Holding my breath on the earnings report today. We all know that it will be a bad 4th QTR. but hoping that forward guidance will be very encouraging (if they give any guidance at all) and hoping for some hint of improving margins.. Also hoping that we hear some good news on progress of TFI sale, that solid landfill is doing a booming business and that the H2O Forward partnership with HAL is doing great.. Some hint of a stock buyback might also help drive the shorts out...also hoping that recent stock price action indicates that there may be some good news today....I know that hope is not an investment strategy, but that's all that's left at this point.
BTW, the 20,000 plus customers headline is misleading. Most of those would be from the TFI used motor oil business unrelated to core business of fracking logistics.
News extract: "Hess plans to spend $2.85 billion on shale development, up from $2.7 billion last year. As part of the program, the company expects to bring 225 new Bakken wells online this year, up from 168 in 2013, and spend 21 percent more to develop wells in Ohio's Utica shale fields.
Drilling Bakken oil and natural gas wells has become more efficient, meaning Hess can afford to bring more wells online at the same cost, executives said."
I assume this is the customer that NES has been ramping up to support in 2014....Writing is on the wall-really bad 4th qtr with promise of better results in 2014....Question is can NES hang on until they become profitable?
I checked the VGR website for news release. Nothing new since 16 Jan when increased stake in Realty firm announced.
I don't see a MO buyout Perhaps they are selling or partnering with someone on their nicotine free tobacco or other reduced risk cigarette products......... Hope it keeps running. At one time this stock ran up to $34 (or was it $44) during development of their nicotine free cig....