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Nuverra Environmental Solutions, Inc. Message Board

  • ex_gs_guy ex_gs_guy Dec 23, 2013 12:55 PM Flag

    I predict NES will be bankrupt within 5 years

    I am serious. If this gets back to $20, I'd be shorting it.
    Once Mr. Heckmann left, that was the signal to get out.
    So sad.

    Sentiment: Strong Sell

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    • If you are wrong in your prediction, will you promise never to grace your opinions, on this message board?Who appointed you as an oracle of all truth?

    • I would respectfully disagree. I think the company is not in good shape but also not in dire straights. From my knowledge Heckman is focused on business development: IE acquisitions.

      Once TFI sells for however much, they will pay down debt, which will make the company less restrictive. Once Johnsrud puts keep people in place and starts really running the company, I think the company gets profitable in 2/3 quarters. Once the stock price gets higher, they will do a secondary once the business is on the right path and pay down debt and do more acquisitions.

      I really think this has the ability to be a great turn around story. If Heckman sells, then I would be worried but Johnsrud has 55% of the company and that is significant money. They are in process of hiriing managers to execute the business.

      I could be wrong but I'm curious to see next quarter financials.

    • Mr. Heckmann is the chairman of the board of NES, and therefore he did not leave the company and is very much apart of it.
      The board is one which works closely with the Chief Executive Officer (the "CEO") of the company to give not only support and direction to him or her, but one which also challenges the CEO to make sure that s/he leads the company in accordance with the company's plans. Many boards are "puppet" boards and often play along with the CEO and management. These are useless. The board should be the pillar which holds the company up. The board is responsible for the success or failure of the company. Furthermore, it is the soul and conscience of the enterprise. If management is not doing its job that is because the board is not doing its job in the first instance. The mandate of the CEO, guided by an active board, is to drive the value of the company.
      Moreover, NES welcomes oil industry veteran R.D. “Dan” Nelson to the Company’s Board of Directors. The appointment was previously announced as part of the Company’s fiscal 2013 third-quarter report.
      “Dan brings tremendous experience that reflects the full spectrum of the petroleum industry, including production and refining, liquefied natural gas development, project management, and supply and trading,” said Chief Executive Officer Mark D. Johnsrud. “We are extremely fortunate to welcome him to Nuverra and look forward to the added vision and guidance he will bring to the Board.”

      Sentiment: Strong Buy

    • More like 5 quarters. No way they survive for five years.

    • Mr. Heckmann did not leave. In addition, I feel you need more to back up that kind of thesis other than saying Mr. Heckmann left- which in fact, he did not such thing.

      Sentiment: Strong Buy

      • 1 Reply to cadi_sage
      • are you stupid boy? he most definitely did leave. he's keeping the chairman role so he can collect 500k and rent his planes to the company. but who cares whether he left or not. his workhorse and partner, chuck gordon, left. that's more important. heckmann didn't do anything but screw things up. gordon was the hard worker who cleaned up his messes. and now gordon is gone. what does that say about the companies future?

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