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 (NYSE: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.
Oil Service Majors Rally
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