This month we are sharing another Bison portfolio position: Weatherford International (NASDAQ: WFRD). Weatherford is a storied global oilfield services provider that emerged from bankruptcy in July 2019. Everyone has heard of them, but few are familiar with their current positioning or their strong financial performance, despite the stock rising since Covid lows. This has already been a high performing investment for Bison, and we are happy to share our thesis as we see more potential upside from here.
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.
Interesting opportunity. Just wondering, do you have/ know of any examples of companies in your space that have re-rated against their competitors? Thx
What about NOV? Aren’t they also a peer?
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.
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