Hyduke Energy Services Inc. HYKCF

RE:RE:RE:RE:New Capital Injection

[Cardboard1]

It has been an exciting time recently however, I should remind that Hyduke has not made a single quarter of positive EBITDA since new management took over. Lot's of cleanup that was necessary but, the new model did not produce even in 2014. Can't say that the Thunder & Lightning acquisition met expected results so what about this Western one?

In the past, it was exciting to see these big new rigs contracts only to see that quoting was done improperly and resulted in make work projects with no margin. So when I hear about big contracts, I am a little worried about the execution, delivering on time and positive margins in the end. I would prefer a lot of little projects.

So while the balance sheet is cleaned up, the operation ready to go, it is kind of a show me story at this point IMO. And while overall, things are busier and better out West, recent quarterly results from energy service firms indicate a turn but, at a much slower pace than what I would have liked to see.