One perspective: IMO Calfrac is extremely oversold on the negative bias of the oil and gas sector,
as well as oil services companies. CFW increased its div'd by 500% from .10-.50
and has lowest P/E of its peers. I live in Colorado and Calfrac, and Haliburton
are the 2 principal operators in the Niobrara basin.
We are only 2 weeks away from SLB and HAL earnings. CFW reports in August.
If HAL and SLB come in strong as I suspect? Doubledown on CAL.
The chart tells me CFW has put in a bottom at $20-21. CFW was nearly $40 at
its 52 wk high last year. It make sense to me to start building a position at
this ridiculously low bargain price.