Nuverra Environmental Solutions Inc. (fka NESCQ)

[NAARS]

Fears of an imminent NES bankruptcy are ridiculous.
The company has a credit facility of $325M of which it has only drawn $115M and has paid down by $15 each of the last 2 quarters. It has total liquidity of $80M and generates free cash flow every quarter. It is currently in the process of selling TFI for around $140M and will use the proceeds to pay down the credit facility to zero and add about $25M to $30M to its cash position. Strange how people sell first and figure out the facts later. I do appreciate what the shorts have done because it has allowed me to pick up 20,000 shares at an average of $1.43