GREY:EENZF - Post by User
Comment by
smallgainson Nov 19, 2012 8:12am
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Post# 20616274
RE: Tax loss selling
RE: Tax loss selling From ESN third quarter results Columbian results comments- - -
COLOMBIA
Essential services producing wells from its operating base in Barrancabermeja, Colombia. The Colombian operations were slightly cash flow negative during the quarter and revenue was below management expectations due to periods of inactivity largely related to the service rig operations. The Colombian operations continued to experience inconsistent activity. Essential is pursuing opportunities to stabilize activity and improve these operations. Management believes that there is significant demand for the services Essential provides and is continuing to pursue reliable work arrangements with a broader customer base.
Be braced for 50% or lower utilization rate - I hope not!!! but it's looking ugly for awhile- - Hope I'm wrong GLTA