Thursday, July 18, 2013
Time For A Rebound In C&J Energy Services
As domestic oil surges above $100 and natural gas supplies drop below 5-year averages, now could finally be the time to own C&J Energy Services (CJES). The company went public just as the boom in shale drilling peaked and the stock has suffered. Instead of sitting still, the management team has been aggressive with a major acquisition and continuing to build out equipment fleets that have hurt short-term profits. In the long-term, the company could be poised for a strong rebound when the market recovers.
C&J Energy Services is an independent provider of premium hydraulic fracturing, coiled tubing, pressure pumping and wireline service with a focus on complex, technically difficult well completions.
Read the full article at Seeking Alpha.
Disclosures: Long CJES and WFT. Please review the disclaimer page for more details.