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GASFRAC Energy Services Inc. GSFVF

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

Comment by geodude13on Jan 29, 2012 2:02am
783 Views
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

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