04-24-2019, 12:33 AM
Turns out one of the companies that The Oil & Gas Trader Bulletin had flagged as dodgy isn't dodgy. We should have checked that, so mea culpa for that.
The company in question is ACM Europe and while we don't know whether it can be responsible for the $50M in backlog that was penciled in in that backlog PR, it's certainly a company of sufficient heft and there is nothing dodgy about it.
Our questions with regard to exploding backlog while significantly dialing down revenue guidance remains, but we're no longer all that worried about potentially dodgy customers.
The company in question is ACM Europe and while we don't know whether it can be responsible for the $50M in backlog that was penciled in in that backlog PR, it's certainly a company of sufficient heft and there is nothing dodgy about it.
Our questions with regard to exploding backlog while significantly dialing down revenue guidance remains, but we're no longer all that worried about potentially dodgy customers.