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RIG, CRWE, EPD, DLKM, BWA - Market Update From DrStockPick.com!
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RIG, CRWE, EPD, DLKM, BWA - Market Update From DrStockPick.com!

 

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Transocean Ltd. (NYSE:RIG) issued an updated Fleet Status Report covering the company's 139-unit offshore drilling fleet. Drilling rig status and contract information on the company's offshore drilling fleet has been condensed into the Transocean Fleet Status Report, which is available through the company's web site.

Transocean Ltd. provides offshore contract drilling services for oil and gas wells worldwide. It offers deepwater and harsh environment drilling, oil and gas drilling management, and drilling engineering and project management services.

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Crown Equity Holdings Inc. (OTCBB:CRWE) announced that its subsidiary company, Crown Tele Services Inc. is still moving forward after dissolving its joint venture with Communication Expert Corporation and will gradually start rolling out its internet based voice and video service IP-PBX solutions next year.

The cornerstone of Crown Tele Services Inc. strategy is to meet the highest standards when it comes to delivering VoIP (Voice over Internet Protocol) communication solutions specifically designed to meet the market needs.

Hosted IP-PBX lets you share several incoming phone lines among a bigger number of extensions, so it is not required to fund another line for every single office employee or workstation, which saves money. However the implementation and continuing maintenance of an VOIP PBX system, takes a type of expertise that your particular IT staff may possibly not have. And if you are using a commercial product, the up-front costs for your hardware and software may be unreasonable.

According to ABI Research, the latest global business VoIP services forecasts show that the value of the overall market, which includes VoIP integrated access, SIP trunking, hosted IP-PBX/IP Centrex and managed IP-PBX services, is set to double over the next five years, to exceed $20 billion by 2015.

Crown Equity Holdings Inc., together with its digital network, currently provides electronic media services specializing in online publishing and Web sites, which bring together targeted audiences and advertisers that want to reach them. Crown Equity Holdings Inc. offers internet media-driven advertising services, which covers and connects a range of marketing specialties, as well as search engine optimization for clients interested in online media awareness.

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Douglas Lake Minerals Inc. (OTCBB:DLKM) has recently filed a NI 43-101 Technical Report on its four 100% owned prospecting licenses which cover 800 square kilometers in the Handeni District of eastern Tanzania. This area recently has been recognized as an important gold district after the Magambazi gold find.

The 43-101 report details the first and second phases of exploration over the license area. In the Company's November 23rd release it was disclosed that the first phase airborne geophysical survey effectively outlined the folded and faulted geologic terrain as well as five prominent Northwest-Southeast trending shear zones that extend through the Douglas Lake ground. The second phase work program concentrated on collecting and analyzing soil geochemical samples on both detailed grids as well as reconnaissance style control lines across the large project area.

Historically, the region has seen only small-scale artisanal workings which originally allowed explorers to focus on the Magambazi prospect. Now the Handeni region is recognized to be one of the prime exploration targets for gold in Tanzania. On September 13th 2010, Canaco Resources Inc. announced that regional soil sampling had outlined a total of two North-Westerly parallel trends of gold mineralization on their license area. The two trends, which include the Magambazi mineralization, are said to have a combined strike length of 15 kilometers.

Within the second phase of work, outlined in Douglas Lakes' 43-101 report, portions of the five northwest-southeast shear zones were tested by widely spaced soil sample profiles. The results indicate linear anomalous gold trends in soil that are coincident with the Northwest-Southeast structures as outlined by geophysics. In total, the soil program was successful in outlining gold trends that have a combined strike length of over 40 kilometers on the Douglas Lake ground.

Tanzania has abundant mineral resources. The country's mining industry is driven by gold mining. Since the mid 1990's, Tanzania has been the major focus of Africa's gold exploration and development attracting some of the largest mining companies in the World. Major gold mining companies operating in the country include Barick of Canada, Anglo Gold Ashanti of South Africa and Resolute.

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BorgWarner Inc. (NYSE:BWA) provided 2011 earnings guidance of $3.85 to $4.15 per diluted share, which implies earnings growth of 35% to 40% as compared to 2010 earnings guidance of $2.85 to $2.95 per diluted share.

BorgWarner Inc., together with its subsidiaries, engages in the manufacture and sale of engineered automotive systems and components primarily for power train applications worldwide. It operates in two segments, Engine and Drivetrain. The Engine segment offers turbochargers, chain products, emissions systems, thermal systems, diesel cold start and gasoline ignition technology, and diesel cabin heaters.

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Enterprise Products Partners LP (NYSE:EPD) announced that the board of directors of its general partner declared an increase in the quarterly cash distribution rate paid to partners to $0.59 per common unit, or $2.36 per unit on an annualized basis. The quarterly distribution will be paid on Monday, February 7, 2011, to unitholders of record as of the close of business on Monday, January 31, 2011. This distribution rate, which represents a 5.4 percent increase over the $0.56 per unit distribution rate declared with respect to the fourth quarter of 2009, is the 35th distribution increase since EPD's initial public offering in 1998 and the 26th consecutive quarterly increase.

Enterprise Products Partners L.P. provides a range of services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, refined products, and petrochemicals in the continental United States, Canada, and Gulf of Mexico.

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