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Forum Energy Technologies, Inc. (FET)

NYSE - NYSE Delayed price. Currency in USD
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14.65-0.45 (-2.98%)
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  • C
    Councellor
    Chris Gaut holding 4.4 M shares that means owns more then 70% of the company based on the market capital?
  • C
    Councellor
    With 20:1 RS, the actual stock value is 60 to 65 cents especially when oil prices are $46. Go figure: this company is in a make or break situation. ROI will be in question!
  • Y
    Yahoo Finance Insights
    Forum Energy is up 13.69% to 10.96
  • Y
    YB
    RS!!!!
  • Y
    Yahoo Finance Insights
    Forum Energy is up 14.67% to 9.77
  • D
    Davinder
    HOUSTON --(BUSINESS WIRE)--Aug. 3, 2020-- Forum Energy Technologies, Inc. (NYSE: FET) (“Forum” or the “Company”) announced today the expiration and results of its previously announced offer to exchange its existing notes for new 9.00% convertible sec
    HOUSTON --(BUSINESS WIRE)--Aug. 3, 2020-- Forum Energy Technologies, Inc. (NYSE: FET) (“Forum” or the “Company”) announced today the expiration and results of its previously announced offer to exchange its existing notes for new 9.00% convertible sec
    ir.f-e-t.com
  • M
    Maarten
    Forum Energy is going up up up:-)
  • A
    Anthony
    wow bad report .time to jump ship!
  • L
    Larry
    i am a recent buyer of stock and lets not forget a pe fund controlled this and they did the typical roll up non sense. However at its current enterprise value to sales and the fact it is still generating ebitda makes this a great speculation. They are now rolling down from the roll ups and if they can just generate 60 to 70 mill in cash this year to pay down debt they can easily refinance into a secured loan. The rig count won't go much lower because only the majors are left and yes there are fewer customers but the customers left will be good ones.We sell alot of razor blades and remember we are in the depths of a depression for oil service. When you see companies like basic and key energy evaporate that shows you the extent of the damage.This company will survive which is all it has to do.Even if they stop liquidating inventory after this year they will survive. I believe with 60 mill debt paydown this year net debt assuming 60 mill in cash is 280 mill against 60 mill ebitda or 4.6 times in the depth of a depression. Assume in three years oil stabilizes if revenues stay at 1 billion and just a 10% ebitda margin that's 100 mill ebitda at 8 times whicjh is where the market will price it minus 280 mill in debt gives you 4.60 a share
  • A
    Alexander
    $AYTU conversation
    I have been a bull for 3 months, but this is dead money til warrants are filled or healight news, no denying this bulls. There is tremendous upside.

    Testing for healight, will not be for another 3-6 months at least.

    To create an injection mold in the medical device industry takes 2-4 months at the fastest pace... making sure parts fit, work, proper materials etc. etc. etc.

    Oil is down today and some really nice entry points - here are some ideas:
    $BORR $PACD $FET $SSL - all track CL=F

    I will be back AYTU Fam.
  • b
    betasplen
    I am thinking whether to add more here. FET seems to be the only small company in the energy space that is trying to buy back it's debt for a nice discount. That shows 2 things. Management is opportunistic and taking advantage of the current bond market. Second, management is confident that their company will get through this when the dust settles.
  • K
    Kevin
    good company, medium products, profit projections vs debt reduction does not inspire. I have watched this stock underperformfor quite some time with no effective recovery plan. Study weatherford very carefully, this will predict the forum future.
    Gmail is email that's intuitive, efficient, and useful. 15 GB of storage, less spam, and mobile access.
    Gmail is email that's intuitive, efficient, and useful. 15 GB of storage, less spam, and mobile access.
    inspire.is
  • E
    Energy-investor
    This is an oil equipment company with $400M plus book value and 1B revenue
  • M
    M
    bought 100k shares around 23 cents two days ago.

    This is how I win
  • a
    abdulmomer66
    from 2011 to 2014 average crude oil price was $95.50 and fet didn't make any profit then so how they will do now?
  • D
    Davinder
    Sec filing that was filed last night, looks like we are leaning on the side of it being a done deal.
    https://ir.f-e-t.com/static-files/e4c20c53-3cfc-4277-a53d-23f852fb8052
  • M
    Mike
    Chris Gaut on the reverse split:
    "It should be transparent and no impact on shareholders and just a matter of the math. And so you should expect that, that will occur this year."
    This is an example of a technically true but misleading statement. Math is math, but what Mr. Gaut is leaving out of his statement is that when you do a reverse split, it is widely viewed as a broadcast of weakness in your business. That in turn can have the effect of suppressing your stock price after the reverse split. How FET will perform after the reverse split remains to be seen, but it would be very rare for a stock to have a reverse split from a position of strength, and FET is no exception.
  • S
    Steven Beeferman
    Fail. Teach ya to invest in hope, try to beat manipulators and in an oil related business when there’s so much else out there.
  • D
    DT
    $OAS conversation
    Global oil demand will recover significantly next month, climbing to be within 10% of the level that the world saw prior to the coronavirus pandemic
    Global oil demand will recover significantly next month, climbing to be within 10% of the level that the world saw prior to the coronavirus pandemic
    oilprice.com
  • E
    Energy-investor
    $2 very soon..very strong fundamentals..debt reduction to 0%..strong cash flow..cost saving strategies..list goes on