Superior Well Services, Inc. (NASDAQ:SWSI)

CAPS Rating: 3 out of 5

An oilfield services company. The Company provides a range of wellsite solutions to oil and natural gas companies, primarily technical pumping services and down-hole surveying services.

Recs

0
Player Avatar whymelord69 (< 20) Submitted: 9/11/2009 4:31:47 PM : Underperform Start Price: $10.37 SWSI Score: -85.44

What is everyone buying here? Please tell me I don't see it. Leveraged to shale natural gas which will not likely recover until sometime next year (at best). CEO in webcast says that will likely default loan conenants later this year.
Losing money according to last two quarters at rates it cannot substain. Operates in a shrinking market with an oversupply of equipment.
Has very little operating cash in the bank and doubtful at best lines of credit...So someone tell me what underlying value I have missed. I sure would like to see that light everyone else must be seeing to double the stock since a very bleak last quarter announcement and comments by the CEO.

Featured Broker Partners


Advertisement