(Market Call Minute.) Somewhat bearish at this time on the services companies.
Just announced that there will be a change in management. She was never quite comfortable with their single type fracing technique which limits what type of plays it can be used in.
A couple of the companies they deal with have decided to pull back in terms of cap X. He likes the story now. He would wait for a pullback to enter at this point.
It was popular 4 or 5 years ago. A large number of companies have deployed the water flood technology, but did not get the results they wanted so use other fracking techniques.