Step got acquired at $5Yes Nothingmatters,
I keep track of volumes of every of my position (All exchanges).
ESI is a small position for me but what i find impressive, is the volume traded over the past
15 trading days.
The volume was 10,374,800 shares.
ESI float is just shy of 100,000,000
So 10% of the float as traded in only 15 trading days.
Some investors are noticing what is happening in term of drilling activity in the CDN patch.
PD said that they were fully booked for Q4 and 2025.
O&G services sector is the place to be.This sector as gone from huge head wind
to huge tail wind in Canada.
It is only starting to be recognized.Investors are probably looking at the price of WTI
and thinking that the activity will be low.
The investors who will benefit are the one who do their homeworks and realize what is currently
happening in Canada with LNG and new pipeline addition.