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OFS - Analyst Notes - January 08, 2019
TPH remains upbeat on land OFS stocks Following a horrid end to 2018, many OFS stocks entered 2019 at/near 52-week and/or all-time lows, which begs question as to whether we are headed for another industry downturn in 2019 or whether now is a good time to invest in OFS stocks. Despite oil macro uncertainty, we're in latter camp. Generally speaking, asset level valuations for land drillers look very attractive, with the pressure pumpers not far behind. Unfortunately, same can't be......
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