OTCPK:GSFVF - Post by User
Comment by
geodude13on Jan 29, 2012 2:02am
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Post# 19462402
Public offering...
Public offering... All the Canadian Frac companies are down roughly the same. GFS is down 10 % more than Trican and Calrac but the difference is within a standard deviation. I think this is more about the price of natural gas than the earnings right now.
I think the market is baking in reductions in wells drilled and therefore a reduction in the number of frac jobs.
The drillers indicated that there would be fewer wells drilled this winter as the price of gas is starting to be reflected in the well economics.
Regards