AI
Thursday, November 30, 2017 6:56:30 PM
$ALYE - Potential Short Term share price $1.85-$2.00
"Aly Energy Services, Inc. is an oilfield manufacturing, rental and services company driven by fast-growing horizontal drilling activity in the North American shale plays. Headquartered in Houston, we service a growing number of oil and gas companies in every major North American Shale Play, and are pursuing acquisition opportunities to broaden our services and regional reach.”
The following link provides the Basins nationwide they do business in. http://www.alyenergy.com/about
The company was started in mid 2012 and was SEC compliant by March of 2013. Between March of 2013 and September of 2017, the company has grown their asset base from $293k to well over $35 million with current liabilities at $8.9 million.
With 13.8 million shares currently outstanding as reported on November 29, 2017, this gives the company close to a $2 book value.
Their YOY revenues for nine months ending Sept. of 2017 have increased by just over 25% as reported at $11,179,000 with an eps. of .03.
Founder, Micki Hidayatallah, also founded Allis-Chalmers Energy Inc. (ACEI) in 2001. In 2008 ACEI was named by Fortune as the 3rd fastest growing company in the USA, ranking #1 in revenue growth. Mr. Hidayatallah later sold the company for $1.1 billion in 2011.
Mr. Hidayatallah, being in his mid 70’s, stepped down around May of this year. Shortly after the company became delinquent in their filings and the opportunity to enter at rock bottom prices opened.
Between September and October of this year and since the company appointed Mr. Shauvik Kundagrami as CEO, the company has again become current and SEC compliant.
Mr. Shauvik Kundagrami has been Chief Executive Officer at Aly Energy Services, Inc. since May 01, 2017 and serves as its Director.
Mr. Kundagrami also served as co-head of the energy group at RBC for the prior 10 years. https://www.rbccm.com/en/about-us/history.page
http://www.alyenergy.com
"Aly Energy Services, Inc. is an oilfield manufacturing, rental and services company driven by fast-growing horizontal drilling activity in the North American shale plays. Headquartered in Houston, we service a growing number of oil and gas companies in every major North American Shale Play, and are pursuing acquisition opportunities to broaden our services and regional reach.”
The following link provides the Basins nationwide they do business in. http://www.alyenergy.com/about
The company was started in mid 2012 and was SEC compliant by March of 2013. Between March of 2013 and September of 2017, the company has grown their asset base from $293k to well over $35 million with current liabilities at $8.9 million.
With 13.8 million shares currently outstanding as reported on November 29, 2017, this gives the company close to a $2 book value.
Their YOY revenues for nine months ending Sept. of 2017 have increased by just over 25% as reported at $11,179,000 with an eps. of .03.
Founder, Micki Hidayatallah, also founded Allis-Chalmers Energy Inc. (ACEI) in 2001. In 2008 ACEI was named by Fortune as the 3rd fastest growing company in the USA, ranking #1 in revenue growth. Mr. Hidayatallah later sold the company for $1.1 billion in 2011.
Mr. Hidayatallah, being in his mid 70’s, stepped down around May of this year. Shortly after the company became delinquent in their filings and the opportunity to enter at rock bottom prices opened.
Between September and October of this year and since the company appointed Mr. Shauvik Kundagrami as CEO, the company has again become current and SEC compliant.
Mr. Shauvik Kundagrami has been Chief Executive Officer at Aly Energy Services, Inc. since May 01, 2017 and serves as its Director.
Mr. Kundagrami also served as co-head of the energy group at RBC for the prior 10 years. https://www.rbccm.com/en/about-us/history.page
http://www.alyenergy.com
I'm a non-professional individual investor who may own, not own, buy, or sell stock at any given time in any security ever mentioned in posts. I never accept compensation in any form to post. Always consult an investment professional when investing.
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