Energy & Technology Corp. (OTCPK:ENGT) sees acquisition opportunities. George Sfeir, President and Chief Executive Officer of Energy & Technology said: "With oil prices and the active rig count down significantly, we have gone from being backlogged with work, to having to hire additional marketing staff to increase revenue.

We also see the current market as an opportunity to make synergistic acquisitions in the oil services and oil tool sector and to expand internationally."