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Now the end of that redemption of the preferred is in sight. The units of CSI Compressco (CCLP) are beginning to rally. The main investment hope is that the continuing good financial news will enable the price rally to continue for a long time to come. Management reported both during the conference call and the quarterly earnings press release that business was booming and was expected to continue to boom for the foreseeable future.
The unit price hit a low when the company finally decided to redeem the preferred shares by using cash