RE:RE:Mr Garnet K. AmundsonBizarre posts. ESN entered the downturn with a stronger balance sheet than most other service companies, and has manitained a much better balanace between cost-cutting and maintaining the physical and human capacity to take advantage of the eventual upturn than almost any other oilfield service name. The recent proactive equity raise is just further indication that the company is in it "for the long haul", and that it has a plan. The ESN erxecutive has taken some of the largest rollbacks in salary within the group, and have continued to invest in their strong position in coiled tubing (the delivery method of choice for multi-stage fraccing). The market value of the company is much lower than the replacement value of the coil fleet, meaning you get a service rig and tool business for free. If you believe that there will be a recovery in oilfield services, I can't think of many more compelling small cap names than this one IMHO.