27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Select Energy Services Inc (NYSE:WTTR) completed amerger with Rockwater Energy Solutions Nov. 1.
The Analyst
Wells Fargo's Judson Bailey is resuming coverage on Select Energy with an Outperform rating and $20 price target.
The Thesis
The Rockwater acquisition is going to be transformative for Select Energy Services, as it significantly expands the company's geographic footprint, customer base and product line diversity, said Bailey. (See Bailey's track record here.)
The analyst said he expects pre-frac water demand to remain solid and forecasts a 37 percent year-over-year revenue increase in 2018 and a 16-percent increase in 2019.
The acquisition will add to Select Energy Services' Permian presence and complement the company's strong presence in Bakken and Eagle Ford with Rockwater's presence in MidCon and the Marcellus/Utica basins, the analyst said.
The Price Action
The stock spiked around 2.5 percent Tuesday and has been trading in a range from $14 to $17 since late September. It is now trading close to $16.
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Your Easy Guide To Credit Suisse's New Top Stocks List
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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