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ENSERVCO CORP. DL-,005 (A3O.BE)

Berlin - Berlin Delayed price. Currency in EUR
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1.40000.0000 (0.00%)
As of 1:43PM CET. Market open.
Full screen
Previous close1.4000
Open0.1112
Bid0.0000 x 0
Ask0.0000 x 0
Day's range0.1112 - 1.4000
52-week range0.1112 - 4.8750
Volume3,000
Avg. volume454
Market capN/A
Beta (5Y monthly)N/A
PE ratio (TTM)N/A
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
  • Enservco Corporation Announces Pricing of $8.4 Million Public Offering
    GlobeNewswire

    Enservco Corporation Announces Pricing of $8.4 Million Public Offering

    DENVER, Feb. 09, 2021 (GLOBE NEWSWIRE) -- Enservco Corporation (NYSE American: ENSV), a diversified national provider of specialized well-site services to the domestic onshore conventional and unconventional oil and gas industries, today announced the pricing of its public offering of 3,652,173 shares of common stock at a price to the public of $2.30 per share. Enservco expects to receive gross proceeds of approximately $8.4 million, before deducting underwriting discounts and commissions and other estimated offering expenses. Enservco has granted the underwriters a 45-day option to purchase up to an additional 547,825 shares of common stock at the public offering price to cover over-allotments, if any. The offering is expected to close on February 11, 2021, subject to customary closing conditions. Enservco intends to use the net proceeds from this offering for working capital purposes and to reduce debt. A.G.P./Alliance Global Partners is acting as sole book-running manager for the offering. The offering is being conducted pursuant to Enservco’s registration statement on Form S-1 (File No. 333-252275) previously filed with the Securities and Exchange Commission (“SEC”) and declared effective on February 8, 2021. A final prospectus relating to the offering will be filed with the SEC and will be available on the SEC's website at http://www.sec.gov. Electronic copies of the prospectus relating to this offering, when available, may be obtained from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022 at (212) 813-1047. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Enservco Through its various operating subsidiaries, Enservco provides a wide range of oilfield services, including hot oiling, acidizing, frac water heating and related services. The Company has a broad geographic footprint covering seven major domestic oil and gas basins and serves customers in Colorado, Montana, New Mexico, North Dakota, Oklahoma, Pennsylvania, Ohio, Texas, Wyoming and West Virginia. Additional information is available at www.enservco.com. Cautionary Note Regarding Forward-Looking Statements This news release contains information that is "forward-looking" in that it describes events and conditions Enservco reasonably expects to occur in the future. Expectations for the future performance of Enservco are dependent upon a number of factors, and there can be no assurance that Enservco will achieve the results as contemplated herein. Certain statements contained in this release using the terms "may," "intends," "expects to," and other terms denoting future possibilities, are forward-looking statements. The accuracy of these statements cannot be guaranteed as they are subject to a variety of risks, which are beyond Enservco's ability to predict, or control and which may cause actual results to differ materially from the projections or estimates contained herein. Among these risks are those set forth in Enservco’s annual report on Form 10-K for the year ended December 31, 2019, and subsequently filed documents with the SEC. Forward looking statements in this news release that are subject to risk include A.G.P./Alliance Global Partners’ ability to complete the public offering. Enservco disclaims any obligation to update any forward-looking statement made herein, except as required by law. Contacts: Jay PfeifferPfeiffer High Investor Relations, Inc.Phone: 303-880-9000Email: jay@pfeifferhigh.com Marjorie HargravePresident and Chief Financial OfficerEnservco Corporationmhargrave@enservco.com

  • Enservco Executive Chairman Rich Murphy’s Investment Firm Cross River Partners to Convert Remaining $1.25 Million Sub-Debt to Equity
    GlobeNewswire

    Enservco Executive Chairman Rich Murphy’s Investment Firm Cross River Partners to Convert Remaining $1.25 Million Sub-Debt to Equity

    DENVER, Feb. 03, 2021 (GLOBE NEWSWIRE) -- Enservco Corporation (NYSE American: ENSV), a diversified national provider of specialized well-site services to the domestic onshore conventional and unconventional oil and gas industries, today announced that Cross River Partners, the investment firm managed by Enservco’s Executive Chairman Rich Murphy, will convert its remaining subordinated debt and accumulated interest to Enservco equity. Specifically, Cross River will exchange $1.25 million in sub-debt plus approximately $62,000 in accrued interest for 601,674 shares of common stock, based on a price of $2.18, which is the most recent closing sales price. In consideration for the exchange, Enservco will issue to Cross River 150,418 common stock purchase warrants exercisable at $2.507 per warrant share, a 15% premium to the exchange price. Cross River originally held $2.5 million in sub-debt, but in September 2020 converted half of that total, or $1.25 million, plus $250,000 in accrued interest into common stock. In the aggregate, the elimination of $2.5 million in sub-debt plus $326,000 in accrued interest, combined with the elimination of $16 million in other debt in conjunction with the Company’s bank refinancing in September 2020, brings the total debt reduction over the past four months to $18.8 million. Marjorie Hargrave, President and CFO, commented, “By eliminating $18.8 million in total debt in the past four months, we have significantly strengthened our balance sheet and created critical financial flexibility for the Company as we pursue our growth initiatives in an improving oil and gas environment. I want to again credit our lender, East West Bank, for being an outstanding partner and working hard to help us emerge from the downturn as a stronger company. In addition, since the beginning of 2020 we have taken more than $4.5 million in costs out of the business, significantly reducing our break-even and better positioning us to generate positive adjusted EBITDA as industry conditions continue to improve.” Rich Murphy, Executive Chairman, added, “My agreement to convert debt to equity reflects my confidence in our business, our corporate staff and our field teams. I’m excited about where we are as a business and looking forward to taking advantage of improving oil and gas markets.” About Enservco Through its various operating subsidiaries, Enservco provides a wide range of oilfield services, including hot oiling, acidizing, frac water heating and related services. The Company has a broad geographic footprint covering seven major domestic oil and gas basins and serves customers in Colorado, Montana, New Mexico, North Dakota, Oklahoma, Pennsylvania, Ohio, Texas, Wyoming and West Virginia. Additional information is available at www.enservco.com Cautionary Note Regarding Forward-Looking Statements This news release contains information that is "forward-looking" in that it describes events and conditions Enservco reasonably expects to occur in the future. Expectations for the future performance of Enservco are dependent upon a number of factors, and there can be no assurance that Enservco will achieve the results as contemplated herein. Certain statements contained in this release using the terms "may," “intends,” "expects to," and other terms denoting future possibilities, are forward-looking statements. The accuracy of these statements cannot be guaranteed as they are subject to a variety of risks, which are beyond Enservco's ability to predict, or control and which may cause actual results to differ materially from the projections or estimates contained herein. Among these risks are those set forth in Enservco’s annual report on Form 10-K for the year ended December 31, 2019, and subsequently filed documents with the SEC. Forward looking statements in this news release that are subject to risk include Cross River’s plans to convert debt to equity, the Company’s ability to take advantage of improvement in oil and gas markets, ability to generate positive EBITDA and success of the proposed S-1 offering. Enservco disclaims any obligation to update any forward-looking statement made herein, except as required by law. Contacts: Jay PfeifferPfeiffer High Investor Relations, Inc.Phone: 303-880-9000Email: jay@pfeifferhigh.com Marjorie HargravePresident and Chief Financial OfficerEnservco Corporationmhargrave@enservco.com

  • Enservco Lender East West Bank Extends Maturity Date of Company’s Term Loan and Working Capital Line of Credit
    GlobeNewswire

    Enservco Lender East West Bank Extends Maturity Date of Company’s Term Loan and Working Capital Line of Credit

    DENVER, Feb. 02, 2021 (GLOBE NEWSWIRE) -- Enservco Corporation (NYSE American: ENSV), a diversified national provider of specialized well-site services to the domestic onshore conventional and unconventional oil and gas industries, today announced that its lender, East West Bank, has extended the maturity date of the Company’s $17 million term loan and $1 million working capital line of credit by one year – from October 15, 2021, to October 15, 2022. “We appreciate East West Bank’s positive move as we continue to take steps to strengthen our balance sheet and build our business,” said Rich Murphy, CEO. “This one-year extension gives us added financial flexibility well into 2022 to operate our business and take advantage of the upturn in the oil and gas markets.” About Enservco Through its various operating subsidiaries, Enservco provides a wide range of oilfield services, including hot oiling, acidizing, frac water heating and related services. The Company has a broad geographic footprint covering seven major domestic oil and gas basins and serves customers in Colorado, Montana, New Mexico, North Dakota, Oklahoma, Pennsylvania, Ohio, Texas, Wyoming and West Virginia. Additional information is available at www.enservco.com Cautionary Note Regarding Forward-Looking Statements This news release contains information that is "forward-looking" in that it describes events and conditions Enservco reasonably expects to occur in the future. Expectations for the future performance of Enservco are dependent upon a number of factors, and there can be no assurance that Enservco will achieve the results as contemplated herein. Certain statements contained in this release using the terms "may," “intends,” "expects to," and other terms denoting future possibilities, are forward-looking statements. The accuracy of these statements cannot be guaranteed as they are subject to a variety of risks, which are beyond Enservco's ability to predict, or control and which may cause actual results to differ materially from the projections or estimates contained herein. Among these risks are those set forth in Enservco’s annual report on Form 10-K for the year ended December 31, 2019, and subsequently filed documents with the SEC. Forward looking statements in this news release that are subject to risk include management’s ability to strengthen the balance sheet, build the business and take advantage of the upturn in oil and gas markets. Enservco disclaims any obligation to update any forward-looking statement made herein, except as required by law. Contacts: Jay PfeifferPfeiffer High Investor Relations, Inc.Phone: 303-880-9000Email: jay@pfeifferhigh.com Marjorie HargravePresident and Chief Financial OfficerEnservco Corporationmhargrave@enservco.com