Small-cap energy services company C&J Energy Services (CJES)
doesn't want to be small any longer. C&J has done a good job
building its fracking business on the back of modern, high-spec
equipment and the ability to execute well on challenging or complex
jobs, but now the company is looking to be an integrated services
provider that can compete more effectively with Halliburton (HAL), Schlumberger (SLB), and Baker Hughes (BHI).
While I appreciate the willingness of C&J management to make such a
bold move, I do wonder about the price paid and the quality of assets
the company is getting in return.
Read more here:
C&J Energy Services Goes All-In With The Nabors Deal
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