Trading of shares of oilfield services company Pioneer Energy Services Corp. was halted Wednesday as the New York Stock Exchange began the process to delist its stock.
Although the San Antonio-based company was told in June that it had six months to get its stock price to $1 per share, the delisting was initiated prematurely due to an “abnormally low” trading price, according to a company statement. Beginning Aug. 15, Pioneer will trade over the counter on OTCQX under the symbol PESX.
Pioneer…
The system, known as NeuFuel, differs from compressed natural gas because it can be used at a lower pressure than CNG.
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