Calmena Energy Services Inc. T.CEZ

RE:RE:RE:RE:RE:Mexican rigs

[sculpin2]

CEZ also has a huge amount of tax losses that I would think would be very valuable to a profitable energy service company that could use them in the next 20 years before they expire. Looking at the 2013 Audited statements they have $99 million in loss carry forwards and $95 million in undepreciated capital costs. This is one valuable tax shelter.

I would think a merger between another energy service company would keep those loss carry forwards valid. Would be good fit for a driller (CDI, ESI, PD, TDG) looking for a US directional business and a foothold in the Mexican market that is beginning to be opened up to foreign investment.