FTSI - FTS International's Worries Are Not Over But The Management Displays Confidence
FTSI Has Limited Upside For Now
FTS International (FTSI) provides hydraulic fracturing services in North America. It operates in the major unconventional basins including the Permian Basin, the SCOOP/STACK Formation, the Marcellus/Utica Shale, the Eagle Ford Shale and the Haynesville Shale. I do not expect FTSI's stock price to show positive returns in the short-term. The excess supply of frac equipment in the market has put substantial pressure on the pricing. To counter the headwinds, the company relies on regional sand production to minimize some of its operating costs.
The supply attrition in