Mammoth Energy Services: Aquawolf Sale Adds To Cash Position (NASDAQ:TUSK)

Core Insights - Mammoth Energy Services announced the sale of its Aquawolf engineering business for $30 million, with net cash proceeds expected to be up to $26 million [1]. Company Summary - Mammoth Energy Services is divesting its Aquawolf engineering business, indicating a strategic move to streamline operations or raise capital [1]. Analyst Background - Aaron Chow, known as Elephant Analytics, has over 15 years of analytical experience and is a top-rated analyst on TipRanks, focusing on value opportunities and distressed plays, particularly in the energy sector [2].