Kind of strange not see any comments about the report.........
1. Under $30 million cash on the books at the end of the quarter.
2. Less cash now as a result of buybacks and operations.
3. Miniscule sales for the quarter.
AZZ also appears to have joined the ranks of the "well spacing dream crowd" trumpeting over 800 possible drill locations based on some ridiculous spacing metric.
With the amount of cash on the books and the projected NET income from wells in operation and projected to be in operation over the next six months they'll be lucky if they can drill more than 1 well a month with the income over the nest six months. maybe two a month if they run cash down to zero.
How in the world are they ever going to drill those 800 plus wells?
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