LBRT - Liberty Oilfield Services Is At The Fundamental Nadir Of 2020
This is a Z4 Research Mid Quarter Update. We have previously commented on Liberty Oilfield Services (LBRT) a number of times on Seeking Alpha and on our site going back to the time of the IPO. Our most recent was this pre-call note from the time of the first quarter 2020 call, about 23% below current levels.
Liberty remains our only direct completion segment exposure. We own a smaller position in Halliburton (HAL) as well but that is more of a legacy diversified oil service holding and not the targeted position