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GASFRAC Energy Services Inc. GSFVF

Energy
GasFrac Energy Services Inc is an oil and gas service company. It is engaged in providing liquid petroleum gas fracturing services to oil and gas companies in Canada and the United States of America. The company has developed a patented waterless Liquid Petroleum Gas gel that yields higher reservoir production while eliminating concerns over water use in fracturing.


OTCPK:GSFVF - Post by User

GASFRAC Energy Services Inc. > Lost 50 mil in equity this quarter
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Comment by Thanksforplayingon Aug 21, 2014 2:30pm
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Post# 22866135

RE:RE:RE:RE:RE:RE:RE:RE:RE:Lost 50 mil in equity this quarter

RE:RE:RE:RE:RE:RE:RE:RE:RE:Lost 50 mil in equity this quarterI'm sorry but you really need to take some accounting courses!  Their balance sheet looks horrible.  They lost 50 mil in equity last quarter alone!    Almost 1/3 of the company...poof gone!  The only reason their current ratio (current asstets divided by current liabilities which points to company's liquidity) isn't bad is because they took 20 mil out of their line of credit!    That's a horrible sign

There is one bright side.  That is their debentures.  The horrible state of this company should cause the debentures to trade around 50 but they are around 80.  Bond mkt is always ahead of equity mkt.  it's a good sign someone maybe is looking to buy them out.  But don't expect much of a premium.  Company prob gets bought for 1.50 a share
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