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Mammoth Energy Services Inc C.TUSK


Primary Symbol: TUSK

Mammoth Energy Services, Inc. is an integrated energy services company focused on providing products and services to enable the exploration and development of North American onshore unconventional oil and natural gas reserve. It is also engaged in the construction and repair of the electric grid for private utilities, public investor-owned utilities and co-operative utilities through its infrastructure services businesses. It operates through four segments. The Natural Sand Proppant services segment mines, processes and sells sand for use in hydraulic fracturing. The Well Completion services segment provides hydraulic fracturing, sand hauling and water transfer services. The Infrastructure services segment provides electric utility infrastructure services in the northeastern, southwestern, midwestern and western portions of the United States. The Drilling services segment provides rental equipment, such as mud motors and operational tools, for both vertical and horizontal drilling.


NDAQ:TUSK - Post by User

Post by givemeabreak1on Oct 15, 2020 11:49pm
140 Views
Post# 31726494

My bad I missed the Memo!

My bad I missed the Memo!I guess this whole financing thing will teach you to never assume!  So the original financing deal had 1 million in FT financing which is good cause they have to spend it on exploration not on management fees and stock promotion.  However, I noticed somthing peculiar so the final news release says over subscribed finacing that is usually a good thing.  Now the big thing that originally caught my eye was the sudden cheap price.  What I did not notice was the flow through component was suddenly only 200k????  Is that correct?  Did I read that right?
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