Oil and Natural Gas Industry vs Consumer Good Stocks: (PINKSHEETS: POOSF), (PINKSHEETS: NSRGY)
Poseidon Concepts (PINKSHEETS: POOSF), a company engaged in renting fracturing fluid handling tanks mainly used in well completion operations in the oil and natural gas industry in western Canada and the U.S., is sinking in mid-day trading today after the company announced that it formed a special committee to review and assess its business processes and controls. POOSF also suspended its future dividends and announced Board and managerial changes.
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