Pokethebear

NINE Energy - specialty drilling equipment for OIL

Long
NYSE:NINE   NINE ENERGY SERVICE INC
NINE Energy sells specialty drilling equipment and customer are turning very profitable vs might go out of business at $55/barrell is now coming full circle with breakout from falling wedge . NYSE:NINE
Comment: Closed out on this one and back to same point. Abundance of oil, natural gas, coal, solar, alt. energy competing and oil may win, but industry consolidating. Fracking laws would need to change for this one to go up.
Comment: Nice bubble pop with oil prices and recent positive earnings. Look for jump in earnings next reporting.
Comment: Some pop on oil prices with Tweeting machine. Met $10 year end target for most and will recover as oil prices go up as operators buy alternative drilling approaches.
Comment: New ratio Enterprise Value / Market Value @ $1.10/share over 14. Oil is yes stinking cheap at $32-35 / barrel, so opportunity of beaten market making valuable drilling equipment & supplies.

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