2. Price Update Price Update for Past Week Current Price: $87.89 When I started looking at FLS, was priced at $73.89 Has stock already captured much of its upside?
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4. N-Stamp Certification (Nuclear Quality Assurance Level 1): Prerequisite to serve customers in the nuclear power industry.
7. March 2008: Transcanada Pipelines (TRP) announces that it will build a large “bullet” pipeline to quickly move oil.
8. Canadian National Energy Board announces Canadian Oil Pipeline reaching maximum capacity, needs new faster pumping.
9. As oil prices increase, companies can drill in more isolated areas and still turn a profit – using more extensive pipelines and pumping systems to get this oil (part of the reason FLS did so well in 2007-2008).
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11. Finalized agreement with China Petroleum and Chemical Corporation (Sinopec), now a preferred vendor for them. Sinopec is one of the largest petroleum companies in China, and is ranked 16th in Fortune Global 500.
12. Supply pumps to Abu Dhabi Crude Oil Pipeline Project, estimated value of between $85-90 million.
13. Signed agreement with Petrobras, world’s 7th largest oil company, to provide seals and services for one of the largest refineries in Brazil.
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15. FLS is most active in: manufacturing of organic and inorganic chemicals, pharmaceutical and specialty products such as soaps, cleaners, etc.
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17. Q4 2008 allocations: RMB 2 billion to improve rural power grid, RMB 2 billion to improve urban power grid, RMB 800 million for manufacturing of nuclear-power and wind-power terminals.
18. Expected to see increased power demands in growing countries like China and India, as well as expanded output in developed countries.
19. Electrical power output in US expected to increase from current 3852 to 4670 in 2030 – this requires significant plant upgrades and perhaps the construction of additional plants.
22. Significant amount of orders from areas all over the world (Angola, Algeria, Australia, and Chile).
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24. Water consumption has doubled every 20 years, will get more difficult to find over time, will need more complex systems and pumps.
25. Goldman Sachs: by 2020, US will need one trillion dollars in water treatment.
26. Limited options: Even with 5-fold increase in capacity by 2050, desalination will only account for 1% of global water supply.
27. California’s current water crisis will cost taxpayers US $1.6 billion per year by 2020.
28. Australia’s overhaul of its water-supply (due to 2007 drought) will cost an estimated US $10 billion.
29. China plans to channel billions of cubic meters of water from Yangtze River.
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31. Designed new plug especially for desalination industry. Allows for quick and easy repair without removal of the valve from production line, or the need for special equipment or specially-trained technicians.
33. Bullish on industry: company projections that $22 billion will be spent in water infrastructure over next 25 years. Growth in demand for water and need to transport water over long distances will continue to create opportunities.
