LONGMONT, Colo. - Enservco (NYSE:ENSV) Corporation (NYSE American: ENSV), a provider of specialized well-site services to the U.S. oil and gas industry, expects to report a solid operational performance for the full year of 2023 later this month. The company has also experienced a robust beginning to 2024, with revenues in the first two months rising 15% compared to the same period last year.
The recent legal challenges faced by Enservco have been resolved, as the U.S. District Court for the District of Colorado dismissed a class action lawsuit against the company and certain representatives. This development allows the company to concentrate on its growth initiatives aimed at enhancing shareholder value.
In an effort to improve communication with investors, Enservco has engaged Al Petrie Advisors, an investor relations firm specializing in the energy sector. Chairman and CEO Rich Murphy expressed optimism about the company's trajectory, citing operational and financial improvements in 2023 and a strong start to 2024.
Enservco operates across the United States, offering a variety of services including hot oiling, acidizing, and frac water heating. The dismissal of the lawsuit and the engagement of Al Petrie Advisors are part of the company's broader strategy to focus on internal and external growth opportunities.
This news article is based on a press release statement from Enservco Corporation.
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