Wednesday, August 29, 2007

SulphCo, Inc. (Public, AMEX:SUF)

From what I can tell, there is a lot of doubt about this company and what they do. If that is true then the shorts may be justified in their large bet against the stock. For now, the stock looks poised to continue higher and that short position won't feel too good if the stock trades up through 6.00. I think I'll buy a little with a stop near 5.40

Summary from Google Finance
SulphCo, Inc. (SulphCo) is a development-stage company engaged in the business of developing and commercializing its technology for the upgrading of crude oil by reducing its relative density, its viscosity, and its sulfur and nitrogen content. The Company’s process (Sonocracking) is based upon the use of high-power ultrasonics, the application of high-energy, high-frequency sound waves, which alters the molecular structure of the crude oil. This decreases the relative density and the viscosity of crude oil and correspondingly increases the amount of lighter oils that can be recovered during the refinery processes. Other beneficial changes to the crude oil as a result of the Sonocracking technology include a reduction in the weight percentage of sulfur, as well as a reduction in the parts per million of nitrogen. The markets for SulphCo’s Sonocracking technology and its Sonocracker units are crude oil producers and refiners.