Forum Energy Technologies, Inc. (FET) Social Stream
Featured Post From StockTwits About FET
$FET $OIH The interesting part of this entire drawdown is that the US rig count has increased by 45 over the course of the 9 week drawdown period.ConcentratedPositions, published August 16, 2021
Oil activity, not price is what makes OFS profitable.
Top & bottom line growth are only going up from here.
Oil prices may dip due to temporary demand softness but producers have to make decisions over more than a couple months so it is not going to affect OFS at the end of the day.
IMO any well capitalized OFS name is a better risk/return play today than it was at the very bottom in 2020. Adding as much as possible at these levels for the next multi-year growth period. (in activity, because activity is going to grow significantly from current levels regardless of WTI at $55 or $85.)
Oil pushing higher 2 years from now is more important than now. There simply isn't enough capacity to fill activity demand at an oil price higher than where we are. Moderate, steady growth will be much more beneficial than a quick boom.
What Else are FET Traders Talking About?
Other tickers frequently mentioned alongside FET is OIH.