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Calfrac Well Services Ltd T.CFW

Alternate Symbol(s):  CFWFF

Calfrac Well Services Ltd. is an independent provider of specialized oilfield services in North America and Argentina, including hydraulic fracturing, coiled tubing, cementing and other well stimulation services. Its North America segment provides fracturing services to oil and natural gas companies operating in the Williston Basin located in North Dakota and the broader Rockies region. Its Argentinean segment provides fracturing, coiled tubing and cementing services to oil and natural gas companies operating in the Neuquen, Las Heras, and Comodoro Rivadavia regions. It provides solutions for fresh and high TDS brine applications, support for high viscosity friction reducer fracture fluid systems, along with all traditional industry applications of gel based, crosslink and energized fracturing needs. Its coiled tubing service line offers capability in coiled tubing completions and interventions. It offers primary and remedial cementing services in a variety of wells.


TSX:CFW - Post by User

Comment by Danzel88on Nov 14, 2021 12:27pm
227 Views
Post# 34124745

RE:RE:Nov 10 CFW cliff-diving?

RE:RE:Nov 10 CFW cliff-diving?I believe it was a single sale of around 17000 shares at 4.60 that filled a bid at 4.60 .  Somewhat of a public transfer of shares that caused a signficant drop in price over a small volume of shares moving hands, like pre-orchestrated.  I was surprised that the stock was haulted though..

I think the interesting predicement with this stock is that most people do not want to sell their shares and the majority of shares is owned by Investment funds, private equity and insiders. I think anyone that can understand finanicals knows this is very undervalued and will be worth alot more as soon as CFW is back to being profitable, likely this quarter or next as long as commodity prices stay steady in the range they are currently at.  

IMO what will need to happen is for the big-boys to eventualy start selling some of their shares and getting volume going to increase the stock price and gather attention from outsiders. They might need to sell a 5-10% stake of their holdings to interested buyers (publically trading) in order to achieve their 100-200%+ gains on the shares they keep.  

I do not have a crystal ball and am not a fortunate teller,  but I am still quite confident that this stock is 50% undervalued currently when factoring in Full Dilution share count.  Going to stay patient for another 3-6 months if required.

GLTA
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