Search This Blog

Thursday, March 14, 2013

Update -- the Gasfrac Conference Call

Following yesterday's earnings report, GasFrac held its conference call this morning.  The big news that came out of the call is that Gasfrac is no longer working with eCorp on establishing fracking with lpg in Europe.  (h/t to Fastcarken for getting that info.)  Everything else that was said just confirms that things seem once again to be under control by management at Gasfrac.  Those nasty surprises of last year seem well behind the company.  I again congratulate the new management for restoring order from the chaos of last year.

The issue moving forward for GasFrac remains achieving sufficient volume to reach profitability on a consistent basis.  At the moment, it seems that the company is close to achieving this goal, although it probably will still be a few more quarters before we can see the results.

I continue to rate the stock a hold.  We will need to see who the board choose to lead the company as the CEO before we can make a reasonable conclusion as to the chance for future success.

DISCLOSURE:  I remain long GasFrac stock.



 

No comments: