Perhaps it's an expectation of slower first quarter growth rate due to the fire, limited equipment and, therefore, less fracking than had been expected. If so, it may be an opportunity for investors to add.
Investors from outside the immediate market area where Gasfrac conducts their business, can only rely on press releases and such to keep them informed. Those of us that are closer to the situation may not be as confident as all the number crunchers out there. There is a definite atmosphere of uncertainly hanging over Gasfrac due to accidents in the recent months. Until the OH+S publish the results of the last incident, there are definitely some locals that may have lost faith in them for now. I happen to be one of those. I may or may not jump back in. As great an idea that it seems to pump propane on fracs, it remains the most volatile liquid to pump. There are some people that refuse to participate in the process. Whether it is consultants or service companies. It I s hard to have faith in an investment when you have to sleep with one eye open waiting for the next incident, IMO
Hard to call it a selloff. Go to Yahoo finance and look at how low GasFrac's daily volume has been this week. The stock price went down because buyers weren't there not because sellers were getting out. We've already seen the effect of the bad news. Still, you have to wonder if Haliburton and Chevron are keeping their hands clean and using GasFrac as the canary in the coal mine. GasFracs best assets - to be protected above all others - are it's employees and safety record. I'm in for the long haul.