Opinions
Eric Nuttall
Keane Group Inc
FRAC-N
SELL
Jul 20, 2018
$12.420
Stock price when the opinion was issued
Energy
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COMMENT
This is an example of a US Pressure pumping stock. He is strongly positive on the category. Keane has net cash and is doing a 100 million share buy back. It trades at 3.5 times EBITDA with a 15% free cash flow yield. There is a lock-up from their private equity sponsor but that comes off today or tomorrow and will have its effect for a short time. Because of the bad weather, focus on their forward-looking guidance.
Energy
PAST TOP PICK
(A Top Pick Feb 09/18, Down 28%) This was an IPO of the US assets of Trican. A US pressure pumper company that is still under stress. Investors have to remember this sector has to compete with others with the same rate of return metrics. This company will again under spend their budget -- not fantastic.
Energy
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One of the better US pumpers with respect to balance sheet. They are generating free cash flow. There is no catalyst to buy this stock. More reasons to own Canadian than any US pressure pumpers. Would sell this and buy Trican.