Lost big time in NESV too, but don't blame Management, blame the industry which was manipulated to dive 700%. Even the big boys are feeling the pinch of low prices.
Started getting out of all oil stocks I owned mid last year when everyone was wrong about how long the slump would last. I heard six months tops, but that was wrong, then I heard nine months, nope! That's when I knew it was time to bail!
And were not through, Schlumberger just announce cutting 200k plus jobs just this past week, this industry is in the toilet! And will be there for some time.
There is no way in he...ll NESV was going to survive with the debt load brought on when they acquired JD Field Service. I knew this ship was sinking and fast!
