ELTZ - Dilution-ending play, news next week on ALL future notes being bought out. Cross trade just went through. Tweet from company:
Should be good from here, based on 5 million in 2017 revs from newly acquired Pirate Oilfield Services. 8 million projected for 2018
"Pirate Oilfield Services, Inc. is an oil and gas service company located in Midland, Texas . Pirate provides multiple services to oil and gas companies including roustabout services, equipment rental, welding services, and many others. Pirate had revenue of $6.5 mil for 2016 and will do approximately $5 mil in revenue for 2017 due to the reorganization and ramp up. New services in addition to the roustabout work will be vacuum truck rental, grubber clearing and site, pipeline and pit construction. This new work will be added through Pirate's existing MSA's (Master Service Agreements) with multiple companies such as Pioneer, Energen , Anadarko, Koch Industries , Parsley, Sandridge, McGuire and others. Pirate estimates its revenue could increase to over $8 million for 2018."
fa·ce·tious
- adjective
-- treating serious issues with deliberately inappropriate humor.
synonyms: flippant, glib, frivolous, ironic, sardonic, playful, sportive, teasing, mischievous
