RE:RE:RE:9/1 tradingI doubt the patent holds up but I'd guess the liability could be $5-$10m as a best guess range, clearly not fatal.
High Arctic-HWO, Q1 call, then acting-CEO mentioned a desire to get into coiled tubing but he resigned in early July. Last conf call, the Chairman said he hoped crude stayed lower for longer so he could add cheap assets. My read is HWO's outed CEO may have been more keen to pay up for assets but the BOD put the kibosh on it.
We own sizable positions in ESN, CET and CWC, who is going through an auction process since early May.
auburn2 wrote:
What's the worst case outcome of that lawsuit? Insiders don't have impressive holdings here, but that seems to be the trend with most service companies. You had mentioned before a company that suggested they were interested in branching out into coil/coiled tubing. Which firm was that? As far as I can tell, CET seems the safest, most no-brainer pick in the sector, but this one has my curiosity as well.