fraccing started, god times ahead, page-23

Grandpapa you old pups

AZZ has macp af $250 ish mil. AUt has $140 ish.

The diff is AZZ has high interst,but big capex, AUT has lower interest, but free caried for 10 wells hence low capex.

Its revenue is after a capex recovery basishence you wont see revenue appear for a few monthsm but by god when it starts flowing it will flow hard and fast.

Both brilliant companies. AZZ higher risk but AUT = low risk lower return. Take your pick or hedge both. Personally i see more imminent growth in AUT, then i will switch some capital to AZZ once a few wells de risk it.

Each to there own