RE:broke support @ 60c
Carlos/Eudora/all....not so much an ESN story but rather a sub sector issue. ESN is being grouped with the high debt-darlings like PD, TDG, WRG and ESI. Retail continues to puke out ESN, along with the rest.
High Arctic CEO resigning today is probably not a good sign for those looking for more m+a BUT we continue to think that Q2 for ESN will be revenues north of 30M and EBITDA of 2-3M. Rig locator shows 248 rigs working as of today which crushed what we saw in 2015+2016 ..not back to 2014 levels but going right direction.