FTSI Hits A Bottom, And No Relief In Sight
FTS International's (FTSI) high debt-to-equity ratio is a serious worry in the current energy market scenario. The pace of de-leveraging may not be sufficient to lessen the risks associated with a highly leveraged balance sheet. The stock price has reached a floor (currently trading at below $1) and received regulatory notice from the NYSE related to its continued listing standards. The company's recent measures, post the energy price crash, are indicative of the troubles the company is in.
After the company reduced its frac