Nuverra Environmental 3Q16: Still in the Red, but Improving

nuverraNuverra Environmental Solutions is one of the largest companies in the United States that handles transportation and disposal of shale drilling wastewater and leftover rock and dirt from drilling. The company has major operations in the Marcellus/Utica region. In January the company, going through tough economic times, was de-listed from the New York Stock Exchange (see Nuverra Environmental Delisted from NYSE, Now a Penny Stock). Last week the company issued its third quarter update. There was (some) improvement. In 3Q15 the company lost $128 million. In 3Q16 they only lost $38 million–a swing of $90 million to the good. A quick check shows the share price year-to-date has bumped around from $0.15 – $0.20 per share. Not so hot…

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