STW Resources Holding Corp. (fka STWSQ)

[BBP1990]

Interesting read. Water Managers Not Concerned

Key quotes:

"Lubbock’s main groundwater sources — Lake Alan Henry and Lake Meredith — are nearly at their highest levels in recent years and water resource experts have a positive outlook for the area’s water supply going into the warmer months of 2016, with no increases to water restrictions anticipated"

"“We’re in better shape than we’ve been in several years,” said Kent Satterwhite, general manager for the Canadian River Municipal Water Authority."

"That may not sound like a lot, but that’s the fullest it’s been in nearly a decade, and water keeps flowing into the Panhandle lake, Satterwhite said."

" Lubbock’s other major source of surface water, Lake Alan Henry, was nearly 94 percent full"

Also, did some research on the water supply of the Permian Basin, closer to STW's key operations. Current aggregate water supply is at 20.3% capacity, a level not seen in 6 years. Average over the last 20 years has been 25%. Not nearly as dire of a situation as when STW was born in 2011 and 2012 when it dropped to ~5%.

Coupled with the decimation of the energy industry, the rebound in water levels and absolutely -$0- cash to fund projects, STW is carving its path to insolvency. Not sure how anyone can argue this is undervalued. Would love to hear some supporting facts.