WTTR - Select Energy Services: Fortress Balance Sheet Assures Survival Significant Upside Potential
- Select rounded the corner in Q2 with a strong balance sheet.
- So far, shares have not responded thanks to general market conditions.
- We think the company has a good chance of exceeding analyst estimates for Q3 based on the tripling of frac spreads last quarter from the Q2 bottom.
- The company is debt free and generating free cash. We think investors with a moderate risk profile should consider Select before earnings are released tomorrow.
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Select Energy Services: Fortress Balance Sheet Assures Survival, Significant Upside Potential