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Bullboard - Stock Discussion Forum Enservco Corp ENSV

Enservco Corporation provides a range of oilfield services through its various operating subsidiaries, including hot oiling, acidizing, frac water heating, and related services in domestic oil and gas basins across the United States. Its segments include Production Services, and Completion and Other Services. The Production Services segment utilizes a fleet of hot oiling trucks and acidizing... see more

OTCQB:ENSV - Post Discussion

Enservco Corp > The is a Seeking Alpha article on Enservco ENSV, 300%Traded
View:
Post by Geodan2 on Jan 30, 2021 5:42pm

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

The 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.

Comment by Geodan2 on Feb 04, 2021 11:47am
Wow did this happen as predicted, went over $3 in morning
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