Another frac’er bites the dust: Houston-based Nine Energy shares slumped by -70.98% year to date; Lays off 70 employees, closes operations in Calgary, Red Deer and Grand Prairie, leaves Canada. Will they clean up on their way out?

Deciding Between Histogenics Corporation (HSGX) and At Nine Energy Service, Inc. (NINE) For Next Investment by Edison Carroll, September 13, 2019, eglobalist

… The shares of Nine Energy Service, Inc. (NYSE:NINE), has slumped by -70.98% year to date as of 09/12/2019. The shares currently trade at $6.54 and have been able to report a change of 20.66% over the past one week.

Nine Energy closes Calgary headquarters, pulls up stakes in Canada by Michael Franklin, Sept 12, 2019, Calgary CTV News

Another U.S. energy company doing business in Alberta has shut down its operations north of the border.

Houston-based Nine Energy Service operated three sites in Alberta, including its headquarters in the City of Calgary.

CTV News has learned the company has closed its doors in Canada and laid off 70 employees.

Nine Energy also operated wireline and completions offices in Red Deer and Grande Prairie.

Refer also to:

End game of AER/CAPP/Alberta’s putrid hundreds of billions in oilpatch liabilities stench has been known for decades. Yet another review not needed! Just get to work! Start cleaning up!

World’s Biggest Fund Manager, BlackRock, lost $90 Billion investing in fossil fuel companies over last decade

Frackers have spilled billions of dollars in red ink. Fracked oil & natural gas have been financial disasters. “Cash flows from fracking-focused oil and gas companies across the US have been negative for decades — even when oil and gas prices were higher than they are now.”

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