Business is changing, they are focusing on water, buying leases and drilling wells.
This could have been a part of the change, and they may not have created a different job that is no longer called an operator. According to the press release last week they are adding profitable crews pretty fast.
I know they cut there work force pretty significantly, consolidated down to about 80, started making money in the gas oil area and are up to about 120. Added 8 crews according to the pr.
The big money will be in the water though, oil and gas prices will fluctuate and so will there profit on that side of the business.
Looking forward to the Q and more than that the CC.
I don't expect a huge change in rev's, I do expect to see margins improve.
Should see that the company is on more solid footing over all.
Would not expect they take questions and do a CC if they were not confident in there plan and moving forward.
They desperately need a good public contact person or firm.
Rough time for stock holders, pretty light selling, but no buying.
Will turn fast, but when??
