If WFT was to merge with a competitor, which competitor do you think would be the best fit? SLB, HAL, Baker? I'm staying out of the oil patch for now but I hope the trade works out for you! If you haven't heard of MSPC you might want to check it out. It's trading at a 52-week high, it's been moving higher on heavy volume. On Thursday it was up 50% and hit a 52-wk high. The next day it went up 33% and closed at a new high. Their revenues are growing a lot and every day there is heavy trading volume. One idea would be to get shares of MSPC and hold them for a few months or more and then take out some profits and wait until oil comes into favor. Once oil comes into favor, that would be the time to add to energy positions.
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