WTTR - Select Water Solutions Not Yet Selected

2024-06-24 06:38:15 ET

Summary

• Select Water Solutions, Inc., an oilfield water service and chemicals company, has a market capitalization of $1.2 billion. It pays a 2.4% dividend.
• The oilfield services sector is under pressure, again, as billions in mergers and acquisitions lead to companies consolidating their drilling activities.
• The Permian Basin contends with an estimated 20 million BPD of produced water; water handling services are key.

Per its company description , Select Water Solutions, Inc. ( WTTR ) "provides water management and chemical solutions to the energy industry."

Select has two kinds of shares : Class A and Class B. Only Class A shares are publicly traded. Class A shares account for 86% of the total $1.2 billion market capitalization and pay a 2.4% dividend....

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