BGFT - Emerge Energy's Sell-Off Was Overdone Shares Are A Buy
When Covia Holdings (CVIA) reported delays in construction of their regional sand mine in Texas, the stock didn’t plummet nearly 20% like Emerge Energy's (EMES) did on its last earnings announcement. Halliburton (HAL), however, cited takeaway issues as delaying completions activity, and saw its stock drop precipitously in similar fashion; so, maybe the delayed completions activity bear argument holds some weight.
Except, why do investors feel that delayed construction and completions activity are a bad thing for services companies like Emerge? Sure, even better earnings get delayed a quarter