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Enter Symbol:

down 60.91 %

ALLIS-CHALMERS ENRGY (ALY) downgraded to Underperform by Wachovia

Posted on: Tuesday,  Jun 30, 2009  8:25 AM ET by Wachovia

Wachovia rated Underperform ALLIS-CHALMERS ENRGY (NYSE: ALY) on 06/30/2009, when the stock price was $2.56. Since
then, ALLIS-CHALMERS ENRGY has gained 155.86% as of 02/23/2011's recent price of $6.55.
If you would have followed this Wachovia's recommendation on ALY, you would have lost 60.91% of your investment in 603 days.

Allis-Chalmers Energy Inc. (Allis-Chalmers) provides services and equipment to oil and natural gas exploration and production companies throughout the United States, including Texas, Oklahoma, Louisiana, Arkansas, Pennsylvania, New Mexico, Colorado, offshore in the Gulf of Mexico, and internationally primarily in Argentina, Mexico, and Brazil. Allis-Chalmers operates in three sectors of the oil and natural gas service industry: Oilfield Services, Drilling and Completion, and Rental Services. On August 1, 2008, the Company sold its drill pipe tong manufacturing assets. During the year ended December 31, 2008, the Company acquired BCH Ltd.

Wachovia offers a full range of products and services to meet the needs of corporate and institutional clients nationwide. These include capital raising, market making, and financial advisory products and services, to name just a few. We have the experience and resources you need to help your business grow and succeed. With a unified culture and integrated platform, ours is an organization that executes without distraction. We are focused and proactive, working as a team to deliver the ideas and capital for your needs.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/30/2009 8:25 AM Sell
as of 12/31/2009
1 Week down  -103.24 %
1 Month down  -132.09 %
3 Months down  -72.47 %
1 YTD down  -193.75 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/6/2008 8:25 AM Hold

(*) Stock Price at the time of the recommendation.
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