Steven Reiman
Long/short equity, value, research analyst, small-cap

CWC Well Services: Wait Out The Keystone Pipeline With An 8.6% Dividend

"Don't dig for gold, sell the shovel"

-Unknown

I've owned a few pure play commodity exploration companies in my investment career and they have generally ended in disappointment. There are just so many ways for small miner and oil E&Ps to get into trouble with the gamut of potential issues ranging from drilling dry holes to environmental issues to problems with the local government. My new strategy when investing in the commodity sector involves focusing on the services segment as these companies, by their very nature, should be able to mitigate some of the previously mentioned risks by selling their "shovels" to many different customers.

With this in mind, I submit for consideration CWC Well Services (OTC:CAWLF) (which...

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