Hyduke Energy Services Inc. HYKCF

Energy

"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

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Hyduke Energy Services Inc. > Dead Dog

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Comment by Walshybxon Oct 18, 2018 3:58pm

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Post# 28830279

RE:RE:RE:Dead Dog

huh?? total liabilities of $18 million? Did you pull that number out of thin air? They have a $1.1 million operating line and $6.5 mill term loan against the real estate. No other debt. The real estate is valued at $13 million so there is $6.5 million of equity there. AR/ inventory on top of that. If these guys refinance the op line by end of month and announce any type of positive news with respect to further reduction in costs, new revenue sources, this is a 5x from this level.

albertan33 wrote: Hers is my take:

Property Plant Equipment Real Value = 8 million

Recievables more likely = 3.0 million (they messed up a big job and arent getting paid for it)

Inventory = 2.6 million (50% discount, probably missing stuff and your not going to be able to liquidate it at book value)

Total Assets = 14.6 million

Total Liabilities = 18.0 million

Book value to me looks like negative 3.4 million and as well they havent been able to make a profit.

Definitely a gamble putting money on this compnay, I think the casino would be better odds though.