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FTSI - FTS International: The Focus Is On Deleveraging And Cash Flows As Drivers Dry Up
FTS International Inc. Class A
FTSI‘s Bottom Is Not In Sight
FTS International (FTSI) provides hydraulic fracturing services in North America. It operates in the major unconventional U.S. energy basins. I expect the stock price to exhibit weakness in the short term. Although the performance can improve in 2020, the timing of the stock price rebound is challenging to forecast at this point. The stock is relatively undervalued and can be a smart pick once the value drivers are in place.
The pricing weakness in the pressure pumping equipment market will prompt the company’s frac fleet to reduce