Just watched the clip of Mccreath on BNN...if he is even CLOSE to being correct, we are all in big big trouble. More accounts receivable right offs, 75% decrease in price of tanks and frac companies giving away tanks for free....all his predictions, he is right about another shoe to drop if any of these are confirmed. One must be really really really careful here, no matter what some of the pumpers will have you believe. PSN is definitely now in the penalty box and have to gain back investor confidence somehow. Any of Mccreath's comments cannot help that cause.
This could get real real ugly and before you regard me as a basher, I was quite happy to have owned PSN and collect the dividend since it was spun off and have been a shareholder since...however now I have turned quite bearish on the stock until they prove they can turn things around.