written by reader Canyon Services (CYSVF)

By mercer33, September 30, 2011

Any fundamental reason for the drop in price from $12 to $9 ?

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

Share your thoughts...

1 Comment threads
0 Thread replies
Most reacted comment
Hottest comment thread
1 Comment authors
Travis Johnson, Stock Gumshoe Recent comment authors

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Travis Johnson, Stock Gumshoe

I own the shares and I think there are two reasons for decline: worse than expected second quarter due to wet weather (not just them, everyone had problems in W. Canada with wet weather that delayed jobs during the snowmelt); and falling oil prices that almost always take down oil services stocks. I have no intention of selling and might buy more if prices remain this low — there does not seem to be any shortage of demand for high-capacity fracking equipment/crews in W. Canada, they just couldn’t work in the muck, which means utilization should be very high in… Read More »

Add a Topic
Add a Topic
Add a Topic