Post by
Goldenhawk78 on May 09, 2016 9:25pm
Cautious Optimism
THe fact they hae put a special committee together to try and understsand future strategy is key - for the last 2 years mgmt has been kicking the can downing the lane hoping oil prices would rebound and that would result in more business. Is the technology good, yes, is the mgmt team smart yes, is this a situation of having a good technology in a bad market absoloutley. Not sure what the options are but the best one involves finding a strategic partner that can help fund them till an oil price recovery can get them back on track or somehow slowng operations to a crawl cost wise with extreme cost cutting measures and lay offs until the recovery.... could go either way but right now with Fort Mac in a tough spot, spot oil hanging below $50 and comapnies cutting themselves as lean as can be this service can only be viewed from the lense of future value
Comment by
10bagger on May 27, 2016 11:55am
techscrotum go find a hobby.
Comment by
10bagger on Jun 01, 2016 12:57pm
techscrotum and redmantx, get a room.