Replies to post #71 on Emerge Energy Services (fka EMESQ)

[Timothy Smith]

EMES announced an amended credit facility agreement last week which allows covenant relief through June 2017, and the firm now sees limited downside to the stock, given that the partnership's banking group allows EMES to operate through the current environment.

However, the amended credit agreement restricts the ability to pay distributions and borrow capital, and requires the partnership to drive quarterly EBITDA growth through March 2018; starting from Q4 2015, EMES needs to generate $2M in EBITDA.