SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Microcap Kitchen Canadian Stocks
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Dick Martin7/16/2022 1:34:05 AM
   of 49402
 
DVG.v Divergent Energy Services
divergentenergyservices.com
The company is becoming profitable, and has a current ratio of 1.54, 33.00mm shares outstanding
Update July 14, 2022
The Company continues to experience quarter on quarter activity growth, with clients within our service
region demonstrating a renewed urgency in returning wells to production in response to the prolonged
increase in oil and gas prices. The Company’s largest client has indicated that it intends to continue its
workover program for the next 12 months at a pace which may exceed recent quarters. In addition to the
growing demand from its existing customer base, the Company continues to draw sales from new customers
within our service region.
These factors have resulted in second quarter activity being marginally higher than the first quarter activity
of 2022, and one-third higher than the second quarter activity of the previous year. The Company is currently
working at maximum capacity and is actively expanding its workforce and equipment fleet to meet the
increased demand.
The positive commodity pricing trends the industry is currently experiencing is in part caused by a structural
shortfall in supply, which will be difficult for the industry to overcome in the near term. As a result, the
demand for energy services continues to increase and the ability for the sector to improve over the next few
years is seen as highly likely.
-----------End-----------
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News