Q: CWC
Hi Peter, the service rig companies are all doing well because of the amount of oil wells drilled. An oil well requires more workovers and servicing than natural gas wells. Also with crude oil prices high the producers need to have the flow rates on a well to be maximized. What do think of buying CWC at current price because the yield is over 8%?
Hi Peter, the service rig companies are all doing well because of the amount of oil wells drilled. An oil well requires more workovers and servicing than natural gas wells. Also with crude oil prices high the producers need to have the flow rates on a well to be maximized. What do think of buying CWC at current price because the yield is over 8%?