GASFRAC Energy Services Inc. GSFVF

CEO quit

[Thanksforplaying]

Not a good sign.  I'm sure he was forced out after the last numbers came ou showing co is out of cash

[ac0001]

You forgot to mentionned " at the end of 2014". Plenty of time to find someone more competent! As his tenure isn't a stellar one with the high's of 14$/sh (2010) to a low of 1.30$/sh (2013). Can't wait until he leave's the floor; sooner the better! Let pay him to leave sooner, and get someone from Haliburton! Ac0001

[stockhiker]

You won't get someone from Haliburton to move to GPS. That comany tried this technology  decadea ago and abandoned it.   Another senior management change is no surprise. They have been arouund seven or eight years with declining revenue for the last 3 at least. Numbers say it all 

[onrown]

Extremely irresponsible to make statements that are so definitive stockhiker! The reason why Haliburton abandoned the process years ago is not because their was no inherit valve in facking with LPG.  They quite simply could only figure out how to Frac with no more than a "spearhead" of LPG, using only hole volume. GASFRAC are the ones that figured out the pressured blender system to

[stockhiker]

the point is that the bigs guys aren't interseted in the technology. no company is trying to get into this space after GFS 'figured it out' several years ago. the story is old.  a Haliburtun could buy them without blinking if they though a 'pressured blender system' had a large market. GFS has 3 years of declining revenues, bad financials and 3 years of losses on their

[indoubtgetout]

I say by the fall, four things will happen: 1) More board changes for the better. 2) Likely better sales 3) Tougher fracking rules, especially around water, will be introduced. 4) GFS gets bought out around $4. The fact that the current CEO is retiring is not new news. He was the best they could do after the last CEO disaster. The board had to take their time to select the best possible choice

[charbsey]

Indoubtgeout I cant agree anymore with you . its almost like your siting at the family diner table discussing gasfrac future ! But a buy out this soon ? if you owned a apartment building and you finish paying it off. would you put up a forsale sign ? course not ! start the money rollin ... I don't see a buy out

[Thanksforplaying]

That's a silly analogy.   Gfs hasn't paid their house off.  They have debt and no cash.   Their house is about to be foreclosed on

[ac0001]

You forgot that they have 100 million of equipment that are idle that they could sold off to pay down the debt. And they use it for keeping the bank dogs away! ac0001

[Thanksforplaying]

There are no fracing rules coming any time soon, especially with a liberal govt in bc and conservative in Ottawa.  That is wishful thinking.