Oil dropping below $50 will take this stock down. Baker Hughes rig count is actually less than when this stock was 1.97. Trading this stock on oil prices is dumb because frackers have moved to cheap Texas sand to save money regardless of where oil goes. If oil goes up buy oil producers. EMES ain't make more money now than when oil was 26-producers are.
Stock was at 11.60 when I wrote this. I rest my case. Almost half the float was dumped today to buyers who know less about this stock than the sellers. Baker Hughes rig count goes up by a few. Big deal. If oil dips below 50 stock will be under 10 again. EMES makes great sand but with oil under 100 everyone wants cheap sand.