RE:Asked the company for a presentationI don't think its company specific, but look at oil it's at $120/bbl right now that could be the reason. Also, Canadian rig count jumped 21 to 134, so things are picking back up quite quickly after Spring Break Up, which is supposed to be the slowest quarter.
The Wilks brothers also IPO their fracking company a month ago at $18 and already trading at $22. They own a large percentage of Cathedral Energy. I remember back the Wilks were trying to aquire Canadian oilfield services companies, but don't think they've acquired any yet. Someone on here in the couple previous post mentioned they think Wilks will acquire Cathedral, I think that could always be a possibility. It seems like they're trying to build their old fracking company back up, which they sold for billions of dollars in 2011.