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Forbes Energy Services Ltd FLSS

Forbes Energy Services Ltd. is an independent oilfield services contractor. The Company provides a range of well site services to oil and natural gas drilling and producing companies. It operates through three segments. The well servicing segment utilizes a fleet of well servicing rigs, which is comprised of workover rigs, swabbing rigs, and other related assets and equipment. The coiled tubing segment utilizes its fleet of coiled tubing units to provide a range of services accomplishing a variety of goals including horizontal completions, well bore clean-outs and maintenance, nitrogen services, thru-tubing services, formation stimulation using acid and other chemicals, and other pre- and post-hydraulic fracturing well preparation services. The fluid logistics segment utilizes a fleet of fluid transport trucks and related assets, including specialized vacuum, high-pressure pump and tank trucks, frac tanks, water wells, salt-water disposal wells and facilities, and related equipment.


GREY:FLSS - Post by User

Bullboard Posts
Comment by Scotch12on Mar 31, 2012 6:03pm
388 Views
Post# 19743900

RE: Results

RE: Results

The results looked good to me also. I think the issue that is holding this stock back is the market's concern about the amount of debt they took on. One of the rating agency's upgraded Forbes debt on Friday. I hope the company can explain, at the conference call, how they are going to improve their balance sheet.

Bullboard Posts