Hi Josh, This looks very interesting. Thanks. I am just wondering if now is the best time to invest while oil has had a run and demand is seasonally lower. At the same time supplies are constrained and anything worse happening in the Middle East could easily send oil upwards.
Timing is hard. Weatherford's metrics improved this year from last year despite lower oil & gas prices. Perhaps that would continue in 2024 if prices fell a little more?
Interesting opportunity. Just wondering, do you have/ know of any examples of companies in your space that have re-rated against their competitors? Thx
Many, some of which have been shared in Bison white papers. SandRidge, Journey and Razor each re-rated substantially subsequent to disclosing Bison's investment thesis on the names.
What about NOV? Aren’t they also a peer?
Sort of. NOV fits in closer with OII, DRQ, FTI etc.
Hi Josh, This looks very interesting. Thanks. I am just wondering if now is the best time to invest while oil has had a run and demand is seasonally lower. At the same time supplies are constrained and anything worse happening in the Middle East could easily send oil upwards.
Timing is hard. Weatherford's metrics improved this year from last year despite lower oil & gas prices. Perhaps that would continue in 2024 if prices fell a little more?
It would be great with dividends.
Interesting opportunity. Just wondering, do you have/ know of any examples of companies in your space that have re-rated against their competitors? Thx
Many, some of which have been shared in Bison white papers. SandRidge, Journey and Razor each re-rated substantially subsequent to disclosing Bison's investment thesis on the names.