This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Anton Oilfield Announces Strategic Framework & 2013 Strategy Update

The product development highlights are detailed as follow:

In the drilling technology cluster, the Group will promote integrated services to boost the demand for single services, grow the drilling turnkey business through the addition of land rigs, strengthen the service capacity of directional drilling so as to achieve self-sufficiency in directional drilling apparatus, and broaden the application of oil-based drilling fluid service in extended regions and markets. As for the well completion cluster, the Group will accelerate the construction of Tianjin well-completion tools testing, experiment and assembly base, and strengthen building of self-sufficiency capacity. In the down-hole operations cluster, the Group will maintain its market leadership position in multistage fracking services and promote new fracking techniques along with their applications, continue to invest in pressure pumping equipment to enhance its service capacity, continue to invest in coiled tubing equipment and develop new techniques, and promote self-developed new materials and chemical products. In the tubular services cluster, the Group will invest in leasing resources and vigorously develop the leasing business, while enhancing testing and repairing capabilities.

Facilitate Strategic Resource Alignment

The Group will make every effort to strengthen strategic resource alignment to support the achievement of its fast-growth target.

In human resources, the Group will construct its strategic human resource framework based on the "Talents First" strategy to support the business' sustainable growth. This year, Anton Oilfield will recruit a large number of graduates and train them as well-site engineers at faster pace, aiming to provide a solid backup for the Group's site operations. As for management talents, the Group will actively recruit top-notch talents with international experience in core areas and strengthen the identification and training of potential management candidates.

In capital expenditure allocation, the Group will continue to invest in pressure pumping equipment, directional drilling equipment and coiled tubing equipment, and make appropriate investment in land rigs to propel rapid development in turnkey drilling business. In the meantime, the Group will look for M&A and partnership opportunities that fit in the Group's integrated business strategy which may expand the product line, enhance in-house capacity or provide access to new markets. For R&D investment, the Group will conduct targeted R&D in major technology applications.

2 of 4

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs