Is Nuverra Environmental Really That Bad?
The recent article against Nuverra Environmental (NES) used personal attacks to distract from the real results of the company. Claims that the well-respected former CEO made an acquisition to escape or that the company creates a "distorted reality" by making adjustments to financials is absurd.
The company is dedicated to the protection and enhancement of environmental solutions for the removal and disposal of restricted fluids primarily from shale drilling. As environmentalists fret over the safety of the fluids used in fracking, Nuverra was suppose to benefit from the need to safely dispose of the "dangerous" fluids.
Read the full article at Seeking Alpha.
Disclosure: Long NES and CJES. Please review the disclaimer page for more details