GASFRAC Energy Services Inc. GSFVF

Raymond James

[Impulse77]

From Raymond James


"Our estimated range of residual equity value is $0.40 to $0.60 per share. This is based on admittedly imperfect and dated information concerning GFS’s equipment fleet. We are effectively ascribing a 30% discount to replacement cost for our estimates of major conventional equipment classes such as fracturing pump trucks, nitrogen pumpers, chem vans, data vans, high-pressure connections, iron trucks and land. For the purposes of this assessment, we ascribe less than $5 mln for LPG- specific hauling, handling and blending capacity and zero for the LPG fracturing technology. "

I thought scotia report had this ad this as well but I was mistaken. If you want full report inbox me your email, no idea on how to post it on here. hope the Utica results are good!