RE:RE:M&A rumorsI'd like to see them stop taking welfare dollars....and refund all the welfare to date. Already complaining about labour shortages haha sorry no one going to come back to work to give up welfare for a 100 hr project....
Adonis1411 wrote: Totally agree. Plus CFW still has a lot of debt. If you were going to buy HHP (which they shouldn't) and weren't afraid of taking on some debt, the better play would be STEP. CFW has a big US pumping presence which TCW has already learned is a fool's game. STEP has a very small US presence which could be spun and a high quality coil business.
Personally, I'd rather just see them flow cash, watch their competitors struggle and put the cash flow into buybacks, dual gas conversions and M&A that is more tied to production services (vs. drilling and completion).