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UPDATE 1-U.S. House questions FEMA over Puerto Rico power contracts [Reuters]
Last mammoth energy services earnings: 2/21 05:39 pm
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UPDATE 1-U.S. House questions FEMA over Puerto Rico power contracts | Reuters Reuters Staff 2 Min Read (Adds details throughout) By Roberta Rampton WASHINGTON, Nov 1 (Reuters) - The U.S. House of Representatives’ energy committee on Wednesday said it wants the Federal Emergency Management Agency (FEMA) to explain how it is overseeing contracts for rebuilding Puerto Rico’s power grid after it was devastated by Hurricane Maria. In a letter to FEMA, the committee raised questions about contracts between Puerto Rico’s Electric Power Authority (PREPA) and two companies: Whitefish Energy Holdings and Cobra Acquisitions LLC, a subsidiary of Mammoth Energy Services Inc . Six weeks after the hurricane swept across the island territory, two-thirds of its residents are still without power. The committee said “federal leadership and strategic coordination” is needed to restore power, and outlined a series of concerns about the role played so far by FEMA. On Sunday, Puerto Rican Governor Ricardo R
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- Mammoth Energy Schedules First Quarter 2018 Earnings Conference Call for May 3, 2018[GlobeNewswire]
- Mammoth Energy Services: Buy The Dip From The Recent Blackout In Puerto Rico [Seeking Alpha][Seeking Alpha]
- Mammoth Energy -10% following another Puerto Rico power fiasco [Seeking Alpha][Seeking Alpha]
- Big Risk Could Mean Big Profits - Or Slump - For Mammoth Energy Services [Seeking Alpha][Seeking Alpha]
- Mammoth Energy Services (NASDAQ: TUSK) was downgraded by analysts at Tudor Pickering from a "buy" rating to a "hold" rating.[MarketBeat]
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