KLX Energy Services Holdings, Inc. (KLXE)

[Deano361]

Nice !!

[Deano361]

Thanks! Nice !!

[starkd748]

All my picks greeeen...

[Shibbz-stock]

Volume pouring in now!! Should be a good day here!! or days....

[Deano361]

The value of the combined assets and future revenues, etc.. got to be worth more than this measly sub $2 price.

[Shibbz-stock]

If the shorts dont try to kill it !! LOL ... will recover tho!! BIG news... buy and hold for me!

[Shibbz-stock]

almost to 2$ in PM..... prolly just past that when the bell opens!!

Stock was trading at 25$ 12 month ago! 26 mil OS

[TheFinalCD]

BAM

[Deano361]

Hello, wonder what pps this values our stock at?

[dinogreeves]

BOOM

[TheFinalCD]

KLX Energy Services and Quintana Energy Services to Combine in an All-Stock Merger, Establishing an Industry-Leading Provider of Asset-Light Oilfield Solutions Across the Full Well Lifecycle Including Drilling, Completion and Production Related Products and Services

https://www.benzinga.com/pressreleases/20/05/g15941243/klx-energy-services-and-quintana-energy-services-to-combine-in-an-all-stock-merger-establishing-an

[TheFinalCD]

Conference Call

A joint conference call and webcast will be held May 4, 2020 at 10:00am (Eastern Time) to discuss the combination for analysts and investors. You may access the call by telephone at 1 [phone] with Conference ID 5166917. A link to the webcast and an investor presentation can be found on the Investor Relations sections of the KLXE and QES websites at https://investor.klxenergy.com/ and https://ir.quintanaenergyservices.com/ir-calendar.

[TheFinalCD]

KLX Energy Services and Quintana Energy Services to Combine in an All-Stock Merger, Establishing an Industry-Leading Provider...



KLXE/QES

https://ih.advfn.com/stock-market/NASDAQ/klx-energy-services-KLXE/stock-news/82364596/klx-energy-services-and-quintana-energy-services-t

[Pharaoh-1]

$KLXE, can be a real gem. Check out the oversold weekly chart below--last time the PSAR turned positive on the weekly was on January 2019--PSAR might flip to the positive territory as early as next week on the weekly chart. If oil prices pick up a bit, this stock might make a remarkable return over time barring any bad news IMO.

[Arnold25764]

This is very good news.

[Arnold25764]

$KLXE on close watch.

[crudeoil24]

"KLX Energy Services ended the fiscal year with a cash balance of approximately $124 million and maintains an undrawn $100 million credit facility with a current availability of approximately $60 million and no debt maturities until November 2025. Ongoing efforts to cut costs and preserve liquidity will continue as demand for the Company’s products and services declines. “A strong financial position will continue to be a key differentiator for us and allow the Company to continue to explore strategic combinations,” stated Amin Khoury, Chairman, Chief Executive Officer & President of KLX Energy Services."

[crudeoil24]

Dino, $3.00+ for sure!

KXLE

[$Pistol Pete$]

https://www.otcmarkets.com/stock/KLXE/news/story?e&id=1571539

[ClayTrader]

* * $KLXE Video Chart 04-23-2020 * *

Link to Video - click here to watch the technical chart video

[peterus]

thanks

[dinogreeves]

$3.00

[dinogreeves]

$3.00

[peterus]

see you have done a lot of dd

[FROZENFLAME]

Out $1.10 thanks $$$

[FROZENFLAME]

It’s coming $$$$$

[FROZENFLAME]

Pressure building up about to POP

[FROZENFLAME]

Nice short squeeze coming on the top of that $$$$

[FROZENFLAME]

Nice $KLXE$

[FROZENFLAME]

I’m sure we will .

[glenngroove]

Nice I hope we get another push up tomorrow

[FROZENFLAME]

Looking good $$$

[FROZENFLAME]

Next push going over one dollar $$

[glenngroove]

The company had approved millions for stock buyback. Wonder why they aren't taking advantage of the cheap shares for repurchase

[FROZENFLAME]

I think it will and very soon $29.50 52WH 17M float, should see $1+ this week .

[glenngroove]

I'm in as of yesterday...hoping for a nice ride north

[FROZENFLAME]

Looks like a short squeeze coming !

[FROZENFLAME]

Very very thin .

[FROZENFLAME]

Nice, 17M float .

[FROZENFLAME]

Looks like this is the bottom, I’m in
$ KLXE $

[glenngroove]

Dino are you still bullish on this one?

[ClayTrader]

* * $KLXE Video Chart 04-03-2020 * *

Link to Video - click here to watch the technical chart video

[dinogreeves]

LX Energy Services (KLXE) has declined by 78% since its spin-off last year and many of its energy services peers have gone bankrupt, asserts Richard Howe, editor of specialty advisory service, Stock Spin-Off Investing.

As Baron Rothschild famously said, “The time to buy is when there’s blood in the streets.” Well, there is blood in the Street! But how do we know this isn’t a value trap or worse a future bankruptcy?

See also: Top Picks 2020: Brookfield Renewable Partners (BEP)

First, the company is conservatively managed and has one of the best balance sheets in the industry. It’s debt to EBITDA ratio is 1.2x with no debt due until 2025. Further, it has $121MM of cash.

Second, the company is run by an excellent and highly aligned management team. The management team previously founded B/E Aerospace and KLX Inc. B/E Aerospace was eventually sold to Rockwell Collins for 12.4x EBITDA.

KLX Inc. was eventually sold to Boeing (BA) for 14.3x EBITDA. Management decided to forgo a salary in exchange for restricted stock in KLXE. My guess is KLXE is eventually sold once energy industry conditions improve.

Third, KLXE just concluded its heavy capital expenditure phase and will generate significant free cash flow in 2020.

See also: Top Picks 2020: Insperity, Inc. (NSP)

Fourth, KLXE’s current unused share repurchase authorization of $49 million represents 33% of its current market cap. I expect to management to aggressively buy back stock.

Five, KLXE, trading at 3.6x EBITDA, is dirt cheap. This valuation is cheap on an absolute and relative basis. Note Apergy, a larger energy services competitor, recently announced that it has agreed to acquire Ecolab’s energy division for 12.5x EBITDA.

Sixth, there has been heavy insider buying. The CEO, CFO, controller, VP of operations, and several directors have all bought shares in the open market recently.

For those with a contrarian streak and the stomach for volatility, Buy KLXE for its multi-bagger potential. I expect it to trade several multiples higher in a couple years.

[dinogreeves]

When this company starts to buy 45 million dollars worth of its own stock, watch out above, it will move, odds are this will trade 7-8 dollars for quickly, possibly within the next week or so, value should be in the teens with all seriousness.

[dinogreeves]

One of the best and undervalued companies out there, CEO pay $12.00 per share, 45 million dollars buyback could come anytime. This is not some horsechit, this is the real deal.


https://finance.yahoo.com/news/top-picks-2020-klx-energy-100000173.html

[dinogreeves]

KLXE is cash flow positive and the CEO has paid up to $12 dollars per shares, share buy back coming soon, just watch.

[dinogreeves]

KLXE short term target 6-8 dollars, severely undervalues.

[USAMade]

KLXE Moving up.

$ 7.17050.4405 | 6.55%
Bid: 7.13 x 300 Ask: 7.19 x 100

[USAMade]

Good Plan boston127

Buy when you see a good dip and entry point. I think this one should do very well in the future.

CEO has a solid track record. He built BE Aerospace and sold it and KLX Aero and sold it so I think there is a lot of room to grow for this one.

I am long on this one.

[boston127]

Continues to show strength daily.

This is not a runaway train yet, but it is showing strength in volume and in price every day. I may get back in today at some point, as my profits from this are sitting in my account looking for a home. SPE*X could be a good place to park some of those profits. Tough to call.