RE:RE:RE:RE:Guess what just happened ... COO Ulakovic resignsHow do you make money the last 12 months in this space when the majority of your revenue is tied to the E&Ps spending? E&Ps simply were not opening their wallets. Diversification for questor is a no brainer, unless you like these big ups and downs in share price. They are going to recover, we are at the bottom. I have been a bottom feeder my whole life mainly in the commodity space so I have the stomach for it. They weathered the storm with a strong balance sheet and revenue will be trending up from here for sure. You have to get your timing right when investing in a commodity type business and I believe this is a opportune time. I own 4 tenths of one percent of the company which is a decent investment for me compared to my investable funds , so I am betting on the name not just talking. The COO was slow in the ramp up process IMO and you really see Audrey stepping it up as of late, I loved the 1 hour presentation she made about a month ago and the 4.5m dollars came around that time. She made a few more videos and appearances in the papers as well. I hope she keeps on being active because this is the time to do it, E&Ps are flush with cash and global warming is all over social media and the tube.
This cycle in the energy space was different than the past. energy service isn't doing nearly as well as the E&Ps. In past energy booms it was the energy service firms that did well and generated free cash flow... ending the cycle with very strong balance sheets. This cycle it appears the shoe has been placed on the other foot with the E&Ps generating all the free cash flow and the energy service firms breaking even...in some instances still reporting losses and living off depreciation (DWSN is an example) . It will be interesting if the E&Ps can maintain discipline, time will tell! $5 natural gas must be tempting if not 70+ oil!!! Also drilled but uncompleted wells have declined so I suspect the rig count will continue to gradually improve which will be good for questor. world leaders leading the way with regulations will be the biggest positive for this name.