Nine Energy Service, an oilfield services company that competes with companies like Halliburton and Baker Hughes, operates in a number of shale basins, including the Marcellus/Utica. Last week the New York Stock Exchange (NYSE) informed Nine the company’s stock is in danger of being delisted from the exchange because the company’s average market capitalization over 30 consecutive trading days, as well as stockholders’ equity, has fallen below $50 million.
