Common Stock (EM) (KEGX)

That’s funny JP!

When do you expect this "run" as you say?

And where will the revs come from a run? Rig tools?

All oil related stocks are in a hard uptrend for the scarsity of commodities due to war. I' m expecting a big run also from KEGX

Hi man ! I' m from Italy and wanna ask You if You are able to verify if this company is operational. Because with this prices for oil and gas all the sector is headed for maxi earning season. Service companies are full of work in order to face the reduced supply from east of Europe.

Please let me know and share Your opnion. Thanks !!

What's going on with this ticker? As far as I can tell, this is a fully operational company that's behind on filing, but it doesn't look like it trades at all? It drops into the 000's for some reason, but nothing significant gets traded, then it bounces back up and moves around between $1 and $5 - again, with no significant trading. I've never seen anything like it - is it defunct or something? I wouldn't even know where to put a bid in if I wanted to get in…

With the oil sector fully recovered this is the only company whose potential is unexpressed. IMHO

Just released update, good news for this super undervalued company

https://www.globenewswire.com/news-release/2021/06/14/2246825/0/en/Key-Energy-Services-Provides-Financial-and-Operational-Update.html

With economy in strong recovery this service company has upside potential. IMHO

We are finally on the way to recover from an absurd low price.
I hope this run will continue during the weeks ahead. IMHO

Anyone else get a warrant expiration notice? Here is what I got. I'm confused about the Cashless Exercise option.

Re: Wts Key Energy Svcs Inc
Cusip# 49309J111
Please call the E*TRADE Corp Actions Team 1-800-ETRADE1 Monday-Friday 8 am-6 pm Est. by cut off 12/11/2020 to submit your instruction.
OPT 01: Exercise
OPT 02 Cashless exercise
50 warrants = one (1) share of new Key Energy common stock (cusip 49309J202) at $2,175.73 per share.
Exercise instructions are to be submitted in multiples of 50 warrants.
Funds must be available in account.
These warrants may be exercised on a cashless "net share settlement" basis.
The cashless exercise is determined utilizing a formula based on the fair market value of the common stock on instruction date. If the formula results in a negative figure, the instruction will be rejected.
Holders are urged to refer to the warrant agreement dated December 15,2016 and the Key Energy Services, Inc. Officer's certificate dated February 27, 2020.
Response after cut off is best effort.

NEWS OUT !!! On May 13, 2020, Key Energy Services, Inc., a Delaware corporation (the “Company”) announced its results for the quarter ended March 31, 2020.


Dodson continued, “We began to feel the impact of the fall in oil prices in March as many of our customers began to reduce activity and to seek reduced pricing for our services. March rig hours, which typically improve 10% to 15% over the first two months of the quarter, were flat, leading to an overall decline in rig hours in the first quarter of 2020 of 11.7% as compared to the fourth quarter of 2019

This was to be expected... and more ..

“Today, we have limited visibility into when our customers will resume their production maintenance activities, but believe that as oil supply adjusts to demand and our customers begin to bring wells back on line, we will see some recovery in activity as maintenance work is resumed to stem further production declines. Additionally, we are ready to assist our customers if additional work is required to repair wells and artificial lift systems as a result of the wells being shut in.”

There you got the selling, volume after 1,5 hours already double of yesterday. With this thin volumes...

No clue where it will bottom, technical analysis is unpredictable...
Mainly they still are in big losses of operating losses/income

Pressure on stock now, selling pressure coming up....

For the moment good buying volume..

But now spread is not good, downside :
5.62 / 6.77 (1 x 1)

Yesterday had a buying volume but still down 4% :-O

Bid spread between bid and ask.

Today lower again at $4,80 ( less down, stabilizing )

Was the report coming out tomorrow 30 april? I did I misread it somewhere?

Big sell off...

So today is anyway ( till now ) profit taking...

Let's see how far it goes, the disavantage of small float is also faster down and of course the oil doesn't help ( going -20% or more )

Thanks for the info...

But not sure it will continues next week, downward pressure coming because of profit taking and with low float....

Looks like the 1-50 RS on KEGX worked out nicely. Stock up about 80% from b4 split.......

z

Yes today it went up again... I was looking at this low float stock couple of days ago..

BUT low float isn't 197K anymore, right ? With the restructuring of debts => approximately 13.3 million newly issued shares of common stock of the Company ( 6 march ).
Is the foat higher because of this ? If I understood correctly, it is non-active shares.

So float stays at 197K ?

Take a look at LEVEL 2 and ask what kind of float there is. See how the price closes on the chart, compression is in progress. Tomorrow there will be a shot up on large volumes!

Can anyone confirm the float of 126K?

https://www.otcmarkets.com/stock/KEGX/disclosure

It goes and is very good. The board bought at $ 9.98. They know something. I think tomorrow we will see 20+. These are just thoughts, the price may be higher. Watch the close, I think we will go above $ 8 today.

What happening here?

03/06/2020 BLACKROCK INC.
Beneficial Owner (10%)
https://www.otcmarkets.com/filing/html?id=14009885&guid=h8GWUqgnYFxX93h
03/16/2020 GOLDMAN SACHS GROUP INC
https://whalewisdom.com/schedule13d/view/goldman-sachs-group-inc-sc-13d-2020-03-16-kegxd

BlackRock, Inc. is an American global investment management corporation based in New York City. Founded in 1988, initially as a risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager, with $7.4 trillion in assets under management as of end-Q4 2019. Wikipedia
Stock price: BLK (NYSE) $389.98 +32.70 (+9.15%)
Mar 17, 12:09 PM EDT - Disclaimer
Assets under management: 6.96 trillion USD (Q3 2019)

KEGX: effective March 9,2020 a one for 50 reverse split:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

Could KEGX and BASIC BAS MERGE ?

not sure how to take it ... bought some just in case .....

anyone?? news, restructure out of court

It pinched

Another decent move up again today. Congrats if anyone else is holding here. Merry Christmas.

i took a quick look at the 10Q filling. Does not look good. Company is going sown hill. imo.

I took a starter here. Decent move today for KEGX.

$KEGX moving steadily up the trend line, really like the way it's trading

Accumulation at 16 today, I'd love to see a new HOD

WOW, nice buying action followed by little taps to keep the PPS down, manipulation like this usually means something good is coming $KEGX

HUGE slap setting the tone for what's to come here $KEGX

THE BIG BUYER ON 18s KNOWS MORE 250000 SHARES !!!!!!!!

lenders deadline ends on Dec 6 ! KEGX is gathering steam

$KEGX Will do the same...three more days

Looks like it could be GO TIME here $KEGX

Volume and chart action giving me the signal to take a starter here, with the 52 week high of $6 this thing could break wide open

TIME TO BRING THIS COMPANY TO THE LIGHT! Too much potential here IMHO $KEGX

52 week high is over $6 a share, TREMENDOUS upward potential here

AGREED, with the kind of earnings we're seeing here there's no way that a deal won't be struck $KEGX

$KEGX beautiful action today, looking for that continuation tomorrow

$KEGX this stock is an OTC dream, only 20.5M O/S, undervalued with legit revenues

$KEGX with 106M in revenues in Q3 alone there's a good chance that a reasonable disposition will be reached IMO

$KEGX is finally getting some attention, L2 thin to 25 cents!!