While Nuverra Environmental Solutions (NYSE:NES) continued to struggle in 2013 along with the domestic oilfield services group, the stock isn't headed to $0 as suggested by others. In fact, the stock is now higher a couple of months later.
Nuverra Environmental is an environmental solutions provider to customers in the energy and industrial end-markets.
During the fourth quarter and the first part of 2014, the company made great strides to move beyond the struggles of the last couple of years. Ironically, the company supposedly headed to $0 is now in a position to repurchase debt at a discount and ride the return to growth in the domestic oilfield services. In fact, the company may actually thrive with an...
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