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Strad Energy ServicesSDY.TOTOP PICKMar 01, 2013Stock price when the opinion was issued
As of Apr 24, 2020. Market Open.
One of the more conservatively run oil service companies. A smaller oil service business. He likes some of the stuff they do in their rig matting and gas compression businesses. They have an acquisition strategy, and in this environment they may see some opportunities that could be accretive to shareholders. Balance sheet is pretty clean. Yield of 8%.
Could be a take-over candidate. Management is building up the company, selling off one of their low margin businesses. Energy and services plus non-bank financials are his two best sectors. Run by an excellent group. Extraordinarily cheap and they are already set up. Not that well followed. Could be a take-over candidate in time.
Just hit new lows and he likes to buy when things are down and dirty. Excellent management. 50% of the company is in the US. Very big in the Bakken in North Dakota as well as the Marcellus. 7.56% yield which is not expected to be cut as it is only 25% of their cash flow.