Select Energy Services: A Growth Story In Frac Water...Finally!
davemessler.substack.com
Introduction Select Energy Services, (WTTR), is a leader in frac water management domestically. They have a solid business with years of running room, a nice cash hoard, and no debt. Did you get the "no" debt part? So why have they underperformed the market recovery that began in November of last year and continued into January of this year? Capital restraint by operators is the key reason. The frac water market is smaller than it used to be and the market dislikes businesses, that have otherwise sound fundamentals, if market growth isn't a component. A shining example would be Tesla, (
Select Energy Services: A Growth Story In Frac Water...Finally!
Select Energy Services: A Growth Story In…
Select Energy Services: A Growth Story In Frac Water...Finally!
Introduction Select Energy Services, (WTTR), is a leader in frac water management domestically. They have a solid business with years of running room, a nice cash hoard, and no debt. Did you get the "no" debt part? So why have they underperformed the market recovery that began in November of last year and continued into January of this year? Capital restraint by operators is the key reason. The frac water market is smaller than it used to be and the market dislikes businesses, that have otherwise sound fundamentals, if market growth isn't a component. A shining example would be Tesla, (