a few minutes? days? months? qtrs? Current drop is a buying opportunity. This company, GASFRAC is seriously profitable and is in what I think is a type of trough because of poor media coverage that has yet to realize what others in the industry know and that is that their gas fracking technology is an environmentally safe and the most efficient process for gas extraction out of shale and well extraction. With zero contamination and close to 100% extraction of all gas that is used to hydraulicly lift the oil and gas from the well, demand has been nothing short of huge and beyond GSFVF resources to simultaneously handle, welcome to backlog of jobs and a future of earnings guaranteed... At current prices an excellent profit can be attained if you have an eye on the future and an appreciation for a buying opportunity...accumulate...jmho.
CALGARY, ALBERTA--(Marketwire - May 9, 2011) - GASFRAC Energy Services Inc. (TSX VENTURE:GFS - News)
Dwight Loree, Chief Executive Officer commented "Revenue for the quarter increased 91% to $30.5 million from $15.9 million in 2010. However, this revenue was below our expectations due to capacity constraints resulting from a well site incident on January 14, 2011 which resulted in us suspending operations for a three week period. Subsequently we also added several data collection and monitoring systems to our operating procedures to enhance safety. This additional data monitoring capability exceeded the bandwidth of the data vans as currently configured resulting in an additional short-term constraint on revenue capacity which has now been alleviated. The net result of the shutdown and bandwidth limitation was to reduce the Company's effective revenue generation capacity during the quarter to 60% of that originally planned. With the added equipment from our capital build now coming on line, I expect revenue capacity to significantly increase in for the second half of the year."
Well, I guess that there are still a lot of people sharing your point of view. The stock is rebounding solidly as I write this. I am not listening to the CC, but I suppose that management is reassuring everybody.