Replies to post #57399 on Savvy Trades and Investments

[researcher59]

FTSI - I added some shares in the high $6's this morning .... but sure wish I had been selling more aggressively just a few weeks ago in the $13's !

[Bmrboy]

FTSI - i'm upset that I didn't get any in the 6s today. The Credit Suisse downgrade is totally over doing it, in my opinion. Things are not slowing down w/ US shale and budgets are actually higher than last year. Most of this is speculative and we will see how it actually plays out. I'd be surprised to see FTSI sub-10 after the next couple of quarters play out.

[researcher59]

FTSI analyst commentary -

flyonthewall -

12/19 - Credit Suisse analyst James Wicklund downgraded FTS International to Neutral from Outperform as he updates his sector-wide macro forecasts for a lower expected oil price. In 2019, the analyst sees the overall U.S. rig count declining by about 5%, a 5% decline in completions and a 3% decline in pressure pumping horsepower needed. Wicklund also lowered his price target on the shares to $8 from $15. :theflyonthewall.com

12/11 - Wells Fargo analyst Judson Bailey upgraded FTS International to Outperform from Market Perform, stating that although he acknowledges the uncertain macro environment and growing risk to global spending growth, he still sees some compelling valuations and opportunities developing in the OFS sector. However, given his adjustments after the firm's E&P team rolled out lower oil price estimates, he cut his price target on FTS International shares to $12 from $14. :theflyonthewall.com