Nuverra: On the Cusp of a Rebound?
After yet another disappointing earnings report for Nuverra Environmental Solutions (NYSE: NES ), investors need to remain focused on the long-term picture. Sure the company announced plans for a reverse split, and reduced EBITDA brings debt covenants into question, but investors always need to keep cool and research all the facts.
You can't deny that Nuverra has been a serial disappointer, on the path to becoming a complete environmental solutions provider to customers in the energy and industrial end-markets. The promise of providing environmental solutions for the dangerous materials produced by hydraulic fracturing once provided enormous potential.
Read the full article here.
Disclosure: Long NES. Please review the disclaimer page for more details.