Poseidon Concepts: Storms Ahead

OLYMPIA, Wash. (AP) — The long-delayed cleanup of the nation's most contaminated nuclear site became the subject of more bad news Friday, when Washington Gov. Jay Inslee announced that a radioactive waste tank there is leaking.

OLYMPIA, Wash. — A tank that holds radioactive liquids is leaking at the nation’s most contaminated nuclear site, Washington Gov. Jay Inslee said Friday, raising concerns about the integrity of other storage facilities at the Hanford Nuclear Reservation.

Energy services is an extremely cyclical and highly competitive business that requires companies to be effective deployers of technology, savvy financial managers and opportunistic salesmen of their wares and services. And even companies that do all three tasks well can fail if they're caught leaning the wrong way when industry conditions turn down.That was the case for several Canadian services companies in 2008, when oil prices fell from a high of USD150 a barrel to barely USD30 in a matter of a few weeks.

Wolf Richter   www.testosteronepit.com   www.amazon.com/author/wolfrichter Engineers around the world have done a great job developing nuclear technologies to serve mankind’s many endeavors: medical devices, power generators, naval propulsion systems, or the most formidable weapons ever built, so formidable that they could largely wipe out mankind and its many endeavors.

Royal Dutch Shell Plc is expanding plans to make liquefied natural gas a fuel for ships and trucks as Europe’s largest energy producer looks to profit from the cheapness of U.S. gas compared with oil.

Washington Governor Jay Inslee says six underground tanks at the Hanford Nuclear reservation are leaking, according to the Associated Press. The problem has been brewing for a while.

By Chris Damas: Here's an interesting flyer for risk-takers: Poseidon Concepts (POOSF.PK).The stock was crushed yesterday, down 62% on the Toronto Stock Exchange on a massive 24.6 million shares.Post Script: Today at 10:30am it is trading at $4.95 CAD after hitting a high of $5.25 and another low of $4.49 on 4.85 million traded.

Kurt Wulff (McDep Associates) submits: We initiate a buy recommendation of Canadian small cap producer Birchcliff Energy Ltd. (BIREF.PK) for rapidly growing natural gas production in the Montney/Doig unconventional shale gas/tight gas formation in northwest Alberta.