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Hyduke Energy Services Inc. HYKCF

"Hyduke Energy Services Inc is an integrated oilfield services company engaged in the manufacture, repair and distribution of oilfield equipment. The company operates in three segments, Manufacturing and Fabrication segment that designs, manufactures, refurbishes and repairs land-based drilling rigs, well servicing rig, drilling support equipment, workover support equipment, storage tanks, custom steel fabrication and custom machining; Supply and Service segment that includes the procurement and


GREY:HYKCF - Post by User

Bullboard Posts
Comment by valueplaysonlyon Feb 28, 2014 7:09am
227 Views
Post# 22262478

RE:Doing It Right

RE:Doing It RightR u  on  crack?  Hyduke   is too  small to compete  in the States.  Their   manufacturing  plant there is a white  elephant,   an empty parking lot  with no sales.  Gord left before  earnings,  earnings  are late to   report    by  2 weeks already.   Theearnings will  be brutal.  All  division  heads  are leaving too.  The  new Board has done  nothing,  fancy credentials of Board Members   wont save this dead horse.  Too  long  spent on low margin  business by a  pig  headed  CEO  who  never veered into  other profitalbe segments. Enterprise   (  E)    has same sales of HYD with  15 times the market  cap.  Why?  Because they raised money with PP  to  buy high margin companies and integrated  them  while this  piss head  gord   sat on a vault of cash and lost it trying to  manufacture against low wage low regulation   countries.  He had no  vision  and the Board saw that and   fired him  .  Now  with no  CEO  and no  vision and late to  the party   they   will flounder   just like CEZ and  TID
Bullboard Posts