 13-day MA

Last Price Quote is:
-4.93%below 13-day MA
5.21%above 50-day MA
RS Rating: 71 

Fundamentals
Key Data:
Market Cap (M): $30.91 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: 05/08/2007
Last Analyst Rating: N/A

Technically some very positive things have happened this week.......
Should be adding !!
Fits the pattern...High volume break above descending resistance.


52wk Range: 1.11 - 2.99
Volume: 1,227,259
Avg Vol (3m): 265,749

Technicals
Percentage Gainer

RS Rating: 91 

Fundamentals
Key Data:
Market Cap (M): $30.91 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: 02/05/2008
Last Analyst Rating: Outperform

Pop baby Pop, we will know in the next few months. 

Boots Coots raised its forecast for the first-quarter 2008 after seeing greater than expected activity in both of its segments. WEL gave guidance of a range of six cents to seven cents a share. Brokerage analysts had been estimating four cents a share.
Analysts responded to the company's forecast by raising estimates for the first quarter to six cents from four cents a share. For the year, two out of two covering analysts also raised consensus estimates by six cents to 23 cents from 17 cents a share.

Boots Coots is extremely cheap. WEL trades at a 2008 P/E of 6.41, which is under the industry average of 10.9. Its price-to-book is 1.57. The company has a tremendous five year average return on equity of 41.04%.


52wk Range: 1.11 - 2.99
Volume: 1,203,195
Avg Vol (3m): 287,90

Technicals
Percentage Gainer

Last Price Quote is:
11.12%above 13-day MA
15.49%above 50-day MA
RS Rating: N/A 

Fundamentals
Key Data:
Market Cap (M): $30.91 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: 05/12/2008
Last Analyst Rating: Outperform

Ascending Triangle (continuation) Pattern...

Projected EPS of $.26 in 2008
Valued at a very low multiple of projected 2008 EPS of $.26. Looking for north of $2 in the coming months. Q1 projections of $.06-$.07 should lift the stock when they report in May.


52wk Range: 1.11 - 2.94
Volume: 1,264,462
Avg Vol (3m): 339,914
Market Cap: 145.49M
P/E (ttm): 17.61
EPS (ttm): 0.11

Technicals
Percentage Gainer

Last Price Quote is:
11.04%above 13-day MA
21.32%above 50-day MA
RS Rating: 91 

Fundamentals
Key Data:
Market Cap (M): $30.91 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: 05/12/2008
Last Analyst Rating: Outperform

Press Release Source: RedChip Companies Inc.


RedChip Independent Issues 4Q 2007 Research Update On Boots & Coots International Well Control
Friday April 4, 10:50 am ET


ORLANDO, Fla., April 4, 2008 (PRIME NEWSWIRE) -- RedChip Independent, a division of RedChip Companies, Inc., has issued a 4Q 2007 research update for Boots & Coots International Well Control, Inc. (AMEX:WEL - News), a global emergency response company specializing in the needs of the oil and gas industries.


Paul Rapa, MBA, RedChip Research Analyst, reported:

``WEL reported record revenue for the fourth quarter, moving the Company over the $100 million milestone for the year and steaming ahead of analyst estimates.

``We believe oil prices will continue to increase, thereby continuing to create unique opportunities for Boots & Coots. Additionally, WEL should see continued growth from their contracts in the Middle East and North Africa, and the Company sees promise in its domestic tool rental segment,'' Rapa continued.

``We reiterate our 'Buy' rating for WEL and believe 2008 will shape up to be a very successful year for the Company. We believe that the Company is being very conservative in their estimated earnings per share and that the Company is extremely undervalued,'' Rapa concluded.

About RedChip Independent(tm)

RedChip Companies, Inc. is a well-established source of independent research and information on the small-cap market. Dedicated to ``Discovering Tomorrow's Blue Chips Today(tm),'' its analysts seek out up-and-coming and undiscovered small-cap companies before they show up on Wall Street's radar. To view the full version of this report, to include the investment conclusion and target price, subscribe to RedChip's Research Community online by visiting http://www.redchip.com/visibility/redchipResearchNEW.asp or call 1-800-REDCHIP.

The RedChip Companies Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=2761

Disclosure:

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Contact:
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Source: RedChip Companies Inc.

Press Release Source: Boots & Coots International Well Control, Inc.


Boots & Coots Schedules First Quarter Earnings Call for May 6
Thursday April 3, 2:34 pm ET


HOUSTON--(BUSINESS WIRE)--Boots & Coots International Well Control, Inc. (AMEX:WEL - News), the premier pressure control company for the oil and gas industry, will discuss 2008 first quarter results via a conference call and Webcast on Tuesday, May 6, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). Boots & Coots will release first quarter results after market close on May 5. A copy of the company's press release and any other financial information about the period to be presented will be available at the Investor Relations section of the company's Website.


The dial-in number for the call is 866-831-6272, passcode 'Boots & Coots'. To listen to the live Webcast, log on to www.boots-coots.com/investor/invest.htm and click on the 2008 First Quarter Earnings Webcast link. A replay of the Webcast will be available on the investor relations page of the company's Website within 24 hours of the call. The call will also be available for replay for 30 days by dialing 888-286-8010, passcode 76022451.

About Boots & Coots

Boots & Coots International Well Control, Inc., Houston, Texas, provides a suite of integrated pressure control services to onshore and offshore oil and gas exploration companies around the world. The Well Intervention segment consists of services that are designed to enhance production for oil and gas operators and reduce the number and severity of critical well events such as well fires, blowouts or other losses of control at the well. This segment includes services performed by hydraulic workover and snubbing units and the rental of pressure control tools that are used to enhance production at the wells. The scope of these services also includes prevention services such as training, contingency planning, well plan reviews, audits, inspection services and engineering services offered through our Safeguard risk management programs. The Response segment consists of personnel, equipment and services provided during an emergency response such as a critical well event or a hazardous material response.



Contact:
Boots & Coots International Well Control, Inc.
Jennifer Tweeton, 281-931-8884
[email protected]

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Source: Boots & Coots International Well Control, Inc.