National Energy Services Inc. (fka NESV)

[stocksmarter]

NESV is a good Company don't get my rantings wrong, I believe they had a great business model. But Oil and Gas is in big trouble and all in the space right now are bleeding red ink!

No doubt good lending sources have dried up for them as well, even sources for buying other companies! I'll bet they lost the funding for the one that was commented on in the last Press, who would lend to distressed companies, which almost all are right now, if they have not gone out of business already that is! Without funding, there goes their business plan out the window!

I frankly was surprised when the New Year passed and we didn't hear that they were done with as much red we saw in the last Q. They can't last long with as much debt JD Field Services is carrying, have to be operating on life support!

Stick a fork in this one! My opinion obviously but if I were to advise new investors in here, I would tell them to run for the hills, and fast!