Enservco Corporation Reveals Exit Of Colorado Frac Water Heating Business Through Sale Of Assets For $1.695M ()Including $1.221M In Cash And A Short-term Note Of $473,375)
Portfolio Pulse from Benzinga Newsdesk
Enservco Corporation has announced the sale of its Colorado frac water heating business for $1.695 million, which includes $1.221 million in cash and a short-term note of $473,375.
August 09, 2024 | 10:49 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Enservco Corporation has sold its Colorado frac water heating business for $1.695 million, including $1.221 million in cash and a short-term note of $473,375. This move could improve the company's liquidity and allow it to focus on other core operations.
The sale of the Colorado frac water heating business will provide Enservco with immediate cash and a short-term note, which can improve its liquidity position. This strategic move allows the company to focus on its core operations, potentially leading to better financial performance in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100