ARIS - Aris Strategizes For Success In The Oil & Gas Industry

2024-04-10 17:01:47 ET

Summary

• Aris Water Solutions' stock nearly doubled in the past three months, but it is still below its previous high in 2022.
• The company provides environmental water solutions to energy companies in the Permian Basin and its stock price has closely followed crude oil prices.
• Aris has a strong customer base, including ConocoPhillips and Chevron, and is positioned for continued growth in the water management industry.

Thesis

Shares of Aris Water Solutions, Inc. ( ARIS ) nearly doubled in the past three months. They grew from $7.74 on January 19 to $15.15 on April 9.

However, we need to take those numbers in context, because the shares had been at more than $20 in the summer of 2022, and then lost roughly two-thirds of their value:

Still, that decline should not be surprising because Aris provides environmental water solutions to energy companies in the Permian Basin and its chart roughly reflects a chart of crude oil prices over the same period....

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