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Gold/Mining/Energy : Shale Natural Gas, Oil and NGLs and ESA
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From: jrhana10/4/2012 9:15:11 PM
1 Recommendation  Read Replies (1) of 6160
 
And thank you Glenn for keeping the thread alive. For some reason I was having trouble getting on to SI.

I would just like to say that it is certainly more than possible that ESA has found its bottom.

I am still perplexed by the fact that Ed Burns let overhead get so out of hand.

From what I understand there will be sort of two pronged attack on getting ESA back to profitablity

1) drastically cut out all unnecessary and wasteful overhead

2) do not make lowball bids on difficult jobs at prices that could not be profitable even if everything goes well.

And as there is a huge demand for ESA's services and as they still have a highly skilled workforce, the future could well prove to be very lucratlive.

I do believe these prices will prove to have been a Godsend for the astute investor/speculator.

With the porviso of course that I have made many a similar sounding post at significantly higher prices <g/ng>
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