PetroQuest Energy: Small Cap Show Stopper
We like small cap stocks over here at TKO and found one worth watching. PetroQuest has definite potential in the long run, and the management is working hard to get them there. According to Isac Simon, they have potential to be the best, and here is why.
With regards to operations, total production for the company fell 9% in 2010 as compared to 2009. Natural gas production fell by 13% during the same period. Reduced capital spending in 2009 and declining production in Gulf Coast assets contributed to this fall. While this is not exactly a great thing, management was desperate to pay off debts.
Debt-to-equity currently stands at 71.5% — a significant drop from 152.7% two years ago. The 2008 economic downturn forced management to focus on strengthening the balance sheet and increasing liquidity."
Find additioanl research here: http://turnkeyoil.com/2011/08/02/petroquest-energy-small-cap-show-stopper/