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Enservco Corp ENSV

Enservco Corporation, through its wholly owned subsidiaries, provides various services to the domestic onshore oil and natural gas industry and the broader energy sector. Its segments include Production Services and Logistics Services. The Production Services segment utilizes a fleet of hot oiling trucks and acidizing units to provide maintenance services to the domestic oil and gas industry. These services include hot oiling services and acidizing services. Hot oil is utilized by customers to remove paraffins from wellbores, pipes and vessels. Acidizing services are utilized by customers to clean reservoir surfaces and increase flow rates. Production services are provided through the Company's operations in Texas and neighboring states. The Logistics Services segment focuses on hot shot trucking (specialized transportation within the oil, gas and broader energy sector), dedicated freight services, and less-than-truckload (LTL) services within the oil, gas and broader energy sector.


PINL:ENSV - Post by User

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Post by Geodan2on Jan 30, 2021 5:42pm
170 Views
Post# 32429492

The is a Seeking Alpha article on Enservco ENSV, 300%Traded

The is a Seeking Alpha article on Enservco ENSV, 300%TradedThe article revolves around ENSV trading 3 times more volume in one day than all the stock. It was an epic short squeeze and it ended up 38%. That was Thursday it has fallen back all the way after the squeeze.

Why Enservco Is A Better Short Squeeze Than GameStop

https://seekingalpha.com/instablog/535947-darp-research/5548999-why-enservco-is-better-short-squeeze-gamestop



Source: TradingView

Conclusion: 

On a value basis Enservco (ENSV) is worth more than the $10 million market cap it has. It has been around for 39 years and has been down to the $2-4 range 9 times in those 39 years. It has also been to $40 seven times is those 40 years, and once to $117, which is a 60 bagger a rarity for any stock. Going to $5 or $10 in an oil upcycle is totally reasonable, ignoring the short squeeze potential, as it has so frequently cycled between "in favor" and "out of favor". It it is a real company with a CEO who is on side of investors as he is the biggest investor in it.

However there is another factor, the volume on Tuesday and prior short squeezes of Enservco, its very expensive short interest rate to lend, being there are only about 15,000 shares left to short and the indications it is heavily naked shorted indicate it is very vulnerable to a huge short squeeze. Who has been squeezing it? Have no idea. But if the investors in ENSV only sell 10-20% on the days the stock is up 25-50% on a squeeze it would seem a super squeeze would take place and it could reach its $5-10 target in days or even hours.


Source: TradingView

Conclusion: 

On a value basis Enservco (ENSV) is worth more than the $10 million market cap it has. It has been around for 39 years and has been down to the $2-4 range 9 times in those 39 years. It has also been to $40 seven times is those 40 years, and once to $117, which is a 60 bagger a rarity for any stock. Going to $5 or $10 in an oil upcycle is totally reasonable, ignoring the short squeeze potential, as it has so frequently cycled between "in favor" and "out of favor". It it is a real company with a CEO who is on side of investors as he is the biggest investor in it.

However there is another factor, the volume on Tuesday and prior short squeezes of Enservco, its very expensive short interest rate to lend, being there are only about 15,000 shares left to short and the indications it is heavily naked shorted indicate it is very vulnerable to a huge short squeeze. Who has been squeezing it? Have no idea. But if the investors in ENSV only sell 10-20% on the days the stock is up 25-50% on a squeeze it would seem a super squeeze would take place and it could reach its $5-10 target in days or even hours.

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