Beaten Down Rail Sector Stock Kelso Technologies Turns Higher, +40%

Steve Kanaval  |

I noticed a few things about Kelso Technologies Inc. (KIQ) today when I trawled movers in our universe of stocks. The first was that shares of Kelso were 40% higher today, after plunging 75% for the year, down from near six dollars to as low as $1.50. I also noticed the CEO's name is James Bond, which is why editorial posted a picture of 007.

I called the company this morning and got no answer, so I sent an email to the media contact, but I noticed they rarely talk to the media, so I set out to find out all I could about what the company does, and how they do it. Here is what I learned:

Kelso Technologies is a railroad equipment supplier that produces and sells tank car service equipment used in the loading, unloading, and containment of hazardous materials during transport in the United States and Canada. It offers a series of external constant force spring pressure relief valves for railroad tank cars that carry hazardous and nonhazardous commodities that address the technical requirements of load and unload operations and the containment of hazardous commodities during transport. The company was founded in 1987 and is headquartered in North Delta, Canada.

I also noticed, via a recent PR, that the Association of American Railroads (AAR) has approved Kelso's new bottom outlet valve (BOV) design for commercial field trial testing. Bottom outlet valves are utilized on rail tank cars for the primary purpose of unloading the contents of the tank. These valves are widely used in the transport of hazardous commodities such as crude oil, ethanol, chemicals, petrochemicals and minerals such as molten sulfur, as well as many non-hazardous commodity applications.

Does Kelso Technologies have a Goldfinger?

The thing I noticed about the company shareholders was that everyone who believed in the company a while back had exited. A new set of investors are now in place and reaping the benefits of today's move, which is usually the way things happen in small cap valuations – the portfolio managers cannot stand the heat from the bosses and move onto something that moves the needle in the portfolio. In this case, they missed the train – Kelso looks solid across the board, with new products and all the short sellers out of the way from the recent decline.

So James Bond, have your media staff give me a call so our readers can learn more about what you do, and how you do it. We don't bite here at…and you are a perfect candidate for us to follow.

Steve Kanaval is the author of the upcoming's Small-Cap Throwdown, a premium newsletter designed to help investors identify the best small-cap stocks to add to your portfolio and trading ideas to profit off them. The first issue pits the hottest beverage small-cap stocks against each other to find a winner. Sign-up here for a free issue today!



DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:


Symbol Name Price Change % Volume
KIQ Kelso Technologies Inc 0.55 -0.01 -1.01 32,163



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