SAExploration Holdings, Inc., an oilfield services company, provides seismic data acquisition and logistical support services to the oil and gas industry in North and South America, and Southeast Asia. Its seismic data acquisition services include program design, planning and permitting, camp services, survey, drilling, recording, reclamation, and in-field processing. The company acquires 2D, 3D, time-lapse 4D, and multi-component seismic data on land, in transition zones between land and water, and in offshore in depths reaching 3,000 meters. It operates crews that utilize approximately 29,500 channels of land and marine seismic data acquisition equipment and other equipment. The company is headquartered in Houston, Texas.
Another big pop, up 45% after hours! SAExploration (SAEX) Receives ~$24.4M in Tax Credit Certificates from Alaska's DoR Source: http://www.streetinsider.com/Corpor...ng+$15M+in+Senior+Loan+Facility/12160000.html
Looks like its just spill over from DRYS nonsense thestreet.com A host of other-sea transport stocks have moved higher in recent trading as well. SAExporation (SAEX) rose some 25% to $10 a share as of Tuesday afternoon, while Genco Shipping (GNK) climbed 10% to $9. Eagle Bulk Shipping (EGLE) also jumped 40% Monday, though that stock has declined so far in Tuesday's session. None of those, however, match the remarkable firepower of DryShips, a development that's completely out of character with the company's fundamentals. The company is working with its lenders to manage the terms of its credit facilities. Three of its loan products have matured, and the company hasn't been able to make final balloon payments, and has instead suspended principal and interest payments to preserve liquidity. DryShips has been actively selling off vessels to pay down revolving credit facilities. This means DRYS will have that much less leverage to any real or perceived improvement in the fundamentals of the sea freight business. What has taken place, though, is the remarkable impact of the short-selling market. With short interest in the stock spiking, short sellers have to scramble to gain the shares needed to cover their bets before the market completely gets away from them. The more the market moves against them, the more ferocious the competition to acquire those shares becomes.
I feel bad for a lot of the people getting into these runs real late that have no idea they're about to lose a lot of money when a lot of the real big players take their profits and get out of these. Lots of newer investors that like to chase are going to lose a lot of money and they don't know any better yet.
Look for another squeeze today..$8.84 is still the magnet to the support for all you old times. $9.13 breaking point
The company currently has a P/E ratio of N/A and the market cap of the company is 16.30M. As of the latest earnings report the EPS was $-7.52 with 9.42M shares presently outstanding.
