Out Fox The $treet

Maybe  Schlumberger's  ( NYSE: SLB     )  announcement that it was increasing its long-term growth rates was a sign that the oilfield services sector was about to consolidate to exploit improving industrywide growth rates. In this case, C&J Energy Services ( NYSE: CJES     ) is purchasing the completion and production services of Nabors Industries ( NYSE: NBR     ). The Nabors division is actually roughly double the size of C&J Energy in nearly all key metrics. Making the deal even more interesting, Nabors will accept a sizable position in the new combined entity instead of completely cashing out. Typically when a business accepts a lot of stock in such a deal it views the combination as having plenty of synergies that will create value and make the company more valuable. Read the full article here . Disclosure: Long CJES. Please review the disclaimer page for more details. 

C&J Energy Services ( NYSE: CJES     ) continues to be one of the most aggressive firms in the oil services sector. In the first quarter, the company is starting to see the benefit of aggressively building out assets during the downturn of the last couple of years. The interesting takeaways from the earnings report are a substantial increase in revenue, a rebound in income, an ongoing push to add more assets, and no mention of weather disruptions despite industrywide issues during the quarter. The growth surpasses the gains made by the oil services majors and hugely disappointing results from Key Energy Services ( NYSE: KEG     ) . Even Basic Energy Services ( NYSE: BAS     ) , which has seen a huge gain in its shares, still reported a loss for the quarter, but the oil service player is making some aggressive moves. Read the full article here . Disclosure: Long CJES. Please read th...

Despite a weak operating environment for domestic oil services, C&J Energy Services ( NYSE: CJES     ) undertook an aggressive expansion plan for 2013. That strategy culminated in several deals during the fourth quarter and further plans for 2014. The reported financials continue to disappoint due to higher costs for expansion, but the company might be set up to take advantage of suddenly sparse natural gas inventories. The domestic hydraulic fracturing specialist has spent the last couple of years expanding the business line and, surprisingly, building new equipment. Now with natural gas inventories plunging to five-year lows, C&J Energy is positioned to take advantage of a market where utilization is already firming. Read the full article here . Disclosure: Long CJES. Please review the disclaimer page for more details. 

Small-Cap Insight 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.