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GASFRAC Energy Services, Inc. Message Board

  • darrenarchie darrenarchie Mar 19, 2012 2:06 PM Flag

    theres a reason.....

    for the stock trading at 6-7 bucks ....several key questions still remain unanswered....is the industry ready for a switch over to LP? is it safe? is the potential liability worth the potential production efficiency? is gsfrac in a position to withstand potential delays even if the industry favors this new method? does the new management team have the ability to market and capitalize?>>>>>> this is why we are at 7 bucks....my thought, nothing ventured - nothing gained. glt

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    • "...several key questions still remain unanswered....is the industry ready for a switch over to LP?"

      No, the industry is not able to change so quickly. Gasfrac is too busy working on its next 1500 wells to be worried about the whole industry.

      "is it safe?"

      Yes. It's the same stuff you have on your deck for the barbecue. There's a material data sheet for LPG. Gasfrac follows it, and then some.

      "is the potential liability worth the potential production efficiency? "

      Liability? This industry is in the flammable hydrocarbons-under-immense-pressure business already. Compared to that, this is not that new from a risk perspective.

      "is gsfrac in a position to withstand potential delays even if the industry favors this new method?"

      What delays? Gasfrac had done 1500 wells now, and is doing a lot to boost both production and efficiency. They are scaling all parts of the company upward as fast as possible to take advantage of the opportunity.

      "does the new management team have the ability to market and capitalize?>>>>>> this is why we are at 7 bucks....my thought, nothing ventured - nothing gained."

      The new management team delivered a year on year 44% increase in Q4 revenues. They include veterans from the oil patch in both the US and Canada, and they've set separate organizations in place to manage the separate needs of the two markets. We're at 7 bucks because speculators bid the price to 9 bucks and took profits. There's great price support in the market today, and my crystal ball says we're going back up from there.

    • Is the industry ready for the switch over- for as small as this switch needs to be, easy answer YES- converting to a more efficent technology is allways excepted and adopted by an industry. Time frame for that adoption is allways fuzzy. Saftey vs risk managment- Ill point to Husky contract as the best sign, they are the ones who experienced the "incident-ie fire" and they signed on for two sets-which makes me belive it was not GASFRAC's fault. other issues to be concerned about equipment delays, and the full utilization of all remaining sets. I think managment has the know how, but only time will tell. Short period of time till 1st qtr results. GLTA

 
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