LMAO Energy as a stand alone has been the only profitable endeavor. Reviewing segment financial reporting reveals water is a loser, and the more revenue the more loss. Let's wait and see how bad the 10K is, but IMO it's not going to be pretty. The only crutch they have, energy services should be way down, or else they are defying gravity. We saw what happened in 3Q15 with the big "ramp up" in water revenue, we saw a big "ramp up" in water losses.
Fundamentals just aren't there. Water demand, arguably should be up, but again not at prominent as it was two years ago, energy construction has to be plummeting, and again, the biggest problem for STW, cash, is running out. Management is pulling executive compensation in line with comparable companies with revenue exceeding $500m/year and giving the shareholders nothing. These flips of $0.05 up and down is nothing more than trading activity and as MFJ quoted, playing chicken.
